Solana memecoin launchpad Pump.fun saw a significant drop in monthly revenue in July, hitting a low not seen since 2025. Data from DefiLlama shows revenue fell to $24.96 million, down 80% from its peak of $130 million in January. The memecoin sector experienced a sharp decline in interest overall.

Memecoin trading volume dropped 67% from its peak in July, according to CoinMarketCap data. The sector briefly hit a high of $85 billion in market capitalization and $17.22 billion in 24-hour trading volume on July 23. However, these numbers decreased to $65 billion and $5.59 billion respectively.

Solana network, home to top memecoin launchpads, saw a drop in new tokens created in August. Solscan data revealed only about 34,040 Solana Program Library (SPL) tokens minted on Saturday, the lowest daily mint in the last three months. This decline aligns with the broader decrease in memecoin interest.

Trading activity on Solana’s major memecoin platforms has decreased significantly. Pump.fun and LetsBonk both experienced drops in daily traders and volume since July. Pump.fun saw a 62% drop in traders and a 56% decline in volume, while LetsBonk had a 25% increase in traders but nearly a 10% decrease in volume compared to July 9.

Read more at Cointelegraph: Pump.fun Revenue Hits 2025 Low as Memecoin Hype Fades