Pump.fun Trails Hyperliquid in Seven-Day Revenue Reading

Pump.fun recorded $9.65 million in seven-day protocol revenue, trailing Hyperliquid’s $15.06 million and reversing a recently circulated claim that Pump.fun had taken the lead.

All of Pump.fun’s revenue was assigned to Solana. The figure covers the platform’s share of bonding-curve trading fees, along with graduation and Mayhem-mode fees. Creator fees and cashback are tracked separately.

Hyperliquid’s protocol revenue primarily consists of fees directed to its Assistance Fund for HYPE purchases and excludes builder fees. Its tracked activity includes bridge, spot, HLP and perpetuals products.

The same seven-day readings show $13.25 million in fees for Pump.fun and $19.46 million for Hyperliquid. Fees measure a broader flow than protocol revenue in these figures, so the two measures are not interchangeable.

Pump.fun is a Solana-based token launchpad. Hyperliquid is a Layer 1 blockchain focused on perpetual futures and spot trading.

The comparison also differs from an earlier measurement in which Solana applications generated $49.9 million in weekly revenue. That figure covered applications across the blockchain rather than a current ranking between Pump.fun and Hyperliquid.

The seven-day figures are dashboard readings, and the displayed periods do not include timestamps. The comparison therefore shows the latest listed values without establishing a precisely defined ET measurement window.