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Key Takeaways:
- Pump.fun’s July revenue fell 80% from its January peak, signaling meme coin sector weakness.
- The broader meme coin market lost 23.5% in value since July 23.
- Solana posted $87M in network revenue, maintaining Layer 1 dominance.
Pump.fun, Solana’s meme coin launchpad, has hit a 2025 low in monthly revenue, signaling weakening momentum in the meme coin sector—even as Solana continues to lead Layer 1 networks in usage and fees.
Pump.fun Faces Sharp Revenue Decline
Solana-based meme coin creation platform Pump.fun reported just $24.96 million in revenue for July 2025, according to DefiLlama—an 80% drop from its January peak of over $130 million. This marks the platform’s lowest revenue point of the year and continues a consistent downtrend from earlier highs of $90 million in February and $37 million in March.
Though Pump.fun saw a temporary rebound around mid-year, its sustained decline highlights waning interest in meme coin launches, despite a brief July rally in trading volume and market cap.
Meme Coin Sector Loses Steam
Pump.fun’s slipping revenue aligns with a broader cooldown in the meme coin market. After peaking at $85 billion in market cap and $17.22 billion in daily volume on July 23, the sector retraced sharply. As of August 4, the total meme coin market cap fell to $65 billion, a 23.5% drop. Pump.fun’s own 24-hour volume plunged 67%, down to $5.59 billion.
PUMP, the launchpad’s native token, also followed the downturn. It slid another 20% recently, dipping below $0.30 before rebounding slightly to $0.003021.
Solana Still Outperforms as a Layer 1
Despite Pump.fun’s decline, Solana itself remains robust. The network pulled in $87 million in revenue in July, maintaining its lead among all Layer 1 and Layer 2 chains for the tenth straight month. While SOL’s price dropped from a two-week high of $182 to $164.75 following weak U.S. macroeconomic data, its fundamentals remain strong.
Seekers officially start shipping today! Thank you for your support and belief in Solana Mobile since day one.
— Seeker | Solana Mobile (@solanamobile) August 4, 2025
We’re sending tens of thousands of devices to 50+ countries around the world, so sit tight as your order makes its way through over the coming weeks. pic.twitter.com/dQtkWi26JB
Meanwhile, Solana Mobile’s Seeker phone has begun shipping—potentially reigniting interest in Solana-based projects like Pump.fun and bringing new retail attention to the ecosystem.
While Pump.fun’s revenue slump underscores fading hype in meme coins, Solana’s growing network activity and hardware expansion offer a bullish outlook for long-term ecosystem development. Whether meme coin platforms can regain traction remains to be seen.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Pump.fun (PUMP) Price Eyes Rebound After 67% Crash
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
