Pump.fun Tops Hyperliquid with $2.55M in 24-Hour Revenue After Project Ascend Launch
Pump.fun generated $2.55 million in 24-hour revenue on September 4, surpassing Hyperliquid’s $2.21 million and reclaiming its position as the top Solana memecoin launchpad. The platform’s cumulative revenue has reached $784.56 million, outpacing Hyperliquid’s $650.85 million and making Pump.fun the highest-earning decentralized app after stablecoin issuers. This resurgence follows the September 2 rollout of Project Ascend, which introduces Dynamic Fees V1—a market cap-linked, tiered fee system that lowers costs as token capitalization grows, discouraging pump-and-dump schemes and rewarding sustainable projects. To reinforce token value, Pump.fun has executed $69.5 million in buybacks funded by launch fees, while unique PUMP holders have risen to 72,082. In the past 24 hours, 28,000 new tokens were deployed on the platform, up from 18,446 days earlier. Pump.fun’s native token (PUMP) outperformed Hyperliquid’s HYPE, rising 12% over 24 hours and 32% in seven days, compared with HYPE’s 2.48% gain and 6.40% seven-day decline. These developments signal growing adoption and strong momentum for Pump.fun and its memecoin ecosystem on Solana.
Bullish
Pump.fun’s revenue milestone, strong token performance and the strategic Project Ascend update point to sustained growth in its memecoin ecosystem. Dynamic, market cap-linked fees curb speculative dumps and reward long-term projects, while $69.5 million in buybacks and rising unique holders (72,082) bolster price support. The platform’s shift to the top Solana launchpad with 28,000 new tokens in 24 hours reflects accelerating adoption. Historically, protocol upgrades and buyback programs—such as Binance’s BNB burns or PancakeSwap’s token burns—have driven bullish sentiment and higher trading volumes. In the short term, PUMP’s outperformance over HYPE is likely to attract traders and liquidity. In the long term, Project Ascend’s sustainable fee model can foster healthier token economies and further solidify Pump.fun’s market position, making the outlook decidedly bullish.