Pump.fun generated approximately $1.98 million in revenue over the past 24 hours, edging out Hyperliquid's $1.96 million to claim third place on DefiLlama's protocol revenue leaderboard. The meme coin launchpad now trails only Tether ($17.28M) and Circle ($6.88M). The ranking reflects Pump.fun's total business revenue across token issuance, PumpSwap, and trading terminals, rather than token-issuance fees alone.