Pump.fun Weekly Fees Cross $10M as Buyback Burns Offset 15.7% of Supply

Pump.fun weekly fees crossed $10.03 million for the period 3 to 9 August, the first time the Solana-based launchpad’s weekly protocol revenue has cleared that threshold under its current reporting series. The platform attributed the move to a 12% week-on-week rise in trading activity across its bonding curve launchpad, PumpSwap exchange and Terminal product.

What drove the fee record and how the revenue compares to Hyperliquid

Ecosystem volume reached $2.97 billion over the week, the strongest seven-day total since late January, according to Pump.fun’s newsletter. Bonding curve volume accounted for $751.6 million of that; PumpSwap processed the remaining $2.22 billion.

On a 30-day basis, Pump.fun reported $35.67 million in protocol revenue against Hyperliquid’s $32.46 million over the same frame, per DefiLlama data. That comparison warrants some care: DefiLlama’s Hyperliquid protocol page currently shows 30-day revenue of $55.45 million, a figure that differs from the $32.46 million cited by Pump.fun, likely reflecting a different measurement window or an earlier data snapshot. The two protocols are also measured differently: Pump’s revenue figure captures bonding-curve fees, PumpSwap protocol fees and Terminal fees after payouts, while Hyperliquid’s revenue primarily reflects fees routed to its Assistance Fund for HYPE purchases.

Pump.fun’s broader gross fees over 30 days were $88.87 million, a figure that includes distributions flowing elsewhere in the ecosystem rather than solely to the protocol.

Token Terminal puts Pump.fun’s all-time cumulative fees at $1.1 billion, placing it fifth among DEX protocols globally, behind Uniswap ($5.1 billion), PancakeSwap ($2.6 billion), Raydium ($2.5 billion) and Meteora ($1.7 billion). DefiLlama’s own all-time figure for the Solana chain sits at $1.211 billion in cumulative fees and $1.114 billion in cumulative revenue.

The buyback mechanics behind the Pump.fun weekly fees story

Pump.fun routed $5.02 million of the week’s revenue to purchase and burn approximately 2.15 billion PUMP tokens, continuing a programme that commits 50% of protocol revenue to repurchases through a locked smart contract. Cumulative burns have now offset 15.7% of PUMP’s original total supply, per the platform.

DefiLlama’s Holders Revenue Rankings corroborate the pace: the tracker recorded $5.16 million flowing to PUMP token holders via burns over its latest seven-day rolling window, marginally above Pump.fun’s stated $5.02 million due to differing aggregation windows. According to CryptoTicker, cumulative buybacks across all Pump products have exceeded $350 million in total.

PumpSwap, the native DEX underpinning much of that volume, held $341.46 million in TVL on Solana and ranked seventh among DEX protocols by TVL on DefiLlama, per DefiLlama’s PumpSwap page.

Pump.fun also publicly launched social trading on 7 August, introducing token callouts, zero-fee trading and cross-chain trades funded with USDC. The newsletter reported callouts rose 44% during the week and replies climbed 87%.

PUMP price gains and the Aug. 12 token unlock

PUMP was trading near $0.0028 on 11 August, up 33.8% over seven days and 104.1% over 30 days, giving it a circulating market capitalisation of roughly $1.1 billion. The token remained approximately 68% below its September 2025 record high. After the 12 August unlock, CryptoTicker cited CoinGecko data showing PUMP at $0.00278 on 13 August with a market cap of approximately $1.09 billion.

The unlock itself was material: DefiLlama’s schedule listed 4.167 billion PUMP for the team and 2.708 billion for existing investors becoming unlocked on 12 August, a combined 6.875 billion tokens valued at roughly $19.2 million at prevailing prices and representing about 1.75% of circulating supply.

The lawsuit that won’t go away

Pump.fun continues to face Aguilar v. Baton Corporation Ltd., filed 30 January 2025 in the Southern District of New York and assigned to Judge Colleen McMahon. The case carries a Securities Fraud cause of action, per CourtListener. The last known filing date is 31 August 2026, more recent than the April 2026 date previously cited. Jito Labs is also a named defendant: it filed a motion to dismiss the Consolidated Amended Complaint on 5 September 2025. The claims remain allegations, not findings of liability.

The operating test for the coming weeks is whether trading volume holds at levels sufficient to keep Pump.fun weekly fees above $10 million, and whether the buyback programme can absorb any selling pressure that arrives alongside the next scheduled unlock.