web3: Pump.fun currency buyback accelerated and weekly earnings increased to seven months' high

Pump.fun’s recent operating data warms up and drives its token PUMP rebound. Over the past week, agreement revenues have risen to nearly seven months, and project parties have continued to implement buy-back destruction and to seek additional trade flows through reduced fees and additional incentives.

The weekly income rises to a high level

According to DefiLlama, Pump.fun earns approximately $11,152 million for nearly seven days and ranks first in the encryption protocol after Tether, Circle and Canton. The current income, by annualized caliber, is approximately $458 million, corresponding to a market value of approximately $1.19 billion.

The project eco-account disclosed that during the past seven days, Pump.fun repurchased and destroyed about $5.52 million PUMP. The cumulative value of buy-backs and destructions has reached $429.6 million, representing approximately 28.58 per cent of the supply in circulation.

Half of the revenue goes to repurchase.

Under the Pump.fun mechanism, half of the agreement revenue is used through smart contracts to buy and destroy tokens. The data provided by the project participants also show that $10.74 million was generated from the Platform ' s handling costs from 10 to 16 August, an increase of 7 per cent over the previous week, resulting in the best single-week performance since late January.

Of this amount, the highest single-day income reached $1.73 million, the highest level since 30 January. Continued repurchases have also led to a further contraction in the supply of tokens, which is one of the important underpinnings of the recent price recovery.

Increase in the number of transactions after reduction

On August 13th, Pump.fun launched Callout Renewals, which provides a daily incentive based on the amount of currency transactions brought by users. The platform then reduced the App end Solana transaction rate to 0 per cent and the cross-chain transaction rate to 0.1 per cent.

According to the article, this strategy has begun to be reflected in user data: the number of weekly App traders has increased by 23 per cent, and the number of active traders last Thursday has reached a new high. In terms of prices, PUMP fell to US$0.001491 in July, touching US$0.003 this week on a single plate and then falling around US$0.002733.