Pump.fun surpasses Ethereum on daily fee generation
By: bitcoin ethereum news|2025/05/05 17:00:01
0
Share
Pump.fun consistently achieves higher daily fees compared to Ethereum, despite the size and legacy status of the L1 chain. The meme token platform benefited from new meme trends, while Ethereum draws in low fees from direct usage and from L2 settlement. Pump.fun captured $294M for 2025 to date, after several meme trends took off and creators returned. The platform also returned its streaming feature for top creators, and got a boost from its native DEX, PumpSwap. Since its inception, Pump.fun regularly surpassed Ethereum in the short term. Now, the accumulated difference is even larger. The Ethereum chain received around $248M from transaction fees, including direct usage for token transfers, and any remaining rent paid by L2 protocols. As a result, Ethereum remains important for large-scale whales, but its daily fees to validators are only around $365,515. Most of the fees in the ecosystem are produced by apps and retained by the app team, while validators still rely on the block reward. Pump.fun remains top 5 fee producer The meme token platform is also solidly within the top 5 of fee producers, with over $2.88M in daily inflows. The meme platform team continues to cash out regularly, sending SOL to centralized exchanges. At the same time, the entire Solana chain produces around $1.28M in daily fees, rising above $1M on average in the past two weeks. The meme ecosystem mostly boosts the fees for DEXs and aggregators, with only a fraction going to Solana validators. The activity on Pump.fun was often singled out as extracting value from Solana’s ecosystem. However, the usage of meme tokens and DEX activity is boosting Solana fees. The platform and its DEX are one of the biggest gas burners on Solana, returning up to $2.7M in weekly fees to validators. PumpSwap already carries around 6.8% of the chain’s DEX activity, bringing additional fees to Jupiter, Jito and the basic L1 layer. The recent growth follows the expanded trading volume, up by 37% in the past month. The platform handled $5.7B in the past 30 days, based on new launches and native trading. Pump.fun also hosted over 156K daily active users, up more than 18% in the past month. Compared to the recent lows, where only 1,000 addresses created tokens, the platform’s activity has grown nearly 10 times. A total of 9,526 addresses launched new tokens. Daily new launches ranged from 25,000 to 36,000 new memes, returning to levels not seen since Q4, 2024. Can Ethereum regain a meme token advantage? Ethereum was the original network for meme token launches. However, the chain’s gas fee structure meant any increased activity would also make swaps prohibitive. Solana’s low fees leveled the playing field, achieving much faster turnover and wider adoption. On Ethereum, new protocols are testing the waters with extremely cheap token mints. However, Base has already established itself as the meme token platform for Ethereum. Solana also takes 94.5% of meme trading volumes, with over $10B in monthly swaps. Ethereum still trades only $360M in stablecoins on decentralized exchanges. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now Source: https://www.cryptopolitan.com/pump-fun-surpasses-ethereum-daily-fee/
You may also like

IOSG: Making Probability an Asset, Forecasting Market Intelligence Agent
Predictive Market Oracle will begin to take shape in early 2026, poised to become a nascent product in the oracles space over the next year.

The US’s Back-Channel Helper in Attacking Iran, How Evil is Palantir
Palantir has once again used data to validate that unsettling logical loop: War is its best business development strategy

Key Market Intelligence on March 3rd, how much did you miss?
1. On-chain Volume: $34.0M USD inflow to Hyperliquid today; $29.3M USD outflow from Arbitrum
2. Biggest Gainers and Losers: $FAI, $ARC
3. Top News: Today, the crypto market rebounded against the trend, with a macro hedge whale holding long positions in gold and silver and shorting crypto, resulting in a $500k USD loss for the day

Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?
In the coming decades, our freedom may be more fragile than we think

Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point
Predictive trading is no longer just an experiment in the crypto space or a niche market but is starting to be integrated into the product suite of traditional trading platforms.

After a 48-hour ban, Claude reached the top of the App Store
Just the day before, ChatGPT was sitting right there

If this is the beginning of the triple halving, what are top investors saying about what to expect?
Hormuz Strait Blockade, Capital War, Oil and Bitcoin

After Iran's Political Risk Rises, Cryptocurrency Sees Massive Outflow
Following the airstrike, within minutes, Iran's largest cryptocurrency exchange, Nobitex, saw a 700% surge in cryptocurrency outflows.

Pantera Capital Partner: The Financial Trajectory of AI Agents
AI agents will move towards fully autonomous commerce, and blockchain is the only digital-native financial track that meets its needs for identity, micropayments, and trustless execution.

In the next 5 years, Vitalik will scale Ethereum like this
Short-Term vs Long-Term, Execution, Data vs State

Sam Altman and the End of the World Capitalism
The real danger is never AI itself, but those who believe they have the right to define the human destiny.

Wall Street Rings Inflation Alarm Bells Amid Iran Tensions, What Does It Mean for Cryptocurrency?
Interest rates have remained stubbornly high, posing a challenge to the cryptocurrency bull case.

Qwen Open Source Model Enters Mobile, Nasdaq Tests Water Prediction Market, What's the Overseas Crypto Community Talking About Today?
What Was the Hottest Topic Among Expats in the Last 24 Hours?

MegaETH Co-founder: 48 Hours After Escaping Dubai, I Reassess the Entire Crypto Scene
The global environment is not favorable to us, but in the long run, it may be favorable to us.

Morning Report | Strategy increased its holdings by 3,015 bitcoins last week; BitMine increased its holdings by 50,928 ETH last week; Vitalik elaborated on the Ethereum execution layer roadmap
March 2 Market Key Events Overview

Why is it said that there are structural opportunities in encrypted AI?
When centralized AI falls into the dilemma of regulation and trust, Crypto + AI will become a structural escape route for safeguarding data and sovereignty in a multipolar world.

Make Probability an Asset: A Forward-Looking Perspective on Predictive Market Agents
The predictive market agents are expected to present early prototypes in early 2026, likely becoming an emerging product form in the field of agents in the following year.

Consumer application issues
The truly outstanding applications will not ask people to "use cryptocurrency," but will provide practical and better solutions to the problems that people already face.
IOSG: Making Probability an Asset, Forecasting Market Intelligence Agent
Predictive Market Oracle will begin to take shape in early 2026, poised to become a nascent product in the oracles space over the next year.
The US’s Back-Channel Helper in Attacking Iran, How Evil is Palantir
Palantir has once again used data to validate that unsettling logical loop: War is its best business development strategy
Key Market Intelligence on March 3rd, how much did you miss?
1. On-chain Volume: $34.0M USD inflow to Hyperliquid today; $29.3M USD outflow from Arbitrum
2. Biggest Gainers and Losers: $FAI, $ARC
3. Top News: Today, the crypto market rebounded against the trend, with a macro hedge whale holding long positions in gold and silver and shorting crypto, resulting in a $500k USD loss for the day
Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?
In the coming decades, our freedom may be more fragile than we think
Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point
Predictive trading is no longer just an experiment in the crypto space or a niche market but is starting to be integrated into the product suite of traditional trading platforms.
After a 48-hour ban, Claude reached the top of the App Store
Just the day before, ChatGPT was sitting right there