Pump.fun has increased its weekly token upgrade rate to 1.15% of all newly issued tokens, the highest level since the summer of 2025. This marks the first time in months that the upgrade rate has surpassed 1%. The rise in token upgrades has led to increased transaction fees on Pump.Swap. Historically, the upgrade rate peaked at around 2% before declining to approximately 0.5%, or about 80 tokens per day.