Pump.fun tops the list as Solana app revenues reach $2.4 billion in 2025
Pump.fun emerged as a top‑earning Solana app, ranking among seven applications that each generated over $100 million in 2025. The launchpad helped lift total launchpad revenue to $762 million, doubling year‑over‑year. Alongside five other launchpads, it recorded more than $1 billion in trading volume, cementing its role in the meme‑coin boom. Launchpads collectively minted 11.6 million tokens in 2025, more than twice the previous year, though only 0.89 % moved beyond bonding‑curve launches. Meme‑coin trading volume fell 10 % to $482 billion but remained roughly 80 times higher than two years earlier. Pump.fun’s activity contributed significantly to this surge in token issuance. Total app revenue on Solana hit an all‑time high of $2.39 billion, up 46 % YoY, with Axiom Exchange, Meteora, Raydium, Jupiter, Photon and Bullx each surpassing $100 million. Network fees dropped, the median fee falling to $0.0011, while non‑vote transactions reached 33 billion, averaging 1,054 per second. Daily active wallets grew 50 % to 3.2 million, stablecoin supply doubled to $14.8 billion, and DEX volume topped $1.5 trillion.
