{"id":19843,"date":"2025-03-12T07:30:12","date_gmt":"2025-03-12T07:30:12","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2025\/03\/12\/pump-fun-revenue-declining-is-liquidity-flowing-to-bnb-chain\/"},"modified":"2025-03-12T07:30:12","modified_gmt":"2025-03-12T07:30:12","slug":"pump-fun-revenue-declining-is-liquidity-flowing-to-bnb-chain","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2025\/03\/12\/pump-fun-revenue-declining-is-liquidity-flowing-to-bnb-chain\/","title":{"rendered":"Pump.fun Revenue Declining \u2013 Is Liquidity Flowing to BNB Chain?"},"content":{"rendered":"<p><\/p>\n<div>\n<div>\n<p><span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3\"><span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3 r-a8ghvy\">Pump.fun, the popular memecoin platform on Solana, has seen its revenue plummet dramatically in less than two months. This decline persists despite the price of SOL holding strong at $203.86, signaling a potential crisis in the Solana memecoin market. Amid rising legal issues, controversies, and market saturation, new alternatives like BNB Chain and Four.meme are emerging as promising destinations for investors. Join NFTevening as we dive into the reasons behind this shift.<\/span><\/span><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Current_Situation_Pumpfun_Revenue_Drops_Sharply\"\/><b>Current Situation: Pump.fun Revenue Drops Sharply<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Data from <\/span><a href=\"https:\/\/defillama.com\/fees\/pump\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">DefiLlama<\/span><\/a><span style=\"font-weight: 400;\"> shows that Pump.fun\u2019s 24-hour fees have dropped to just $110,726, a significant decline from its peak of $15.5 million in January 2025. The decline occurs despite SOL\u2019s price remaining high ($203.86 as of March 10, 2025), indicating that the memecoin market on Solana might be facing difficulties.<\/span><\/p>\n<div id=\"attachment_148191\" style=\"width: 1768px\" class=\"wp-caption aligncenter\"><\/p>\n<p id=\"caption-attachment-148191\" class=\"wp-caption-text\">Source: Dune<\/p>\n<\/div>\n<div id=\"attachment_148192\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-148192\" class=\"wp-image-148192 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/Solana-Eco.jpeg\" alt=\"Current Situation: Pump.fun Revenue Drops Sharply\" width=\"1200\" height=\"702\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-148192\" class=\"lazyload wp-image-148192 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/Solana-Eco.jpeg\" alt=\"Current Situation: Pump.fun Revenue Drops Sharply\" width=\"1200\" height=\"702\"\/><\/p>\n<p id=\"caption-attachment-148192\" class=\"wp-caption-text\">Source: Messari<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Reasons_Behind_Pumpfuns_Revenue_Decline\"\/><b>Reasons Behind Pump.fun\u2019s Revenue Decline<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Legal Issues and Controversies:<\/b><span style=\"font-weight: 400;\"> Pump.fun is facing lawsuits, bans from the UK Financial Authority, and controversies over livestream content, leading to a loss of user trust.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Market Downturn:<\/b><span style=\"font-weight: 400;\"> The recent dump of BTC and altcoins may have drained traders\u2019 capital, leaving them with insufficient cash to trade memecoins, a high-risk sector.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Is Solana Losing Its Degen Appeal?<\/b><span style=\"font-weight: 400;\"> The price of Solana\u2019s tokens has been declining, and the 24-hour trading volume on Solana-based DEXs has dropped to $1.94 billion, with Pump.fun\u2019s specific volume down to just $95.8 million.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Future_Outlook_and_Comparison_with_BNB_Chain\"\/><b>Future Outlook and Comparison with BNB Chain<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">BNB Chain is currently experiencing growth, with application revenue reaching $16.5 million in February 2025, while Solana\u2019s revenue has declined by more than 50% (according to Cointelegraph\u2019s X post). Four.meme on BNB Chain serves as a successful example, and while Pump.fun may consider expanding, there has been no official announcement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Example: <\/span><a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0xdb25c09d96c165b62f6e6f9d9b17174738d897ba\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">$Broccoli<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.dexview.com\/bsc\/0x81bdaF9305143DB5AaA28F7915988BaE375265FC\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">$Grok<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0xc8fb24790441bece71601b195e68c2b318a05d7d\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">$Blub<\/span><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Detailed_Research_Report\"\/><b>Detailed Research Report<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<h3><b>Background and Current Data<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Pump.fun, a memecoin launchpad on the Solana blockchain, gained significant attention in early 2024 due to its ease of token creation and low fees. However, according to DefiLlama data, its 24-hour fees have now dropped to just $110,726\u2014down from an all-time high of $15.5 million on January 24, 2025 (as per <\/span><a href=\"https:\/\/coinmarketcap.com\/academy\/article\/pumpfun-sets-record-with-dollar155-million-in-fees-following-anniversary\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">). This decline comes at a time when SOL\u2019s price remains strong ($203.86 as of March 10, 2025, per Binance), suggesting that the issue lies within memecoin activity rather than SOL\u2019s valuation.