Pump.fun Tops Crypto Revenue; Token Launch Hits New High

￰1￱ has officially overtaken Hyperliquid in 24H revenue, making it the number one revenue-generating app in crypto today, only behind giants like Tether and ￰2￱ IN: @pumpdotfun has overtaken @HyperliquidX in 24H revenue, becoming the top revenue-generating app in crypto, now only behind stablecoin issuers like Tether and Circle.. ￰3￱ — SolanaFloor (@SolanaFloor) September 4, 2025 That’s not a small ￰4￱ means a memecoin launchpad is now out-earning an on-chain perpetuals exchange, something nobody predicted a year ￰5￱ the same time, the token backing the platform, $PUMP, is heating ￰6￱ has now risen above its ICO price, trading at $0.0043, up 11% ￰7￱ rally comes on the back of ￰8￱ reclaiming the top revenue spot on Solana, plus its ongoing 100% buyback ￰9￱ activity is ￰10￱ September 3rd, new token launches on Solana hit 48,081 in a single day, the highest daily number since August 13th.

Report: Are @Solana memecoin trenches heating up? New token launches on Solana hit 48,081 on Sep 3rd, the highest daily count since Aug ￰11￱ — SolanaFloor (@SolanaFloor) September 4, 2025 This begs the question: what’s driving this growth, and what’s the hidden cost for traders? The New Creator Fees ￰12￱ just introduced new incentives for “creators.” Let’s call them what they ￰13￱ are “devs,” but plenty are also “scammers.” These are the people launching hundreds of tokens per day, bundling up liquidity, and farming millions from anyone brave (or foolish) enough to ape in. Now, ￰14￱ is paying these people even ￰15￱ out of some secret stash, but out of the pockets of ￰16￱ move sounds insane, but it’s real.

Here’s why it ￰17￱ IN: $PUMP has risen above its ICO price, driven by ￰0￱ ’s return as the top revenue-generating protocol on Solana and its ongoing 100% buyback ￰18￱ — SolanaFloor (@SolanaFloor) September 3, 2025 ￰19￱ Pressure Everywhere This is the part most people don’t ￰20￱ new fees introduce extra sell pressure across every single coin. Here’s how it works: Buys → fees are paid in ￰21￱ → fees are paid in the base token (the memecoin). Pump. fun, however, only pays creators in ￰22￱ means the fees collected in base tokens must be auto-swapped for Sol somewhere in the process.

Translation? Every buy and sell gets recycled into sell pressure on your coins to line the pockets of ￰23￱ Overall Volume The second consequence: lower trading volume across tokens after the initial hype. Here’s the likely pattern: Day one pumps are explosive. Then, fees drain liquidity faster than usual.

Result: shorter lifespans for new tokens. We’re already in a market where 95% of the money is made on day one. Now, that figure gets even ￰24￱ system basically funnels trader capital into creators’ ￰25￱ Survivors The only tokens that stand a chance are the ones that attract real ￰26￱ crypto, more fee generation usually draws more ￰27￱ higher liquidity tends to reduce ￰28￱ ways this happens: ￰29￱ people add liquidity to the main pool, splitting fee ￰30￱ open new pools with lower fees and siphon volume ￰31￱ Pump. fun’s changes, the second scenario looks ￰32￱ may even be profitable to undercut the main pool at launch, routing trades through cheaper pools right from day one.

Let’s talk about the new pumpfun creator fees. (Long a** post ) Before we get started you need to understand who I am talking about when I say “creator.” Creators are more commonly known today as the “devs” or as I like to refer to them “scammers”. They are the guys who… ￰33￱ — bizzy (@0xBiZzy) September 4, 2025 This shift could create alpha opportunities for savvy LPs or for already-established tokens with steady ￰34￱ for the average trader, it just means even more ￰35￱ Bigger Picture: Launchpad Wars So why is this happening? Simple: the launchpad ￰36￱ major Solana launchpad is competing for ￰37￱ theory, that competition should lower costs and improve ￰38￱ in practice, it’s the ￰39￱ platforms need constant token launches to keep content flowing for streamers, influencers, and copy ￰40￱ and dump cycles have become the ￰41￱ traders, not creators, are footing the ￰42￱ ￰43￱ insists on raising fees, there’s a smarter ￰44￱ fees based on ￰45￱ wouldn’t be perfect, but it’s healthier than handing more money to ￰46￱ example: Set a flat 0.25% fee on the main ￰47￱ fees dynamically during volatility ￰48￱ better?

Flip the model ￰49￱ ￰50￱ projects that actually survive beyond day ￰51￱ would create a far healthier system for ￰52￱ ￰53￱ is winning the numbers ￰54￱ is ￰55￱ launches are at record highs. $PUMP is above its ICO ￰56￱ the trade-off is ￰57￱ new creator fee structure shifts more costs onto traders, adds constant sell pressure, and shortens the lifespan of new tokens even ￰58￱ launchpad wars aren’t delivering cheaper products. They’re feeding an endless cycle of ￰59￱ ￰60￱ rethinks its approach, traders will keep losing while creators, and the platform, cash out big. Disclosure: This is not trading or investment ￰61￱ do your research before buying any cryptocurrency or investing in any ￰62￱ us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !