Pump.fun token upgrade rate rises to 1.15% of the total number of newly issued tokens

The number of weekly token upgrades for Pump.fun has reached 1.15% of the total number of newly issued tokens, the highest level since the summer of 2025. In the past few weeks, the number of token upgrades has continued to increase, driving up the transaction fees of Pump.Swap. Historical data shows that the token upgrade rate peaked at around 2% and then dropped to about 0.5%, which is approximately 80 tokens per day.