The average daily handling fee of pump.fun plummeted by 30% compared with last week, affected by factors such as the overall market decline.
2024-06-26 23:10
Odaily News On June 27, pump.fun’s average daily fees for the last week (June 10-14) were approximately $870,000. However, this week’s platform’s average daily fees fell to approximately $605,000, a 30% decrease from the previous week. This decline can likely be attributed primarily to the adverse impact of broader market conditions and a general decrease in risk appetite among users as the price of SOL fell 2.21% during the week. This significant decrease in risk appetite is particularly significant for a platform like pump.fun, as it represents the most extreme point of the risk curve in the industry. The assets involved and deployed on the platform are often of the most speculative nature, attracting participants who are looking to make a quick profit, but also quickly retreat to avoid risk when the market deteriorates. Additionally, the significant drop in revenue compared to the previous week indicates a corresponding decrease in token deployments and overall activity, which may indicate that the platform and the tokens it hosts have reached a state of saturation. With an excessive amount of new tokens being deployed, demand and attention may have reached a point where the platform is unable to keep up with the deployment of new tokens.
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