1 month ago
22
Key Takeaways
- Pump’s full stack generated $4.82M daily fees.
- Hyperliquid produced $2.37M in daily revenue.
- Eligible fees automatically purchase and burn HYPE.
- Both platforms monetise trading through distinct mechanics.
- Pump’s reported PUMP buybacks reached $941,387.
Gross Fees Make a Misleading Headline
The headline numbers suggest Pump is pulling far ahead of Hyperliquid, but raw fee totals mask a clear shift in actual protocol revenue.
DefiLlama’s Pump dashboard showed $4.82 million in 24-hour fees across its full platform, combining Pump.fun, PumpSwap, and Terminal. Over the same rolling window, Hyperliquid generated $2.94 million. On gross fees alone, Pump wins by roughly 64%.
Revenue flips the script. Hyperliquid’s dashboard listed $2.37 million in daily revenue, beating Pump’s $1.84 million by $530,000 (roughly 29%).
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