Pump.fun's revenue fell to $24.96 million in July. This is only slightly higher than the revenue of the newer project, letsbonk.fun. The number of active addresses and the trading volume on both platforms are also decreasing. This may indicate a general decline in demand for memecoins, as the sector's market cap has fallen sharply in early August. In July, pump.fun's monthly revenue was $24.96 million, according to DeFiLlama. This marked a new low for 2025. The platform launched in January 2024. A year later, amid the excitement following the token launches by US President Donald Trump and his wife, the platform's income reached an all-time high (ATH) of $137.12 million. The July value is nearly 82% below the ATH. The project's income has steadily declined since January, except for a small increase in April: Other metrics also point to fading interest in the project. In particular, daily trading volume has been steadily declining since early July: The decline in pump.fun's performance may reflect a broader trend in the memecoin sector. According to CoinMarketCap, the segment reached a market cap of $85 billion and trading volume of $17.2 billion in July. However, these figures subsequently fell to $65.5 billion and $5.5 billion as of August 4, 2025, representing declines of 23% and 68%, respectively. The situation is similar for letsbonk.fun. In July, the site's income was $22.95 million, according to DeFiLlama. The site's average daily income in July fluctuated between $600,000 and $700,000 but fell below $500,000 in early August.
