The cryptocurrency market 2025 is witnessing remarkable developments as Pump.fun, a Solana-based meme coin platform, surpasses Ethereum in fee revenue.
According to data from Token Terminal, Pump.fun has generated $296.1 million in transaction fees so far this year, outpacing Ethereum’s $249.1 million. This milestone highlights the meteoric rise of meme coin platforms and signals a potential recovery for this segment amidst a volatile market.
Pump.fun Outshines Ethereum: Impressive Figures
Data from Token Terminal reveals that Pump.fun has surpassed Ethereum in total fee revenue for 2025 and has maintained its lead in weekly fee capture for nine consecutive weeks. This consistent growth shows the platform’s strong appeal to users.
A comparison chart of fee revenue between Pump.fun and Ethereum from January 2025 to May 2025 shows Pump.fun making significant strides, particularly since early 2025, when the platform began recording a sharp increase in transaction fees.
Moreover, according to Dune Analytics, Pump.fun has seen over 10 million tokens created on its platform in the past month, with more than 30,000 new tokens launched daily. This reflects the tremulous meme coin ecosystem on Pump.fun, where users can easily create and trade new tokens at low costs and high speeds, thanks to Solana’s blockchain technology.
Why Is Pump.fun So Successful?
Pump.fun’s success can be attributed to several key factors. First, the platform fully leverages the advantages of the Solana blockchain, renowned for its fast transaction speeds and low fees.
This particularly appeals to meme coin traders, who often engage in frequent, small-scale transactions. Second, Pump.fun has created a user-friendly environment for creating and trading new tokens, attracting a large user base and, in turn, boosting fee revenue.
Additionally, Pump.fun has strategically enhanced the user experience. While there are no confirmed plans for a token launch, the platform has introduced several advanced features for professional traders.
Recently, Pump.fun announced the launch of PumpSwap and the reactivation of its livestreaming feature for all users following a trial period, now with stricter moderation rules. These improvements attract more users and solidify Pump.fun’s position in the market.
Despite Pump.fun’s fee revenue dropping by 95% from its peak, alongside the platform’s continuous transfer of SOL to exchanges, its impressive growth remains a positive signal for the meme coin market. With over 30,000 new tokens created daily on Pump.fun, it’s clear that meme coins are regaining momentum, thanks to support from platforms like Pump.fun, and Raydium LaunchLab.
However, not everything is rosy. The recent emergence of other meme coin launchpads, such as LaunchLab and Auto.fun, has sparked competition. Some critics argue that Pump.fun is overly focused on profit maximization without delivering real value to the community, potentially encouraging risky trading behaviors.
Looking ahead, Pump.fun has the potential to continue growing if it keeps innovating and addressing community concerns. To ensure sustainable growth, the platform must prevent itself from becoming a breeding ground for scam projects, a persistent challenge in the meme coin market.
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