The MEME coin platform Pump.fun on Solana saw its monthly revenue in July drop to a low for 2025, marking a significant decline in the creation of MEME coins amid decreasing interest.
According to data from the decentralized finance analysis platform DefiLlama, Pump.fun's revenue last month was $24.96 million, down 80% from the peak of over $130 million in January.
Data shows that the platform's revenue has been continuously declining throughout the year, dropping to $90 million in February and plummeting to $37 million in March.
In the next three months, revenue hovered around $40 million, reaching its lowest point in July.
The trading volume of MEME coins has decreased by 67% since the peak in July.
Although analysts had previously stated that this sector performed well last month, the MEME coin industry failed to maintain its rebound from July. According to CoinMarketCap data, there was a total market capitalization of $17 billion and a 24-hour trading volume of $17.22 billion recorded on July 23.
However, the overall market valuation has decreased to $65 billion, down 23.5% from the peak in July. Daily trading volume has fallen to $5.59 billion, a decrease of 67%.
On the Solana network, the number of new tokens created in August decreased. Solscan data shows that on August 2, only about 34,040 Solana Program Library (SPL) tokens were minted on Solana, marking the lowest daily minting record in the past three months.
Both the number of traders and trading volume on the Solana platform have declined.
The trading activity on the main MEME coin platform on Solana has correspondingly declined. On July 9, Pump.fun recorded 346,000 traders and a trading volume of $348 million, while its competitor LetsBonk had 208,000 traders and a trading volume of $503 million.
However, according to data from the decentralized exchange aggregator Jupiter, Pump.fun now has only 129,000 traders left, with a trading volume of $150 million, representing drops of 62% and 56%, respectively. While LetsBonk saw a 25% increase in the number of traders, its daily trading volume decreased by nearly 10%.