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Morning Edition · Tuesday, August 11, 2026Published at 1:53 AM EDT · New York
Pump.fun Collected $10 Million in Weekly Fees and Passed Hyperliquid as On-Chain Capital Keeps Concentrating
Ethereum now holds $41.54 billion of the $75.46 billion locked across decentralized finance, while Binance strips margin support from two smaller tokens and Robinhood's chain grew 20.3% in a week.
Pump.fun, the Solana token-launch platform, collected $10.03 million in protocol fees over a week on $2.97 billion of volume, overtaking the perpetual futures venue Hyperliquid on revenue, and directed $5.02 million into buybacks and burns…
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On-Chain Capital Concentrates
As total on-chain capital contracts, value keeps concentrating on the largest chains and the applications with live demand, squeezing long-tail protocols and forcing consolidation.
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