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PumpFun token graduation rate drops 80% in three months, Solana transaction fee revenue declines simultaneously

WuSaidBlockchainW
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Abstract generation in progress
The Block data shows that the core metrics of the Solana ecosystem meme coin issuance platform PumpFun continue to weaken. Over the past three months, its token graduation rate (Graduation Rate) has fallen by about 80% to 0.26%. Since June, its daily average revenue has been approximately $800,000, down more than 80% from about $4.8 million six months earlier. Affected by the cooling of PumpFun activities, Solana network transaction fee revenue has also dropped from an average of about 33,000 SOL per day in January to approximately 5,300 SOL in June. The Block believes that some of the funds previously flowing into the Solana meme coin market may have shifted to platforms such as Hyperliquid for trading cryptocurrency, stock, and commodity perpetual contracts.
SOL1.96%
MEME4.63%
HYPE11.14%
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GateUser-9008328f
· 2h ago
33k SOL down to 5,300, on-chain activity visibly cooling off
View OriginalReply0
LimeMulti-Signature
· 7h ago
Graduation rate of 0.26%? This data is making my scalp crawl—PVP battlefields are basically getting empty.
View OriginalReply0
TidalShellReflection
· 7h ago
SOL transaction fees plummeted, and the ecosystem's popularity is indeed waning.
View OriginalReply0
GlassBottleFeather
· 7h ago
It feels like the entire industry is looking for a new narrative; pure meme projects are no longer sustainable.
View OriginalReply0
ColdBrewSparklingWater
· 7h ago
The competition within the token issuance platform has become so intense that early players have already withdrawn.
View OriginalReply0

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