PumpSwap · 42

Don't bet 100 times more, just look for “cash bulls”: What other projects are worth investing in in a bear market?

Source: Odailey Planet Daily Author: Asher Original title: Don't guess 100 times the coin, only bet on “cash cow”: What other projects in the bear market are worth investing in? The bear market only buys the most profitable items on each track, and the bull market then goes after short-term hot spots. Core point of view: In the context of the downturn in the crypto market, this article has selected four issued projects, Pump.fun, Hyperliquid, Uniswap, and Chainlink. They have shown profitability through a bear market with stable agreement revenue, providing a more realistic reference target for long-term investment. Key elements: 1.pump.fun's revenue in the past 30 days was 41.53 million US dollars, with a cumulative total of about 256 million US dollars in the first 7 months. The revenue depends on the popularity of Meme transactions on the Solana chain, but the average monthly cash flow capacity of tens of millions of dollars is outstanding. 2. Hyperliquid's cumulative revenue for the first 7 months was about US$352 million, surpassing Pump.fun. In June, it reached a new high of 60 million US dollars during the year. The revenue mainly comes from perpetual contracts and spot transaction fees. 3. Hyperliquid uses approximately 99% of the agreement fee to repurchase and destroy HYPE tokens, forming a simple investment logic of “profitable and continuous repurchase”. 4. Uniswap has earned 5.6 million US dollars in the past 30 days. It is the most profitable DEX. It accumulated about US$28.4 million in the first 7 months, benefiting from the official opening of the agreement fee after the implementation of the Unification proposal and its use for UNi's destruction. 5. Chainlink's revenue in the past 30 days was 4.57 million US dollars. The monthly revenue was stable in the range of 4.4 million to 5.8 million US dollars. The revenue came from service fees such as oracles and cross-chain services, and the cumulative transaction value facilitated reached 32.18 trillion US dollars. Since this year, the crypto market has continued to be sluggish. There aren't no hot spots on the chain; every once in a while, there are a few burgeoning memes, but these quotes often focus on new coins that have just been issued and hardly give the market time to fully study. Once the story ebbed down, prices quickly dropped back down. Most players who got on the bus halfway ended up losing money and making little money. Since blindly guessing the next 100 times the coin makes little sense. A more realistic investment logic is: if you are preparing to invest slowly in a bear market and wait for the next round of the bull market to return, what other projects are worth buying now? Compared to simply reading the story, a more direct screening criterion is whether the project itself still makes money or not. If a platform can still earn millions or even tens of millions of dollars in revenue every month in the crypto bear market, it at least indicates that users and demand are still there, and the project also has a stronger ability to cross the cycle. This type of platform token won't necessarily be the altcoin with the most exaggerated rise in the next round of the bull market. So, since this year, what other coin issuing projects have continued to make money? (The revenue data for the project in this article comes from Tokenomist and DeFilLama. The revenue caliber is uniformly adopted, that is, the actual revenue of the agreement after deducting distribution to supply-side participants such as LPs.) Pump.fun: The “shovel seller” on the meme circuit earns money from round after round of coin issuance boom. Apart from the two major stablecoin issuers Tether and Circle, Pump.fun is one of the most profitable crypto native projects in the past 30 days, with a revenue of 41.53 million US dollars. Looking at monthly data, Pump.fun's revenue from January to July was 51 million US dollars, 40 million US dollars, 38.1 million US dollars, 32.4 million US dollars, 32.4 million US dollars, 34.4 million US dollars, 26.6 million US dollars, and 33.7 million US dollars, respectively, with cumulative revenue of about 256 million US dollars for the first 7 months. Pump.fun's revenue peak was high at the beginning of the year, then the overall decline was evident in April and June, and there was some recovery in May and July. The core of Pump.fun's revenue comes from continuous trading of SGD on the platform. Currently, users are free to create tokens themselves, but trading during the Bonding Curve phase requires transaction fees. According to Pump.fun's latest rate, Bonding Curve's total fee rate is 1.25% per transaction, of which 0.95% goes to the agreement and 0.30% is distributed to token creators. Additionally, when tokens graduate from Pump.fun and enter PumpSwap, a graduation fee of 0.015 SOL will be charged. Pump.fun's revenue still depends on Solana's on-chain meme activity. When the on-chain market is lukewarm, revenue drops significantly, and recovers quickly when popularity picks up. But from the perspective of a bear market, it can be at 7...

4d agoOdaily星球日报#DeFi #MEME #invests

Who was fattened by a meme spree? How can Pump.fun and GMGN turn transactions into money printers?

