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Breaking news: Pump.fun, a popular Solana-based platform for launching memecoins, experienced a dramatic 94% revenue decline in July 2025, falling from $3.4 million too just $200,000, according to Blockworks Research data.This sharp drop signals growing challenges for the platform amid waning memecoin enthusiasm and increasing regulatory scrutiny.
Source: Blockworks Research
Pump.fun gained prominence as a decentralized launchpad, notably within the Solana ecosystem, allowing creators to deploy new tokens quickly and with minimal barriers to entry. The platform operates on a revenue-sharing model, taking a 0.5% cut from each transaction. The July revenue figure represents a notable downturn from the platform’s peak earnings earlier in the year, coinciding with the broader cooling of the memecoin market that began in late Q2 2025.
The decline in revenue is attributed to several converging factors. The initial fervor surrounding memecoins like Dogecoin (DOGE), Shiba Inu (SHIB), and more recently, Solana-based tokens such as Bonk (BONK) and LetsBonk, has subsided.Trading volumes across decentralized exchanges (DEXs) have decreased, directly impacting Pump.fun’s transaction-based income. Furthermore, competing launchpads, including Raydium and JupiterSwap, both also built on Solana, are attracting a larger share of new token launches and trading activity.
Adding to Pump.fun’s challenges, the platform is currently embroiled in legal proceedings.A
