Latest data shows that PumpFun's daily fee revenue has surpassed that of the well-known DEX Uniswap, second only to Tether and Circle, which focus on stablecoin business. This remarkable rise is not only reflected in the fee revenue, but PumpFun's protocol income has also jumped to fourth place in the industry, quickly narrowing the gap with Hyperliquid.

It is worth noting that although PumpFun performs well in terms of revenue, its token $PUMP has a circulating market cap of only $1.9 billion, which is far lower than $HYPE's $15 billion. This huge valuation gap may suggest that there is potential upside for $PUMP.

Currently, PumpFun is conducting a real token buyback program, which seems to have received a positive response from the market, with its token price demonstrating strong resilience. As competition in the DeFi space intensifies, PumpFun's rapid rise undoubtedly injects new vitality into the entire industry and provides investors with new opportunities.

However, while investors pay attention to these positive signals, they should also fully recognize the high-risk characteristics of the cryptocurrency market, carefully assess, and make informed investment decisions.