pump.fun sets new record: $250 million in protocol revenue, over 200K daily active users
TechFlow Selected TechFlow Selected
pump.fun sets new record: $250 million in protocol revenue, over 200K daily active users
The graduation rate of tokens on pump.fun remains low (around 1.4%), and 81.15% of the graduated tokens have never exceeded a market cap of $500,000.
Navigating Web3 tides with focused insightsBy Karen, Foresight News
As pump.fun's live streaming feature edges toward "chaos," bizarre, real-person-controlled, inhumane, and extreme broadcasts have surged like a tide. While these contents attract curiosity, they also push the psychological limits of viewers and have sparked widespread debate over platform regulation, legality, and ethical standards.
Setting aside these controversies, from a data perspective alone, since the author wrote the article "The Untold Data Behind pump.fun: 1.4% Graduation Rate, Only 3% of Users Profit Over $1,000" in August, the pump.fun platform has demonstrated remarkable growth across multiple dimensions—revenue, token deployment scale, user activity, trading volume, and market influence. However, in stark contrast, the platform’s graduation rate remains low (around 1.4%), and among graduated tokens, a staggering 81.15% never surpassed a market cap of $500,000.
First, examining platform fees: according to Dune dashboard data provided by evelyn233, pump.fun platform fees have continued to climb, reaching 1.46 million SOL (over $250 million) within just 10 months of launch. However, as of November 19, pump.fun had sold a total of 898,243 SOL (approximately $157 million). pump.fun is the fastest-growing revenue application in crypto history, achieving $100 million in revenue in only 217 days. In the past month alone, pump.fun’s fee revenue has been on par with Uniswap, both around $77 million.
Daily Token Deployments Surge, but Graduation Rate Remains Around 1.4%
In terms of token deployment, the number of tokens on pump.fun has approached 3.82 million, with total addresses reaching 3.56 million. The daily number of newly deployed tokens shows a spiraling upward trend, ranging between 40,000 and 55,000 per day this month.
Despite the explosive growth of new tokens, the proportion of successfully "graduated" tokens (i.e., listed on Raydium) remains around 1.4%. This means that out of nearly 3.82 million tokens, only about 54,000 have graduated, while 98.6% of wallets have never made it onto Raydium.
Daily Active Users Exceed 200,000 in the Past Week
On the user front, pump.fun’s daily active users have exceeded 200,000 in the past week—a significant increase compared to the 30,000–50,000 range in August. This reflects not just a rise in user numbers, but also growing user dependency on the platform. New user registrations continue to grow steadily, with over 100,000 new users joining daily in recent days.
Transaction Count for pump.fun Tokens Far Exceeds Non-pump.fun Tokens
In transaction volume, according to Dune dashboard data from Hashed, the number of transactions for pump.fun tokens has exceeded those for non-pump.fun tokens since August, with a monthly average transaction ratio of roughly 6:4.
However, it's worth noting that non-pump.fun tokens still lead in trading volume. In November, the trading volume ratio between pump.fun and non-pump.fun tokens was 43:57. Prior to this, pump.fun token volumes were even lower (from June to September, pump.fun tokens accounted for just over 20% of total volume).
81.15% of Graduated Tokens Never Reached a $500,000 Market Cap
Diving deeper, based on updated data shared five days ago by @adam_tehc, pump.fun’s graduation rate stands at only 1.6%. Among the 43,846 successfully graduated tokens, a striking 81.15% never achieved a market cap above $500,000. Only two tokens (PNUT and GOAT) surpassed a $1 billion market cap.
-
35,579 tokens (81.15%) never exceeded a $500,000 market cap.
-
5,963 tokens (13.6%) reached market caps between $500,000 and $2 million.
-
1,846 tokens (4.21%) reached market caps between $2 million and $10 million.
-
369 tokens (0.842%) reached market caps between $10 million and $50 million.
-
64 tokens (0.146%) reached market caps between $50 million and $200 million.
-
23 tokens (0.052%) reached market caps between $200 million and $1 billion.
-
2 tokens (0.005%) surpassed a $1 billion market cap (PNUT and GOAT).
Finally, regarding profitability: if you’ve earned over $10 million in profit on pump.fun, you’re ranked in the top 4; over $1 million places you in the top 153; and over $100,000 puts you in the top 3,336.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
Foresight News
