Solana-based memecoin launchpad Pump.fun saw one of its strongest revenue weeks of 2025 in mid-August, as the sector rebounded from a recent slump.
According to decentralized finance (DeFi) tracker DefiLlama, Pump.fun generated $13.48 million between August 11 and Sunday, marking its highest weekly revenue since February.
The surge followed a steep decline from July 28 to August 3, when the platform recorded just $1.72 million in weekly revenue—its lowest since March 2024—and contributed to Pump.fun’s lowest monthly revenue of the year in July.
The downturn mirrored a wider slump in the memecoin market. Data from CoinMarketCap showed the sector’s market capitalization fell 20% in a week, dropping from $77.73 billion on July 28 to $62.11 billion on August 3, erasing nearly $16 billion in value.
Pump.fun returns to the top of Solana launchpad rankings
Pump.fun’s revenue growth comes as the broader memecoin market shows signs of recovery.
CoinMarketCap data indicates the memecoin sector climbed to nearly $75 billion on August 11 before sliding to $70 billion by Sunday. At the time of writing, the total market cap of memecoins stood at $66 billion.
Alongside posting its strongest weekly revenue, Pump.fun has also reclaimed its leading position among Solana memecoin launchpads.
Earlier, on July 7, a new Solana platform called LetsBonk briefly overtook Pump.fun in 24-hour revenue. According to Solana DEX aggregator Jupiter, LetsBonk maintained a strong presence throughout July, often capturing more market share than Pump.fun.
Recent Jupiter data, however, shows Pump.fun back at the top. Over the past seven days, it commanded a 73.6% market share and recorded $4.68 billion in trading volume. The platform also logged 1.37 million traders and more than 162,000 token mints during the week.
Its closest competitor, LetsBonk, lagged behind with a 15.3% market share and $974 million in weekly trading volume, hosting 511,000 traders and just over 6,000 token mints.
Pump.fun hit with $5.5 billion lawsuit
Despite its recent resurgence, Pump.fun is facing significant legal troubles. A class-action lawsuit filed on January 30 accuses the platform of using “guerrilla marketing” to create artificial urgency around highly volatile tokens.
The lawsuit was amended on July 23, labeling the memecoin launchpad an “unlicensed casino.” The revised filing claims Pump.fun operates like a “rigged slot machine,” where only early participants profit by offloading their tokens onto later investors. According to the lawsuit, losses for investors have already reached $5.5 billion.
Nevertheless, the platform continues to perform strongly. Data from a Dune Analytics dashboard shows Pump.fun’s lifetime revenue has already surpassed $800 million.
Solana Labs co-founder Anatoly Yakovenko weighed in on the platform’s prospects, stating on Wednesday that it has the potential to evolve into a global streaming platform.