Source |Odailey Planet Daily Author | Asher Original Title | Disassembling the Meme Revenue Structure for Shovel Sellers: How do Pump.fun and GMGN make tens of millions of dollars a month? If you think it's a bear market, you're not looking in the right direction. Core view: Despite the decline in the popularity of the meme coin market and fewer opportunities to get rich, token issuance platforms and trading tools remain strong and profitable. According to the data in the article, leading platforms such as Pump.fun have earned more than 34 million US dollars in the past 30 days, and GMGN and Axiom have also reached nearly 20 million and 14 million US dollars respectively. The revenue mainly comes from transaction fees and issuance fees. Key elements: 1.pump.fun has earned US$34.68 million in the past 30 days, with a trading volume of US$1,718 million. The revenue comes from Bonding Curve transaction fees (1.25%, of which 0.95% is the agreement) and token graduation fees. 2. Flap's revenue in the past 30 days was 5.58 million US dollars. More than 90% came from BNB Chain. Benefiting from the boom in the stock MEME coin MarsCoin, the basic agreement rate was 1%. 3. Pons was once the leading distribution platform for Robinhood Chain. The revenue from the recent 30-day agreement was about US$4.99 million. After the launch of V2, its revenue sources expanded to include issuance fees, transaction fees, and processing fees after graduation into Uniswap V4. 4. GMGN's revenue in the past 30 days was about US$1.81 million, and Robinhood Chain contributed US$11.67 million (accounting for the largest share). The platform made a profit by charging a 1% handling fee for each transaction. 5. Axiom's revenue in the past 30 days is about US$14.67 million, almost all of which comes from Solana on-chain transactions. The base rate is 1%, the actual net rate is about 0.75%-0.95%, and there is a transaction volume rebate mechanism. 6. Fomo's revenue in the past 30 days is about US$8.79 million, mainly from Solana spot transactions (US$8.64 million), with a minimum handling fee of 0.5% per transaction and a minimum fee of $0.95. Since this year, the overall performance of the crypto market has been sluggish, and altcoins have spread far and wide. The enthusiasm for discussion in the previously active second-tier alpha community and airdrop community has declined markedly, but memes are one of the few exceptions. Compared to the previous bull market, “Express Express,” where the market value of a meme broke through 50 million US dollars or even hundreds of millions of dollars in a short time after being issued, is rarely seen this year, and the myth of getting rich is gradually becoming an unfamiliar term. However, new hot spots are still emerging from time to time in the meme market. From CASHCAT, which became popular on Robinhood Chain, to MarsCoin, a recent stock meme on BNB Chain, it is still attracting the attention of many communities. The hot topic is still there, and naturally people continue to use platforms and wallets around meme creation, trading, etc. So, when “Young P” has fewer and fewer opportunities to become rich with memes, how much money can these platforms make by relying on users to continue to issue and trade coins? Starting with the two dimensions of token issuance platforms and meme trading tools, this article will break down the current revenue sources of the Meme Circuit's main platforms, as well as the revenue situation in the past 30 days. (The data below is all from DeFilLama.) Pump.fun and others, take on the first round of the SGD transaction demand Pump.fun: Although the meme market has earned more than 34 million dollars in the past 30 days, the meme market is far less than the bull market, but Pump.fun can still earn more than $30 million a month, and its ability to make money even exceeds that of Hyperliqud. As of August 11, Pump.fun's revenue for nearly 30 days was $34.68 million. Over the same period, the platform's trading volume was $17.18 billion. The core of Pump.fun's revenue comes from continuous trading of SGD on the platform. Currently, users are free to create tokens themselves, but trading during the Bonding Curve phase requires transaction fees. According to Pump.fun's latest rate, Bonding Curve's total fee rate is 1.25% per transaction, of which 0.95% goes to the agreement and 0.30% is distributed to token creators. Additionally, when tokens graduate from Pump.fun and enter PumpSwap, a graduation fee of 0.015 SOL will be charged. Flap: Revenue surpassed $5.5 million in the past 30 days, 90% from BNB Chain nearly...

11d ago22#MEME #Pump.fun #Robinhood

After Pump.fun launched BOOST, the token graduation rate soared to 6.7%, about 8 times the June average

In comparison, according to The Block data, Pump.fun's token graduation rate reached 6.7% last Friday, about 8 times the June average. The previous four-day average also reached 4.7%, far higher than the previous week's 2.5%. The increase in graduation rates is directly related to Pump.fun's new BOOST default launch mechanism. BOOST targets what Pump.fun calls dead liquidity — previously, about 20% of the migration liquidity was permanently locked in the PumpSwap pool when the token graduated. Now, this portion of the funds will automatically execute a series of market price purchases within five minutes after migration, and all purchased tokens will then be destroyed. BOOST only takes effect after the token is bound. It does not mechanically increase the graduation rate. Instead, it motivates traders to more actively push the token to reach the graduation threshold by ensuring immediate purchase pressure and supply destruction after migration. Meanwhile, the PUMP token has risen by more than 10% so far this year, with an increase of nearly 60% over the past month, outperforming Bitcoin's decline of about 25% during the year. Currently, its market value is about US$850 million, and its fully diluted valuation is over US$1.8 billion.

