Pump.Fun Surpasses Hyperliquid with $3.12 Million Daily Revenue

PUMP Token Recovery and Revenue Surge

  • The PUMP token, after a rocky start in July, increased by over 140% in the past month.
  • Pump.Fun, the platform behind PUMP, surpassed Hyperliquid in daily revenue, recording $3.12 million compared to Hyperliquid's $3 million.
  • Hyperliquid was previously leading among DeFi platforms with an average of $2.5 million daily revenue.
  • While Hyperliquid leads over longer periods, Pump.Fun's recent rise may positively impact the PUMP token value.

Factors Influencing PUMP Token Price

  • Pump.Fun uses nearly all its revenue for token buybacks, potentially boosting the PUMP price.
  • With a market cap of $2.8 billion, PUMP is considered undervalued compared to HYPE's $14.4 billion.
  • The streaming service on Pump.Fun is beginning, which could further support the platform's growth.
  • If revenue continues and buybacks remain significant, PUMP might reach new all-time highs, currently sitting 30% below its highest recorded value.

Pump.Fun Hyperliquid revenue

PUMP price chart from TradingView.com