Pump.fun has quickly evolved from a meme coin launchpad to one of the most influential dApps on Solana, playing a critical role in the network’s revenue growth. According to Blockworks Research, 50–70% of Solana’s transaction fees over the past year have been directly tied to trades on Pump.fun or its sister platform, PumpSwap.
Solana Revenue Growth Fueled by Pump.fun Activit
In the past 18 months, Solana’s revenue (REV) has seen a dramatic resurgence. While multiple factors contributed, few have had a bigger impact than Pump.fun.
Pump.fun as Solana’s Top Revenue Generator
- It’s estimated that over half of all Solana’s native transaction fees originate from Pump.fun and PumpSwap activity.
- Excluding external contributors like Jito (which provides out-of-protocol tips and accounts for ~50% of Solana’s REV), Pump.fun ranks as the top in-protocol revenue app on the chain.
The Rise of PumpSwap and the March 2025 Breakout
A major catalyst behind the spike in March 2025 was the launch of PumpSwap, a platform enabling bonded tokens to graduate from Pump.fun directly, bypassing Raydium.
What Is PumpSwap and Why It Matters
- Bonded tokens created on Pump.fun can now trade on PumpSwap, which retains users within the ecosystem.
- This shift reduced dependency on older AMMs like Raydium and centralized more revenue into Pump.fun’s suite of tools.
The March data spike shows this change clearly, with transaction volume jumping to its highest level of the year.
Analyzing the Transaction Fee Data: 50–70% Dominance
Blockworks Research revealed that between February 2024 and June 2025, the percentage of Solana fees from Pump.fun and PumpSwap:
- Rose steadily from near 0% to over 65%,
- Peaked around April 2025,
- And stabilized above 50% through mid-2025.
This consistency is unprecedented for a meme coin platform, especially one originally designed as a novelty.
The Meme Economy Meets Real Revenue
Meme coins are often dismissed as speculative noise, but Pump.fun proves they can generate real economic activity.
Why Meme Coins Work on Solana
- Low fees on Solana make it ideal for rapid, small trades.
- Fast block times let meme coin launches and trades move in real time.
- Pump.fun’s gamified launch mechanics make it easy for anyone to participate.
The result? A feedback loop of constant token creation, speculation, and liquidity—all feeding back into Solana’s transaction engine.
The Bigger Picture for Solana dApp Ecosystem
With Pump.fun as the poster child, Solana’s dApp ecosystem has matured beyond NFTs and basic DeFi. It now supports creative, viral, and revenue-rich platforms that reward developers and validators alike.
Other Key Revenue Contributors on Solana (2025)
- Jito: Major source of MEV rewards and validator incentives.
- Jupiter Aggregator: Routes millions in daily trades.
- Helius & MarginFi: Infrastructure and borrowing protocols gaining traction.
Still, Pump.fun holds a unique place as a meme-native success story demonstrating that culture-driven apps can scale.
Final Thoughts: Pump.fun’s Role in Shaping Solana’s Financial Future
As of mid-2025, Pump.fun isn’t just a trend—it’s a revenue engine. With 50–70% of Solana’s native transaction fees tied to its ecosystem, it showcases the power of engaging UX, meme culture, and decentralized finance.
If Solana continues leaning into meme utility, Pump.fun may remain one of its most powerful user acquisition and revenue tools.