23d ago

Pump.fun's cumulative buybacks destroyed nearly 15% of PUMP supply, and last week's agreement revenue was $5.9 million

In comparison, Sapijiju, co-founder of Pump.fun, said that from July 6 to 12, Bonding Curve, PumpSwap and Terminal generated a total of $5.9 million in agreement fees, of which 50% of the net fee was used to automatically buy back and destroy PUMP through locked smart contracts. Over the past 7 days, repurchases have destroyed more than $3 million, and the cumulative scale is equivalent to 14.987% of the total supply of PUMP.

39d ago

Ondo, the RWA tokenization leader, will end up as a Perp DEX

By Eric, Foresight News The perpetual contract circuit is undergoing a quiet revolution. Over the past two years, Perp DEX has grown from a marginal experiment to a force to be reckoned with in the derivatives market. The total trading volume of Perp DEX reached $7.9 trillion in 2025, close to 10% of the total trading volume of centralized exchanges. In the midst of this hustle and bustle at the time, a fundamental limitation always existed: almost all platforms were trapped in the cage of cryptographic native assets. The targets of transactions were nothing more than Bitcoin, Ethereum, and a few altcoins, and the collateral was almost a single stablecoin. Meanwhile, the real-world asset (RWA) tokenization circuit is rising at an astonishing rate, from a proof of concept in 2023 to a market size of over $30 billion today. On this track, Ondo Finance has established an undisputed leading position: its tokenized stock platform Ondo Global Markets has a market share close to 70%, which is about 2.5 times that of second place. Beginning this year, precious metals, commodities, and stocks began to be included in DEX's trading list. But the direction we're used to is for Perp DEX to launch tokenized RWA assets. Things started getting interesting when the absolute leader of the RWA circuit decided to enter the Perp DEX space. The launch of Ondo Perps means that the perpetual contract circuit has finally seen a player who actually starts from traditional financial assets and deeply integrates institutional-grade asset issuance capabilities with cryptographic native trading infrastructure. This may mark a turning point in the evolution of Perp DEX from a pure cryptographic derivatives tool to a truly global asset trading infrastructure. “The opposite way” In 2021, former Goldman Sachs employees Nathan Allman and Pinku Surana founded Ondo, which was initially positioned as a DeFi structured product agreement. From the end of 2022 to the beginning of 2023, the team keenly sensed that the DeFi internal circulation model will eventually reach the ceiling, and that the bridge connecting traditional finance with the on-chain world is the next real big opportunity. So they resolutely turned to the RWA circuit, launched OUSG, a tokenized US Treasury bond fund, and then launched USDY for non-US retail investors. These two products accurately penetrated the biggest pain point of the market at the time: the huge amount of money in the crypto world urgently needed to find low-risk, high-yield on-chain footholds, and the Federal Reserve's aggressive interest rate hike cycle made US Treasury bonds the most attractive choice. Unfortunately, at the end of May, Nathan Allman, founder and CEO of Ondo and one of the main drivers of RWA's tokenization circuit, passed away unexpectedly, and long-term president Ian De Bode will take over as CEO. Ondo said Ian De Bode has been responsible for the company's strategy, products and day-to-day operations for more than two years, and his successor CEO has received full support from the management team. Ondo's execution is impressive. In March 2024, when BlackRock launched BUIDL, a tokenized money market fund, Ondo quickly transferred OUSG's main holdings to BUIDL, leveraging credit endorsements from the world's largest asset management company while maintaining its independence in distribution channels. By 2025, Ondo's TVL surpassed $2.5 billion, with the USDY single product exceeding $1 billion, making it the world's largest tokenized treasury bond product for retail investors. Meanwhile, the launch of Ondo Global Markets expanded the company's footprint from fixed income to equity assets. Launched in September 2025, the platform provides trading of more than 260 tokenized US stocks and ETFs. From Apple and Nvidia to the S&P 500 ETF, it covers popular sectors such as AI, biotech, defense, and energy. In less than eight months, the TVL broke 1 billion dollars, and the cumulative transaction volume exceeded 18 billion US dollars, which is a phenomenal growth rate in the history of any financial product. By contrast, none of the stablecoins showed such a steep adoption curve in the early stages. More importantly, Ondo isn't just a crypto project operating in a grey area. It received coverage from 30 European countries in Liechtenstein...

