Pump.fun fees top $10M as revenue overtakes Hyperliquid
Pump.fun generated $10.03 million in protocol fees during the week of Aug. 3 to 9, marking the first time its weekly total crossed $10 million under its current reporting series.
- Pump.fun generated $10.03 million in weekly protocol fees, up 12% from the previous week’s total.
- The platform bought back and burned 2.15 billion PUMP, worth approximately $5.02 million that week.
- Ecosystem trading volume reached $2.97 billion, the strongest weekly total since late January, Pump.fun reported.
- DefiLlama now shows Pump revenue at $35.67 million over 30 days, above Hyperliquid’s $32.46 million.
- PUMP traded near $0.0028, up 33.8% weekly, before another scheduled token unlock arrives on Wednesday.
The Solana based token launch platform said fees increased 12% from the previous week as trading activity recovered across its launchpad, PumpSwap exchange and Terminal trading product.
The latest newsletter described the period as the platform’s “first week above $10M.” Independent DefiLlama data supports the broader revenue recovery, although its rolling measurement window differs from Pump.fun’s fixed Aug. 3 to 9 reporting period. DefiLlama recorded $10.49 million of Pump protocol revenue over the latest seven days.
Pump.fun revenue moves ahead of Hyperliquid
Pump.fun also said it had overtaken Hyperliquid in revenue measured over 30 days. DefiLlama’s latest data supports that comparison. Pump recorded $35.67 million of revenue during the latest 30 day period, while Hyperliquid generated $32.46 million.
The comparison requires some care because DefiLlama measures the protocols differently. For Pump, revenue includes the platform’s share of bonding curve fees, PumpSwap protocol fees and Terminal fees after applicable payouts. Hyperliquid revenue primarily reflects fees routed to its Assistance Fund for HYPE purchases. Pump’s broader gross fees were much higher at $88.87 million over 30 days because that measure also captures fees distributed elsewhere in the ecosystem.
Trading activity also strengthened. Pump.fun reported $2.97 billion in ecosystem volume during Aug. 3 to 9, which it called its “strongest trading week” since late January. Bonding curve volume accounted for $751.6 million, while PumpSwap processed another $2.22 billion.
PUMP buybacks burn another $5 million of tokens
Pump.fun said $5.02 million was used to purchase and burn approximately 2.15 billion PUMP during the seven day period. The purchases form part of its commitment to route 50% of revenue toward PUMP buybacks and burns through a locked smart contract. The platform said cumulative repurchases and burns have now offset 15.7% of the token’s original total supply.
Blockchain based tracking broadly corroborates the latest buyback activity. DefiLlama, which measures PUMP holder revenue from recorded burns, showed $5.16 million flowing to token holders through the mechanism over its latest seven day rolling window. The difference from Pump.fun’s $5.02 million figure is expected because the reporting windows and aggregation methods are not identical.
The new figures continue a buyback strategy that has become central to PUMP’s token economics. As previously reported in earlier token unlock analysis, Pump.fun committed half of platform revenue to automated repurchases and burns after carrying out a much larger supply reduction earlier in 2026.
PUMP rallies but another token unlock is approaching
PUMP was trading near $0.0028 on Aug. 11, according to DefiLlama. The token had gained about 33.8% over seven days and 104.1% over 30 days, taking its circulating market capitalization to about $1.1 billion. However, it remained roughly 68% below its September 2025 record high.
The timing does not establish that the latest fee report caused the rally. PUMP had already been advancing during the period covered by the newsletter, while buybacks, increased trading activity and broader market conditions were developing simultaneously. In related previous market coverage, buyback activity had already emerged as one factor traders were watching around PUMP.
Attention now moves to another scheduled supply event. DefiLlama’s schedule lists 4.167 billion PUMP for the team and 2.708 billion for existing investors as becoming unlocked on Aug. 12. The combined 6.875 billion PUMP was valued at roughly $19.2 million using the tracker’s latest price and represented about 1.75% of circulating supply.
Social trading grows as U.S. lawsuit remains unresolved
Pump.fun is also trying to deepen activity beyond token launches. The platform publicly launched social trading on Aug. 7, introducing token callouts that alert followers, zero fee trading and cross chain trades funded with USDC. Its post confirmed those features, while the newsletter said callouts increased 44% during the week and replies rose 87%.
Social trading just leveled up on the Pumpfun app!
— Pump.fun (@Pumpfun) August 7, 2026
– Callout tokens, alert EVERY single follower
– Trade with ZERO fees
– Trade crosschain seamlessly with USDC
Grow your following now 👇 pic.twitter.com/lZGWozPCEY
The revenue rebound comes while Pump.fun continues to face a separate U.S. legal challenge. The federal docket for Aguilar v. Baton Corporation Ltd. in the Southern District of New York lists April 13, 2026 as its last known filing date. Plaintiffs have alleged securities violations and other misconduct involving tokens sold through the platform. Those remain allegations, not findings of liability.
The case has been covered previously in earlier lawsuit coverage. Meanwhile, the more immediate market test arrives with Wednesday’s PUMP unlock. Beyond that event, the key operating measure will be whether the recent rebound in trading continues and keeps revenue above the levels that pushed Pump ahead of Hyperliquid over the latest 30 day period.