Pump.fun activity craters 80% in three months, dragging Solana fees lower as traders rotate into perps
Hex37's read
- Pump.fun activity has decreased by 80% in three months.
- This decline has led to lower transaction fees on the Solana network.
- Traders are shifting their focus towards perpetual futures trading.
What it means for traders
- The significant drop in Pump.fun activity suggests a potential rotation out of meme coin creation and into more established derivatives markets.
- Reduced on-chain activity on Solana could impact its fee revenue and potentially signal a cooling interest in its ecosystem for certain types of traders.
Affected markets
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