Pump.fun Daily Protocol Revenue Surpasses Hyperliquid for the First Time

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Pump.fun topped the daily market report with $1.98 million in protocol revenue, narrowly surpassing Hyperliquid’s $1.96 million. The Solana-based memecoin platform outperformed the perpetual futures exchange in 24-hour income. Hyperliquid still leads in 7-day revenue. Market pricing for Hyperliquid’s year-end $100 target declined, with the YES probability dropping to 27.5% from 36% in a single day.
CoinDesk reports:

Over the past 24 hours, Pump.fun generated $1.98 million in protocol revenue, surpassing Hyperliquid’s $1.96 million. While this memecoin launch platform leads in daily metrics, Hyperliquid still holds the top position over the 7-day period.

Key points

  • Pump.fun leads in 24-hour revenue comparison.
  • Hyperliquid maintains an advantage in the 7-day revenue comparison.
  • The probability of YES for the prediction market on Hyperliquid's year-end goal has decreased to 27.5%.

Revenue comparison between Pump.fun and Hyperliquid

Pump.fun’s lead in daily revenue has positioned this Solana-based memecoin launch platform ahead of a major platform focused primarily on decentralized perpetual futures. Pump.fun’s offerings include token creation and fee-generating endpoints, while Hyperliquid operates mainly as a decentralized perpetual futures exchange.

Therefore, this comparison covers two different platform models. Pump.fun's revenue performance indicates strong engagement in memecoin-related activities.

7-day revenue and year-end market pricing

Despite trailing in 24-hour data, Hyperliquid remains ahead in seven-day revenue comparisons. Pump.fun’s daily revenue advantage over Hyperliquid does not extend to longer time periods.

Additionally, market pricing indicates a decline in confidence that Hyperliquid will reach its $100 target by the end of 2026. The probability of a "Yes" outcome on the December 31 prediction market dropped from 36% to 27.5% within 24 hours.

Meme coin participation behind daily results

Pump.fun's revenue performance indicates strong user interest and engagement in the memecoin segment. It leads on a daily basis, contrasting with Hyperliquid, which achieves a higher total revenue over a longer comparison window.

These data reflect different signals: protocol revenue measures platform activity, while prediction market probabilities reflect pricing around a specific year-end outcome. In this market, as of December 31, 2026, the probability of Hyperliquid reaching its $100 target is 27.5%.

This article was generated with the assistance of artificial intelligence and reviewed by the editorial team.

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