<\/span><\/p>\n<h3><b>Analysis of Revenue Decline Causes<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Several key factors contribute to this decline:<\/span><\/p>\n<h4><b>Legal and Regulatory Challenges<\/b><\/h4>\n<ul>\n<li><b>Ongoing Lawsuits:<\/b><span style=\"font-weight: 400;\"> Pump.fun is facing class-action lawsuits, including allegations of selling unregistered securities. The platform has reportedly generated nearly $500 million in fees, leading to legal scrutiny.<\/span><\/li>\n<li><b>Regulatory Bans:<\/b><span style=\"font-weight: 400;\"> The UK Financial Authority banned Pump.fun in late 2024, significantly reducing its user base.<\/span><\/li>\n<\/ul>\n<div id=\"attachment_148144\" style=\"width: 2284px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-148144\" class=\"wp-image-148144 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-11-at-2.33.30\u202fPM.png\" alt=\"Analysis of Revenue Decline Causes\" width=\"2274\" height=\"1068\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-148144\" class=\"lazyload wp-image-148144 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-11-at-2.33.30\u202fPM.png\" alt=\"Analysis of Revenue Decline Causes\" width=\"2274\" height=\"1068\"\/><\/p>\n<p id=\"caption-attachment-148144\" class=\"wp-caption-text\">Source: Defillama<\/p>\n<\/div>\n<h4 style=\"text-align: left;\"><b>Controversies and Reputation Damage<\/b><\/h4>\n<ul>\n<li><b>Livestream Issues:<\/b><span style=\"font-weight: 400;\"> Pump.fun\u2019s livestream feature has sparked controversy, featuring disturbing content such as self-harm threats and animal abuse. This led to a ban on livestreams and a 33% revenue drop<\/span><span style=\"font-weight: 400;\">, further shaking community trust.<\/span><\/li>\n<li><b>Exploitation Scandal:<\/b><span style=\"font-weight: 400;\"> A hacker involved in a Pump.fun-related exploit was arrested in London, adding to the platform\u2019s instability (<\/span><a href=\"https:\/\/www.theblock.co\/post\/295270\/pump-fun-exploiter-reportedly-arrested-in-london-addresses-scandal-in-x-post\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">The Block<\/span><\/a><span style=\"font-weight: 400;\">).<\/span><\/li>\n<\/ul>\n<h4><b>Market Saturation and Investor Fatigue<\/b><\/h4>\n<ul>\n<li><span style=\"font-weight: 400;\">The memecoin market on <a href=\"https:\/\/nftevening.com\/solana-price-prediction\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener\">Solana<\/a> may have become oversaturated, with over 6 million tokens launched. The phenomenon has resulted in an increase in scam tokens, intense competition, and reduced attractiveness.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Investors may be running out of capital following previous trading cycles, especially in a speculative sector like memecoins.<\/span><\/li>\n<\/ul>\n<h4><b>Declining Hype on Solana<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Solana\u2019s ecosystem, once known for its \u201cdegen\u201d culture, may be losing its appeal as investors shift to other chains like BNB Chain.<\/span><\/p>\n<h3><b>Comparison with BNB Chain and Four.meme<\/b><\/h3>\n<p class=\"p1\"><b>The Importance of Memecoins in a Bear Market<\/b><b\/><\/p>\n<p class=\"p1\">Memecoins like Dogecoin, Shiba Inu, and emerging tokens such as MOODENG are often seen as speculative assets. Unlike traditional cryptocurrencies, memecoins rely heavily on community engagement and social media virality rather than technological advancements. According to <a href=\"https:\/\/www.chaincatcher.com\/en\/article\/2152953\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">ChainCatcher<\/a>, memecoins achieved an average return of +1300% in 2024, demonstrating their strong appeal amid market volatility.<\/p>\n<p class=\"p1\">During bearish market conditions, when Bitcoin and Ethereum decline in value, memecoins can emerge as an alternative investment option due to their viral nature and rapid profit potential. For instance, in 2021, despite signs of market downturns, memecoins experienced massive growth, fueled by online communities and influencers like Elon Musk.<\/p>\n<p class=\"p3\"><b>Comparing BNB Chain and Solana Performance<\/b><b\/><\/p>\n<p class=\"p1\">BNB Chain is experiencing significant growth, particularly in the dApp and memecoin sectors. According to Cointelegraph, BNB Chain\u2019s application revenue reached $16.5 million in February 2025, reflecting increased trading activity and liquidity.<\/p>\n<div id=\"attachment_148190\" style=\"width: 2250px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-148190\" class=\"wp-image-148190 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-11-at-8.25.08\u202fPM.jpg\" alt=\"Comparison with BNB Chain and Four.meme\" width=\"2240\" height=\"1220\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-148190\" class=\"lazyload wp-image-148190 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-11-at-8.25.08\u202fPM.jpg\" alt=\"Comparison with BNB Chain and Four.meme\" width=\"2240\" height=\"1220\"\/><\/p>\n<p id=\"caption-attachment-148190\" class=\"wp-caption-text\">Source: Defillama BNB Chain<\/p>\n<\/div>\n<p class=\"p1\">On the other hand, Solana, once the top memecoin platform thanks to Pump.fun, is facing a decline in revenue. Data from<a href=\"https:\/\/defillama.com\/chart\/chain\/Solana?chainRevenue=true&amp;tvl=true&amp;appRevenue=false&amp;groupBy=weekly\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"> Defillama<\/a> shows a drop of over 50%, potentially due to decreased dApp activity, particularly in memecoins. This shift highlights BNB Chain\u2019s growing appeal as a more robust ecosystem for memecoin projects.