Solana-based memecoin launchpad Pump has crossed $10 million in weekly protocol fees for the first time, while Hyperliquid’s HyperEVM posted a record $538,080 in daily network fees, underscoring shifting revenue momentum across specialized DeFi and layer-1 ecosystems.
According to DefiLlama data cited by BitcoinWorld, Pump generated more than $10 million in fees during the week of August 3–9, surpassing Hyperliquid’s weekly revenue in the same period. The milestone highlights the explosive speculative activity around memecoin issuance on Solana, where Pump has become a primary launchpad for new tokens. Its fee structure charges a small percentage on trades, and sustained user engagement has pushed it among the top revenue-generating protocols in crypto, traditionally dominated by names like Uniswap and Aave.
Meanwhile, HyperEVM — the Ethereum Virtual Machine environment on Hyperliquid’s HYPE-native layer-1 blockchain — recorded $538,080 in daily fees on Aug. 23, its first close above $500,000. The increase reflects growing on-chain usage from dApps and DeFi protocols launching on the network. Hyperliquid ties a portion of network fee revenue to buybacks and burns of HYPE, reducing circulating supply and potentially increasing scarcity. This deflationary mechanism directly links fee growth to tokenholder value.
For Solana, Pump’s fee record is a positive signal that the network can support high-frequency retail trading applications, potentially attracting developers and liquidity. For Hyperliquid, the record day supports the fundamental case for HYPE, although a single daily high does not guarantee sustained activity. Both developments illustrate how niche-focused protocols can generate significant short-term revenue, but they also highlight the volatility of sentiment-driven and fee-dependent business models.
