According to BlockBeats, on June 27, pump.fun's average daily fees last week (June 10-14) were about $870,000. However, this week's platform's average daily fees fell to about $605,000, a 30% decrease from the previous month. This decline can be mainly attributed to the adverse impact of broader market conditions and the 2.21% drop in SOL prices during the week, which led to a general reduction in users' risk appetite.
The significant drop in risk appetite is particularly important for platforms 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 looking to make quick profits, but who are also quick to retreat to avoid risks 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 could 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 new token deployments.
