TREE NEWS reports: Pump.fun’s 30-day revenue surpassed Hyperliquid’s, placing it third among protocols at roughly $55.5 million, Defillama data show. The figure covers the trailing 30-day period as of October 4.
Pump.fun 30-day revenue tops Hyperliquid at about $55.5M, ranks third
That a memecoin launchpad out-earns a perps venue in trailing fees says a lot about where on-chain activity is concentrated right now: speculative token creation, not derivatives. The comparison is also a reminder that revenue rankings among protocols are volatile and regime-dependent, since the two businesses monetize very different user behaviors. Whether Pump.fun's fee lead over Hyperliquid persists beyond this 30-day window is the open question.
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