Pump.fun revenue falls; Collector Crypt posts $5.1M week

Pump.fun’s gross revenue dropped to $69.2 million Q2-to-date from $108.3 million in Q1, a 36.1% decline, while Collector Crypt reported $5.1 million in seven-day revenue and $25.8 million Q2-to-date, a 108.8% increase compared with Q1.

DefiLlama data show the broader Pump stack, which includes Pump.fun, PumpSwap and Terminal, generated $179.3 million in gross protocol revenue Q2-to-date, down 37.5% from $287.1 million in the first quarter. Net earnings across the Pump stack fell to $79.1 million Q2-to-date from $120.9 million in Q1. Pump.fun’s cumulative revenue has passed $1 billion and the combined Pump stack has generated $1.18 billion since launch.

Pump.fun uses a bonding-curve mechanism to bootstrap liquidity for new token launches and collect fees on initial sales, secondary trades, graduations and special activity. The protocol continues to process hundreds of millions in DEX volume each month through that issuance and trading loop.

Collector Crypt is a Solana protocol that mints tokenized versions of physical trading cards sold in randomized packs. The protocol recorded $12.3 million in Q1 revenue and $25.8 million Q2-to-date. DefiLlama’s tracking shows more than 215,000 tokenized packs opened in a single week and cumulative revenue above $50 million. The platform reports that over 30% of users have redeemed the physical cards tied to digital packs.

Collector Crypt’s seven-day revenue of $5.1 million is about 38% of its roughly $13.5 million 30-day total, compared with Pump.fun’s seven-day share of 22.8% of its 30-day revenue. Collector Crypt’s recent 30-day DEX volume accounts for approximately 88.3% of its $123.5 million cumulative DEX volume; Pump.fun’s recent 30-day volume is about 1.4% of its much larger cumulative issuance.

Market metrics for Collector Crypt’s token CARDS showed the token near $0.259, up about 47% over seven days, with about $10.4 million in 24-hour trading volume, a market capitalization near $66.8 million and an all-time high of $0.38. DefiLlama lists Collector Crypt holders’ revenue as zero and has disabled certain tracking until the protocol’s buyback hub wallet provides confirmation.

The top seven tokenized trading-card platforms generated about $230 million in gacha sales in May 2026, up sevenfold year over year, with Solana accounting for 64% of that volume.

DefiLlama’s quarter-to-date snapshot shows Pump.fun and the broader Pump stack remain the larger historical revenue engines on Solana, while Collector Crypt’s concentrated recent growth has moved it into the chain’s app-revenue rankings.