Pump.fun, a Solana-based token launchpad, generated $18.6 million in weekly protocol revenue as of October 7, according to DefiLlama data. A Talos study found that 81% of tracked memecoins fell at least 90% from their all-time highs, with only 5 out of 151 tokens remaining above their first-day price. The median token peaked approximately 17 days after centralized exchange trading began, taking roughly 370 days to decline by 95%. Active addresses holding at least $1 now represent at most 7% of their respective peaks. Over 30 days, traders paid approximately $184.5 million in fees, with the protocol capturing $60.7 million in revenue.
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