<\/p>\n<div id=\"attachment_148187\" style=\"width: 1426px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-148187\" class=\"wp-image-148187 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-11-at-8.12.30\u202fPM.png\" alt=\"Comparison with BNB Chain and Four.meme\" width=\"1416\" height=\"868\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-148187\" class=\"lazyload wp-image-148187 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-11-at-8.12.30\u202fPM.png\" alt=\"Comparison with BNB Chain and Four.meme\" width=\"1416\" height=\"868\"\/><\/p>\n<p id=\"caption-attachment-148187\" class=\"wp-caption-text\">Source: Defillama Solana Chain<\/p>\n<\/div>\n<p class=\"p3\"><b>Pump.fun\u2019s Controversy and Four.meme\u2019s Opportunity<\/b><b\/><\/p>\n<p class=\"p1\">Pump.fun, a Solana-based memecoin launch platform, once thrived, creating over 5 million tokens, according to Decrypt. However, it has recently been embroiled in controversy due to its livestream feature, where users engaged in extreme behavior, including suicide threats, violence, and illegal activities to promote tokens, as reported by Bankless. This led to a suspension of the livestream feature in November 2024, damaging Pump.fun\u2019s reputation and raising user safety concerns. Weekly revenue dropped 66%, from $11 million to $6 million.<\/p>\n<p class=\"p1\">Meanwhile, <span class=\"s1\">Four.meme<\/span>, the first memecoin launchpad on BNB Chain (as cited by <a href=\"https:\/\/dappbay.bnbchain.org\/detail\/four-meme\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">DappBay<\/a>), is gaining traction as a safer and more stable alternative. Four.meme operates with greater transparency and avoids the ethical concerns surrounding Pump.fun. Backed by BNB Chain\u2019s expansive ecosystem, it has a 2025 technical roadmap focused on faster transactions and AI integration, according to BNB Chain Blog. This creates a favorable environment for memecoin growth, especially as Solana faces declining engagement.<\/p>\n<p class=\"p3\"><b>Why BNB Chain Is the New Hotspot for Memecoins<\/b><b\/><\/p>\n<p class=\"p1\">BNB Chain offers lower transaction fees than Solana in some cases, coupled with strong community support and powerful dApp development tools. According to YCharts, the average transaction fee on BNB Chain in February 2025 was <span class=\"s1\">0.0005 BNB<\/span> (~$0.33 per transaction, with BNB priced at $546). While Solana\u2019s fees are lower at <span class=\"s1\">$0.00125 per transaction<\/span>, as per Solana Compass, BNB Chain compensates with a more stable ecosystem and initiatives like the <span class=\"s1\">TVL Incentive Program<\/span> (reported by BNB Chain), attracting liquidity and memecoin investors.<\/p>\n<p class=\"p1\">Additionally, BNB Chain is seeing a surge in memecoin activity, with Four.meme playing a central role. According to DappBay, Four.meme has successfully launched multiple memecoins, leveraging BNB Chain\u2019s ecosystem to attract users. This shift in liquidity suggests that <span class=\"s1\">BNB Chain is becoming the new hotspot for memecoin investors<\/span>.<\/p>\n<h3><b>Pump.fun\u2019s Future Prospects<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Pump.fun has taken steps to improve its platform, such as launching \u201cPump Advanced,\u201d an advanced trading terminal, and planning its own token release. However, no official plans have been announced regarding expansion to other blockchains like BNB Chain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There is speculation that Pump.fun could follow Four.meme\u2019s model, but the scenario remains uncertain and carries high risks due to the speculative nature of memecoins.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"\/><b>Conclusion<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Pump.fun\u2019s revenue decline highlights significant challenges, including legal troubles, controversies, and market saturation. Meanwhile, BNB Chain and Four.meme are attracting more liquidity, signaling a potential shift in the memecoin sector.<\/span><\/p>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/pump-fun-revenue-decline\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=pump-fun-revenue-decline\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pump.fun, the popular memecoin platform on Solana, has seen its revenue plummet dramatically in less than two months. This decline persists despite the price of SOL holding strong at $203.86, signaling a potential crisis in the Solana memecoin market. Amid rising legal issues, controversies, and market saturation, new alternatives like BNB Chain and Four.meme are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/pump-fun.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/19843"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=19843"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/19843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/19844"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=19843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=19843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=19843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}