Pump.fun surpasses Hyperliquid in 7-day revenue as memecoin launchpad hits $10M weekly fees for first time

Pump.fun has crossed a threshold that would have seemed improbable even a year ago. The Solana-based memecoin launchpad generated more than $10 million in protocol fees during the week of August 3-9, 2026, the first time it has cleared that mark in a single week, according to DefiLlama data. That puts its 7-day revenue at roughly $12 million as of mid-August, ranking it third among all tracked protocols, behind only stablecoin giants Tether and Circle. Hyperliquid, the perpetuals-focused decentralized exchange and Layer 1 chain that has dominated DeFi revenue conversations, finished the same period below Pump.fun’s mark. The numbers behind the rivalry The 30-day picture tells a cleaner story. Pump.fun posted $35.67 million in 30-day revenue for August 2026, compared to Hyperliquid’s $32.46 million over the same window. That gap followed a 13-day streak in late July through August where Pump.fun led the 30-day revenue ranking, with its peak hitting $42.3 million against Hyperliquid’s $28.5 million during that run. At the daily level, Pump.fun co-founder Sapijiju pointed to July 23 as a clear benchmark: the platform earned $1.21 million that day versus Hyperliquid’s $1.03 million. Si...