PumpFun Sees 1.3 Million Traders, But Retail Users Suffer $66M Losses

PumpFun, a Solana-based launchpad, attracted 1.3 million monthly active traders in August. Despite this user growth and the platform launching over 595,000 new tokens during the month, most users ultimately experienced losses. Defi Oasis lists PumpFun as the leading Solana launchpad, though many individuals did not make profits from trading these newly listed tokens. Over 60% of traders finished the month in the red, highlighting a disconnect between high user engagement and financial success for individual traders.