PumpFun Graduation Rate Crashes 80% as Solana Fees Sink to 5,300 SOL in June

TLDR

Table of Contents

PumpFun’s token graduation rate fell to 0.26% after an 80% decline over three months period.
The Block data shows platform revenue dropped to about $800,000 daily so far in June.
Solana average daily fees fell from roughly 33,000 SOL in January to 5,300 SOL June.
NS3.AI said the graduation-rate decline represented about 80% over the recent three-month stretch for PumpFun.
The slowdown coincided with reduced memecoin activity and possible movement toward perpetual contract venues elsewhere.

PumpFun’s token graduation rate has fallen about 80% over the past three months, reaching 0.26%, according to data from The Block and figures cited by NS3.AI. The decline marks a major slowdown for the Solana-based memecoin launchpad, which previously drove large volumes of token creation and trading activity. Token graduation refers to the share of launched tokens that meet the required threshold to move into wider decentralized exchange trading.

The fall in the PumpFun graduation rate shows that fewer tokens created on the platform are reaching the stage where they gain broader market access. This metric is closely watched because it helps measure whether new memecoin launches are attracting enough trading demand and liquidity. A lower graduation rate can also indicate weaker participation from traders who previously focused on fast-moving Solana memecoins.

The Block data shows that PumpFun’s activity has continued to weaken across several core measures. Average daily revenue has dropped to about $800,000 so far in June, compared with roughly $4.8 million six months ago. That decline places current revenue more than 80% below the earlier level reported for the platform.

PumpFun Graduation Rate Falls 80% in Three Months, Solana Daily Fees Drop to 5,300 SOL

Data from The Block shows that key metrics for Solana-based memecoin launchpad PumpFun have continued to decline. Its token graduation rate fell about 80% over the past three months to 0.26%,… pic.twitter.com/nlHw9RsAft

— Wu Blockchain (@WuBlockchain) June 16, 2026

Solana daily fees drop to 5,300 SOL

The slowdown in PumpFun activity has coincided with a drop in average daily fees on the Solana network. The Block data shows that Solana average daily fees declined from around 33,000 SOL in January to approximately 5,300 SOL in June. PumpFun had been one of the main sources of activity on Solana during the peak of memecoin trading.

Solana’s fee revenue is connected to network usage, including token launches, swaps, and related trading activity. When fewer users create and trade tokens through high-volume platforms, the amount of fee-generating activity on the network can move lower. The June figure of about 5,300 SOL indicates a smaller fee base than the level recorded at the start of the year.

PumpFun’s lower graduation rate and revenue figures provide one explanation for the change in Solana daily fees. The platform’s earlier growth helped bring users, liquidity, and frequent transactions to the network. The more recent data shows a reduced level of participation from the memecoin segment that had supported part of Solana’s fee activity.

Traders shift away from memecoin launches

The Block also reported that some capital that previously moved into Solana memecoin trading may have shifted toward perpetual contract platforms. Hyperliquid was mentioned as one venue attracting interest in crypto, stock, and commodity-linked perpetual markets. This change would help explain why speculative trading activity has not remained concentrated in PumpFun launches.

PumpFun remains a known name in Solana token creation, but its recent data shows that platform momentum has weakened. The 0.26% graduation rate, lower daily revenue, and reduced Solana network fees all point to a quieter period for memecoin launches. The figures do not show whether the trend will continue through later months.

For now, the main market angle remains clear: PumpFun graduation rate falls 80% in three months, while Solana daily fees drop to 5,300 SOL. The data gives traders and market observers a measurable view of how much activity has moved away from the launchpad. It also shows how changes in one major Solana application can appear across broader network fee data.

✨ Limited Time Offer