Pump.fun hits lowest monthly revenue in 2025 as memecoins lose steam

Solana memecoin launchpad Pump.fun’s monthly revenue dropped to a 2025 low in July, signaling a sharp downturn in the memecoin creation sector after months of declining interest

According to data from DeFi analytics platform DefiLlama, Pump.fun generated $24.96 million in revenue last month, down 80% from its January peak of over $130 million

The platform’s revenue has steadily declined throughout the year, decreasing to $90 million in February before plunging to $37 million in March, DefiLlama data shows.

The protocol’s revenue hovered around $40 million for the next three months before reaching its lowest point in July

The sharp decline mirrors waning momentum in the broader memecoin sector, which had experienced a surge in trading volume and market capitalization in July before rapidly cooling.

Pump.fun monthly revenue. Source: DefiLlama## Memecoin trading volume drops 67% from July’s peak

Memecoins performed well last month, with analysts saying the sector flipped bullish. CoinMarketCap data showed that memecoins recorded a high of $85 billion in market capitalization and $17.22 billion in 24-hour trading volume on July 23.

However, the memecoin sector was unable to sustain its rally in July. On Monday, CoinMarketCap data showed that the overall memecoin valuation dropped to $65 billion, down 23.5% compared to its peak in July.

In addition, the 24-hour trading volume decreased to $5.59 billion, falling 67% from its July 23 record

The Solana network, the home of the top memecoin launchpads, has seen a decline in new tokens created in August.

Solscan data showed that on Aug. 2, there were only about 34,040 Solana Program Library (SPL) tokens minted in Solana. This is the lowest daily mint record for the last three months

New Solana Program Library tokens minted in the last three months. Source: SolscanRelated: Influencer who coined ‘memecoin supercycle’ sits on $68M profit, data suggests

Solana memecoin launchpads see drops in daily traders and volume

Trading activity on Solana’s major memecoin platforms has similarly dropped.

On July 9, Pump.fun had a daily record of 346,000 traders and $348 million in volume. Its competitor, LetsBonk, recorded 208,000 traders and $503 million in volume

On Monday, data from decentralized exchange aggregator Jupiter showed that Pump.fun had 129,000 traders and a $150 million volume, a 62% drop in daily traders and a 56% decline in 24-hour volume

LetsBonk recorded 260,000 traders, up 25% from its July 9 record. However, its daily trading volume was $453 million, down nearly 10% since July 9

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