Data from Dune shows Pump.fun maintained daily token creation above 20,000 throughout December 2025. The Dec. 2 figure of more than 25,000 tokens represented the highest single-day count since mid-September.

Revenue and decentralized exchange volume on the platform remain down more than 80% compared to early 2025. Active wallet addresses have held steady at around 100,000 on average since August despite multiple liquidation events during that period.

Michael Nadeau, founder of The DeFi Report, compared user retention metrics between Pump.fun and traditional Web2 applications.

Pump.fun achieved 12.4% retention in Week 4 and 11.4% in Week 8, while Web2 consumer applications typically show 5% to 10% retention in Week 4 and 2% to 5% in Week 8.