Three DeFi apps returned $96.3M in 30 days
Hyperliquid, Pump.fun and edgeX returned $96.3 million to holders in 30 days. Hyperliquid funded $50.95M from trading fees; Pump.fun split revenue; edgeX paid $23.26M with $8.26M revenue.
Three decentralized finance protocols-Hyperliquid, Pump.fun and edgeX-distributed a combined $96.3 million to token holders over a 30-day period. The three used different mechanisms to route cash back to holders and reported varying sources of the payouts.
Hyperliquid routed $50.95 million to HYPE holders during the period and reported that amount came entirely from trading fees. The protocol’s Assistance Fund, launched in January 2025, captures about 97% of trading fees and executes automated Layer 1 repurchases of HYPE on the open market. The protocol reported zero spending on user incentives during the period. A validator proposal filed in December 2025 would, if approved, mark roughly $920 million of fund-held HYPE as permanently retired.
Pump.fun returned $22.09 million to PUMP holders from $38.81 million in protocol revenue. The Solana-based token launchpad ran a 100% buyback policy for approximately nine months before changing its policy on April 28, 2026, to split net fees 50/50 between automated buy-and-burn and other uses. The project posted on social channels that “over the past ~9 months, 100% of revenue went into buybacks.” Pump.fun has previously removed roughly $370 million of PUMP from circulation through large burns.
edgeX distributed $23.26 million to EDGE holders while reporting $8.26 million in protocol revenue for the same 30-day window. The EDGE token launched on March 31, 2026. The gap between distributions and reported revenue indicates the protocol used reserves, incentive budgets or other non-revenue sources to fund payouts during the period.
On-chain tracker rankings show the three protocols accounted for the bulk of monthly holder cash flows among tracked projects. The combined $96.3 million was reported during a stretch when overall DeFi fee growth was essentially flat.
Additional data on Pump.fun’s user outcomes for April 2026 show an increase in profitable traders and active wallets compared with mid-2025 metrics. The data indicate 73.3% of Pump.fun traders realized gains in April 2026, up from 30.1% in June 2025. Active wallets recovered to about 3.14 million from a December 2025 low of 1.8 million. Among profitable wallets in April, about 65.1% realized between $1 and $500, and 5.4% realized more than $1,000.
The three payout cases illustrate different revenue and tokenomics approaches: Hyperliquid reported routing trading fees directly into buybacks; Pump.fun shifted from full buybacks to a revenue split while continuing burn activity; edgeX combined distributions with non-revenue funding in the early token phase. The protocols reported the figures and policy changes publicly during the stated periods.