45d agoForesight News#DEX #Ondo #Perp DEX #RWA #tokenize

A total of 41.8% of the circulating supply was destroyed, and the pump.fun weekly agreement cost reached $7.2 million

Comparing the news, Sapijiju posted an article on the X platform stating that pump.fun published the first official weekly report. From June 29 to July 5, Bonding Curve, PumpSwap, and Terminal agreements totaled $7.2 million, of which 50% of the net cost was used for PUMP repurchase and destruction. In the past 7 days, about 3.7 million US dollars of PUMP were repurchased and destroyed, and 41.8% of the circulating supply has now been destroyed. Bonding Curve's weekly trading volume reached $553 million, and PumpSwap's trading volume reached $1.65 billion; the previously launched Tokenized Agent launch option was removed based on community feedback; Pump App's new Swap service was launched, and the transaction speed was shortened from 1 to 2 seconds to 300 to 400 ms; after the launch of the low KYC deposit channel, the platform's deposit transaction volume increased by an average of about 21% per day; Terminal launched an offline token token token Features: JS package size has been reduced by 35%, and the search function has added active viewers, wallet screening, and OG filters; since GO launched, related posts have received over 18 million views. Currently, about 3,000 bounty tasks have been created, and 18,000 submissions have been received, and a total of over 600,000 US dollars in rewards have been paid.

46d ago

Data: Pump.fun events fell 80% in three months

Compared to news, Solana's once dominant Memecoin distribution platform Pump.fun's activity continues to deteriorate, and token graduation rates, platform revenue, and Solana network fees have all declined markedly in recent months. According to the data, Pump.fun's seven-day average token graduation rate fell to 0.26% last week, down 80% over the past three months. Meanwhile, the platform's average revenue from June to today is around $800,000, far below the average daily level of around $4.8 million six months ago. Entering June, Pump.fun's revenue dropped 25% month-on-month, while the token graduation rate dropped 53% month-on-month. This difference indicates that the platform may still maintain some dollar revenue through ancillary revenue such as PumpSwap AMM transaction fees and coin sponsorship, but its core function, which is the ability to push newly issued tokens to a higher stage of market capitalization, has been significantly weakened. Pump.fun's decline is also reflected in the price of the PUMP token, which has declined by around 40% over the past six months. Meanwhile, traders' interest is shifting from Memecoin issuance on the Solana chain to other trading scenarios such as perpetual contracts, further reducing Solana network fees.

67d ago

Pump.fun will introduce USDC trading pairs for newly issued tokens on May 21

Comparatively, according to SolanaFloor, Pump.fun will enable USDC matchmaking for new tokens on May 21, marking a major shift from the platform's previous model of relying on SOL. The update was first announced on May 7, and existing SOL-based pairings are unaffected. Since its launch in January 2024, it is estimated that at least 5.07 million SOL (worth $430 million) were locked in liquidity pools when the token graduated. Previously, all tokens that completed Pump.fun's combined curve would migrate to its AMM PumpSwap, where liquidity was paired with SOL and permanently destroyed.

95d ago

Pumpfun Announces 50% of Proceeds to Repurchase and Burn PUMP Tokens

Comparing news, Pumpfun announced adjustments to the token economy model to use 50% of net revenue to buy back PUMP tokens and immediately destroy all of them, replacing the previous practice of using 100% of the revenue to repurchase but keep it in the treasury. Previously, the community continued to criticize that the repurchase failed to effectively support the currency price. The 50% repurchase allocation covers net revenue from Bonding Curve, PumpSwap and Terminal products, and the remaining 50% will be used for operations, recruitment, and strategic investments. Pumpfun also revealed that the previous buyback had destroyed about 36% of PUMP's circulating supply, and the price of PUMP rose briefly after the news was announced. Co-founder Alon said the move was aimed at establishing a sustainable token value support mechanism.

114d ago

Pump.fun destroyed approximately $370 million of PUMP tokens and initiated a programmatic buyback burn mechanism

According to Twitter, Pump.fun has completed the destruction of all PUMP tokens previously repurchased, involving an amount of about US$370 million, accounting for about 36% of the circulating supply. Meanwhile, Pump.fun announced the launch of a programmatic buyback and destruction mechanism to use 50% of net revenue over the next 1 year to repurchase $PUMP in the open market and instantly destroy 100%. The mechanism is locked and executed through irreversible smart contracts, covering revenue sources for the three product lines of Pump.fun Joint Curve, PumpSwap, and Terminal. The execution process includes four steps of fee collection, intermediate wallet integration, and repurchase and destruction, which can be tracked in real time through fees.pump.fun. The remaining 50% of revenue will be used to support business operations and ecological development, including team expansion, strategic investment and marketing. Pump.fun said the move was aimed at responding to the community's concerns about the long-term value of the token and the transparency of the repurchase mechanism, with the goal of continuing to reduce circulation supply.

115d ago