Pump.fun Generates $55.5 Million in 30-Day Revenue, Edging Hyperliquid

Pump.fun generated $55.5 million in protocol revenue over the 30 days through Oct. 4, 2026, narrowly ahead of Hyperliquid’s $54.34 million in a rolling comparison of two platforms with different business models.

Pump.fun also led over seven days, generating $17.54 million in protocol revenue compared with Hyperliquid’s $11.19 million. The 30-day difference was less than $1.2 million, and the rolling-period figures do not establish whether the lead will persist.

Pump.fun’s activity is tied to token launches and trading across its products. Hyperliquid focuses on perpetuals trading, so the revenue figures compare platform income rather than trading volume on equal terms.

Two large movements involving Pump.fun’s PUMP token were recorded. A wallet labeled “netherlol” bought 383.34 million PUMP, valued at about $2.4 million, after more than a year without a reported purchase. Separately, a newly created wallet labeled GnZqfY withdrew 189.22 million PUMP, worth about $1.18 million, from MEXC.

The transactions do not establish that the wallets share an owner or indicate a broader accumulation trend. The exchange withdrawal also does not show whether the tokens will remain off exchanges.

Pump.fun’s published policy allocates half of its revenue to buying PUMP on the open market for burning. The revenue ranking does not show how much of the 30-day total went to buybacks during that period.

The seven-day protocol revenue comparison differs from an earlier seven-day revenue reading, when Pump.fun trailed Hyperliquid. Fee and revenue measures are not interchangeable.