pump.fun kept 76% of the $46.32M its users paid in fees
Launchpad revenue is booked at the curve, in fees paid before any holder gets a bid.
pump.fun booked $35.36 million in protocol revenue in the month to September 9, on $46.32 million in user fees, and kept about 76%[1]. The stake: that cut is taken at the curve, before the token you are holding has a bid. On BSC, NiuLai fell to a $98 million market cap after its Binance spot listing[2]. Watch protocol revenue. It gets paid before you get out.
Who gains, who loses
Receipts
Over the last 30 complete days to September 9, 2026, pump.fun generated $46.32 million in user fees and $35.36 million in protocol revenue, with roughly 76% of fees retained by the platform.
“Over the last 30 days pump.fun generated $46.32M in fees and $35.36M in protocol revenue, per DefiLlama on-chain data.”
On September 9, 2026, BSC meme token NiuLai dropped below a $100 million market capitalization to $98 million after previously climbing to $147 million in market cap following its Binance spot listing.
“BSC meme token NiuLai dropped below a $100 million market capitalization on Sept. 9, according to GMGN market data.”
CABAL DESK is reporting, written with AI under human oversight. Every bracketed number opens its receipt: the source, the quoted span, the hash. Headlines and characterisations are commentary; the sourced facts are the receipts. Not investment advice. Corrections log. Editorial & legal.