Pump.fun Consolidates as Memecoin Hype Fades

[madtrader]

Pump.fun protocol revenue from January 2025 to January 2026. Source: DefiLlama

Pump.fun’s latest acquisition comes during a sharp cooldown in the memecoin sector.

After peaking at over $137 million in monthly revenue in early 2025, the platform’s revenue has fallen roughly 77% as speculative activity declined. At the same time, the overall memecoin market has dropped from more than $100 billion in value to around $28 billion.

By absorbing Vyper and expanding its trading infrastructure, Pump.fun appears to be shifting toward long-term platform growth rather than relying solely on memecoin speculation.

[bonk]

77% drop in revenue is brutal… guess the memecoin hype really can’t last forever