Pump.fun, the Solana-based platform that lets users create and trade tokens through bonding curves, earned $10.03 million in protocol fees during the week of Aug. 3 to 9, marking the first time its weekly total has exceeded $10 million under its current reporting method.

The figure was up 12% from the previous week, and Pump.fun described the period as its “first week above $10M” in its latest newsletter. Independent data from DefiLlama also showed growth, although its measurement window was not identical. DefiLlama recorded $10.49 million in Pump protocol revenue over its own seven-day period.

— Sapijiju (@sapijiju) August 10, 2026

Pump.fun said its revenue over the past 30 days reached $35.67 million, putting it ahead of Hyperliquid’s $32.46 million over the same stretch. Both rank among the top fee-generating protocols in crypto, though the comparison is not exact because the two platforms are measured differently. Pump.fun’s figure includes bonding curve fees, PumpSwap fees and Terminal fees, while Hyperliquid’s revenue mostly reflects fees sent to its Assistance Fund for HYPE purchases.

Pump.fun’s gross fees over the last 30 days were significantly higher at $88.87 million. That broader total includes fees across the wider ecosystem, not only the platform’s own revenue.

Trading activity also strengthened during the week. Pump.fun reported $2.97 billion in ecosystem volume, its highest level since late January. Of that total, bonding curve trading accounted for $751.6 million, while PumpSwap processed $2.22 billion.

The platform also continued its buyback program. During the week, Pump.fun spent $5.02 million to buy back and burn about 2.15 billion PUMP tokens. The buybacks are part of a policy that directs half of platform revenue to token repurchases through a locked smart contract.

Social trading just leveled up on the Pumpfun app! – Callout tokens, alert EVERY single follower – Trade with ZERO fees – Trade crosschain seamlessly with USDC Grow your following now pic.twitter.com/lZGWozPCEY — Pump.fun (@Pumpfun) August 7, 2026

Pump.fun said its total buybacks and burns have now removed 15.7% of PUMP’s original supply. DefiLlama’s tracking showed a similar but not identical figure, recording $5.16 million flowing to PUMP holders through burns over its seven-day window.

PUMP was trading near $0.0028 on Aug. 11. The token rose 33.8% over the past week and 104.1% over the past month, giving it a market capitalization of about $1.1 billion. Even after those gains, the token remained about 68% below the record high it reached in September 2025.

The move higher came alongside the increase in fees, although the report does not establish a causal link between the two.

A new token unlock is scheduled for Aug. 12. According to DefiLlama data, 4.167 billion PUMP tokens allocated to the team and 2.708 billion tokens allocated to investors will become unlocked on that date. The combined 6.875 billion tokens were valued at about $19.2 million at recent prices, representing roughly 1.75% of circulating supply. Token unlocks increase the number of coins available to trade, and market participants typically watch them for their potential effect on liquidity.

Pump.fun has also expanded its social trading features. On Aug. 7, it launched token callouts, zero-fee trading and cross-chain trades funded with USDC. In its newsletter, the platform said callouts rose 44% during the week, while replies increased 87%.

The company still faces a separate legal case in the United States. Aguilar v. Baton Corporation Ltd. is filed in the Southern District of New York, and the last known filing date was April 13, 2026. Plaintiffs allege securities violations tied to tokens sold on the platform. Those allegations have not been proven in court. The case is part of a broader pattern of U.S. litigation targeting token issuance and trading platforms over whether certain digital assets qualify as securities under federal law.

The next test for Pump.fun’s revenue trend will come with Wednesday’s token unlock, which will show whether trading activity can hold up as new supply enters the market.