PumpFun Surpasses Ethereum in Fee Revenue, Captures $294M Year-to-Date
In a surprising twist in the blockchain fee economy, PumpFun has overtaken Ethereum in cumulative fee revenue for 2025.
According to data, PumpFun has generated $294.3 million in fees year-to-date—surpassing Ethereum’s $248.7 million.
This marks a major moment in on-chain user behavior, suggesting growing traction for newer, community-driven platforms challenging Ethereum’s long-standing dominance in protocol revenue.
9 Weeks Straight of Fee Dominance
Beyond the year-to-date totals, PumpFun has now:
- Outearned ETH for nine consecutive weeks in weekly fees.
- Maintained a steady lead even as Ethereum briefly surged in early 2025.
The chart from Token Terminal shows weekly fee activity:
- PumpFun’s fee line (green) consistently stays above Ethereum’s (blue) since early March.
- This ongoing lead reflects sustained user activity, likely driven by the platform’s gamified minting model, aggressive viral growth, and high turnover of microtransactions.
Why It Matters
Ethereum has historically led all chains in fee revenue, a metric often tied to network utility, congestion, and demand. For PumpFun to dethrone Ethereum—at least temporarily—suggests a seismic user shift toward newer, more engaging blockchain applications.
However, sustainability remains in question. Will PumpFun’s momentum hold, or is this a peak in speculative mania?
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
