I'm the CEO of Baton Corporation, the DevCo that develops and maintains pump.fun.
Going forward, I'll be posting updates covering everything that is happening at pump.fun: the launchpad, ecosystem, mobile app, Terminal, GO, coin communities, as well as internal product achievements.
The goal is to improve visibility and give more spotlight to the parts of the organization that often go overlooked.
Revenue & $PUMP updates
- Protocol fees from the Bonding Curve, PumpSwap & Terminal totaled $7.20M for the week of June 29 to July 5.
- 50% of net fees are routed to programmatic $PUMP buybacks and burns via a locked smart contract.
- Over the past 7 days, $3.70M in $PUMP tokens was bought back & burned.
- In total, 41.80% of the total circulating supply has been bought back & burned.
Read more on $PUMP programmatic buyback & burns: https://x.com/Pumpfun/status/2049232506143006844?s=20.
Launchpad & PumpSwap
The Pump fun Bonding Curve & PumpSwap AMM continue to generate good volume despite market conditions:
Bonding Curve volume: $553M
PumpSwap volume: $1.65B
- The Tokenized Agent launch option was removed based on community feedback that the growing number of launch options led to needless PVP. Existing tokenized agent coins continue to function as normal.
The Pump fun ecosystem
- Ansem (@blknoiz06) returned to pump.fun, publicly claiming support for The Black Bull (ANSEM), and created a doxxed pump.fun account. The coin generated $112M in volume this past week and $183M since launching June 16, making it the biggest coin launched on pump.fun in the last three months, 4.5x the next largest launch. It peaked above a $430M market cap within three weeks of launch. This led to renewed activity across the ecosystem alongside many inactive users being reactivated.
The Pump fun app
- New swap service went live: transaction speed improved from 1-2s to 300-400ms
- New low-KYC onramp went live June 22: platform onramp transactions are up ~21% per day since launch, with 3,500+ completed transactions from 1,300+ unique wallets through the new flow in its first 10 days
Terminal
- Off-chain token indicators are live: coins deployed without the initial buy are now flagged in the UI and can be filtered out in Trenches
- Terminal is getting faster: initial JS bundle size reduced by 35% and the number of heavy browser tasks cut down
- Search modal improvements: active viewers shown per coin, filtering by wallets, and OG filter support
GO
- The recent GO launch video became the most viewed pump post ever, with 18M+ views on X. Since launch: ~3,000 bounties created, 18,000 submissions, and over $600k paid out to submitters, with rewards ranging from $10 to $70k . 6 of 10 bounties are linked to coins
- Bounty-linked coins outperform massively: a 32.7% graduation rate vs 0.82% for other new coins (a 40x difference), and the 578 bounty coins (0.07% of new coins since launch) have done $498M in volume, ~10% of all volume on coins created since GO went live
- Moderation: 600+ bounties and submissions removed for harmful content or policy violations
The $PUMP token does not represent a right to revenues or any other distribution from the Pump.fun platform. Entities affiliated with the pump.fun platform may purchase or sell $PUMP tokens from time to time, but are not under no obligation to do so. No token purchaser, holder or seller should rely on past purchases as an indication of future token purchases. See full disclaimer at https://pump.fun/pump-token.
