Pump.fun's daily average transaction fee plummeted by 30% compared to last week, which may be caused by factors such as the overall market decline.

CoinVoice recently learned that according to The Block, last week (June 10-14), pump.fun's average daily fees were about $870,000. However, this week's platform's average daily fees fell to about $605,000, a 30% drop from the previous month.

This drop is likely primarily attributable to the adverse impact of broader market conditions, as well as a general lower risk appetite among users as SOL prices fell 2.21% during the week. This significant drop in risk appetite is particularly important for a platform like pump.fun, as it represents the most extreme point of the risk curve in the industry.

The assets involved and deployed on the platform are often of the most speculative nature, attracting participants who are looking to make a quick profit, but who also quickly retreat to avoid risk when the market deteriorates.

Additionally, the significant drop in revenue compared to the previous week indicates a corresponding decrease in token deployments and overall activity, which may indicate that the platform and the tokens it hosts have reached a state of saturation. With so many new tokens being deployed, demand and interest may have reached a point where the platform is unable to keep up with the deployment of new tokens. [Original link]