Pump.fun surpasses Hyperliquid in daily revenue with buyback strategy

• Pump.fun Leads Daily Revenue Among DeFi Protocols in 2025
• Buyback program uses 100% of revenue for PUMP
• PUMP Token Appreciates Over 50% After Buybacks

Memecoin platform Pump.fun has surpassed Hyperliquid in daily protocol revenue, solidifying its recovery after months of steep decline. According to DefiLlama data Pump.fun reported $3,38 million in revenue in the last 24 hours, surpassing the perpetuals trading platform's $3,06 million. Currently, the project ranks third among DeFi protocols in terms of revenue generation, behind only Tether and Circle.

Although it has surpassed Hyperliquid in the short term, its rival still outperforms in 7- and 30-day cumulative revenue metrics. This contrast highlights Pump.fun's recent recovery after a period of sharp decline since its January peak, when it reached over $6,7 million in daily revenue.

The platform, launched in 2024 on the Solana blockchain, gained notoriety by simplifying the creation of memecoins through fees on token launches, initial liquidity provisions, and subsequent transactions. After months of decline, which led to revenue bottoming out at just $206 on August 1st, Pump.fun found new life with a new buyback program.

Since July 2025, the company has allocated 100% of its daily revenue to buy back its native token, PUMP, increasing the policy from a previous 25%. In less than two months, approximately $97,4 million worth of tokens have been removed from circulation, equivalent to 6,67% of the total supply. This move has a direct impact on the asset's price, which has appreciated 53,9% since then.

The latest revenue of $3,38 million represents the highest level since February, reinforcing the program's effectiveness in stimulating demand for the token and generating liquidity on the platform. PUMP is currently trading at $0,008354, according to market data, reflecting the combination of an aggressive buyback strategy and the return of user interest in creating and trading memecoins through Pump.fun.