What is PumpFun's graduation rate?

The graduation rate is the share of tokens minted on PumpFun that reach a tradable liquidity threshold. It fell roughly 80% over three months to 0.26%, per The Block data.

How much has PumpFun's daily revenue dropped?

Average daily revenue on PumpFun slid to about $800,000 in June 2025, down from roughly $4.8 million six months earlier, according to The Block.

How much have Solana's daily fees fallen?

Average daily fees on the Solana network declined from about 33,000 SOL in January 2025 to roughly 5,300 SOL in June, per The Block.

Why does PumpFun's slowdown matter for Solana?

Memecoin launches have been a major driver of Solana on-chain activity, and PumpFun sits at the center of that flywheel. A shrinking graduation rate means fewer follow-on trades, pool migrations, and fee events feeding SOL-denominated revenue.

What does this mean for SOL price?

With network fees running at a fraction of January's level, validator economics tighten and the link between SOL price action and on-chain activity weakens. The June fee floor is a more relevant positioning signal than the headline price chart.

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WuBlockchain

PumpFun Token Graduation Rate Plunges 80% in Three Months

PumpFun's token graduation rate has fallen roughly 80% over the past three months, dropping to 0.26%, according to data…

Zipp Editorial Aggregated from WuBlockchain

PumpFun Token Graduation Rate Plunges 80% in Three Months

PumpFun's token graduation rate has fallen roughly 80% over the past three months, dropping to 0.26%, according to data from The Block. The decline tracks a broader cooldown in Solana memecoin activity: PumpFun's average daily revenue has slid to around $800,000 so far in June, down from roughly $4.8 million six months ago.

Why it matters

Memecoin launches have been a meaningful driver of Solana network economics through 2024 and into early 2025, and PumpFun sits at the center of that flywheel. With graduation rates — the share of minted tokens that reach a tradable liquidity threshold — collapsing to a sliver of their prior level, the launchpad is generating far fewer follow-on trades, pool migrations, and fee events that historically fed back into SOL-denominated network revenue.

Market impact

The read-through shows up directly on Solana's fee ledger: average daily fees generated on the network declined from about 33,000 SOL in January to approximately 5,300 SOL in June. That is the kind of revenue compression that pressures validator economics and tightens the loop that has tied SOL price action to on-chain activity for the past year. If PumpFun's graduation rate is the leading indicator it has been historically, the June fee floor is more relevant to near-term SOL positioning than the headline price chart.

$SOL #Solana #PumpFun #Memecoins

Frequently asked questions

What is PumpFun's graduation rate?

The graduation rate is the share of tokens minted on PumpFun that reach a tradable liquidity threshold. It fell roughly 80% over three months to 0.26%, per The Block data.
How much has PumpFun's daily revenue dropped?

Average daily revenue on PumpFun slid to about $800,000 in June 2025, down from roughly $4.8 million six months earlier, according to The Block.
How much have Solana's daily fees fallen?

Average daily fees on the Solana network declined from about 33,000 SOL in January 2025 to roughly 5,300 SOL in June, per The Block.
Why does PumpFun's slowdown matter for Solana?

Memecoin launches have been a major driver of Solana on-chain activity, and PumpFun sits at the center of that flywheel. A shrinking graduation rate means fewer follow-on trades, pool migrations, and fee events feeding SOL-denominated revenue.
What does this mean for SOL price?

With network fees running at a fraction of January's level, validator economics tighten and the link between SOL price action and on-chain activity weakens. The June fee floor is a more relevant positioning signal than the headline price chart.

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