Crypto Mag7 Superapps Are Powerfully Disrupting Crypto

Key Points

• Hyperliquid, Polymarket, and Pump.fun lead the speculation app race
• Pump.fun sees daily revenues over $3 million and record creator rewards
• Analysts say stablecoin protocols may anchor crypto’s Crypto Mag7
• Crypto’s new giants are built around real revenues, not just hype

In traditional finance, the “Magnificent Seven”,  Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla, have become household names. Now, crypto might be shaping its own version, already dubbed by analysts as the Crypto Mag7.

Hyperliquid, Polymarket, Pump.

Perpetual derivatives, binary options, memecoins.

The crypto industry is consolidating around 3 superapps for speculation.

Each uses a different financial product to express that speculation. What they all share in common is that they allow users…

— Patrick Scott | Dynamo DeFi (@patfscott) September 15, 2025

But unlike Big Tech, which is built around search, cloud computing, or e-commerce, the Crypto Mag7 is emerging from speculation superapps,  platforms that allow users to earn by betting on future outcomes or launching tokens.

These apps are capturing real user interest and delivering actual revenue, a rare combination in the Web3 space.

Crypto analyst Patrick Scott points to Hyperliquid, Polymarket, and Pump.fun as the early leaders forming the core of the Crypto Mag7. These platforms don’t just rely on hype, they’ve already found product-market fit and are building ecosystems that reward both users and token holders.

Each of these apps focuses on a different form of speculation:

• Hyperliquid enables leveraged perpetual trading

• Polymarket lets users predict real-world events

• Pump.fun creates an explosion of meme coins from users themselves

According to Scott, if a true Crypto Mag7 forms, these three will likely be at the center of it.

“What they all share in common is that they allow users to earn asymmetric rewards by correctly predicting the future,” Scott noted.

I was skeptical of Pump as well, but their recent revival with livestreaming shows that the team is more than a one-trick pony.

— Patrick Scott | Dynamo DeFi (@patfscott) September 15, 2025

He also emphasized that revenue data backs up their position. In 2025, Hyperliquid and Pump.fun have contributed the majority of token-holder revenues, mainly through buybacks — a clear sign of financial strength.

Pump.fun’s Rise Strengthens the Crypto Mag7 Narrative

Among the three leaders, Pump.fun is attracting the most attention lately. Known for allowing anyone to launch a meme coin in seconds, it has quickly turned into a revenue-generating machine.

The project recently surpassed $3.12 million in daily revenue, according to BeInCrypto, even outpacing Hyperliquid. On the same day, it also paid out over $4 million in Creator Rewards, most of which went to first-time token creators.

yesterday, pump fun paid out over $4m in Creator Rewards, most of which went to first-time creators that are now able to realize the potential of their dreams

a cambrian explosion of ideas is well underway, powered by tokenization

Ascend.

— pump.fun (@pumpdotfun) September 15, 2025

This shows that the platform isn’t just driving speculation, it’s empowering a new wave of creators.

“A Cambrian explosion of ideas is well underway, powered by tokenization,” said the Pump.fun team.

This wave of activity is a major reason many now consider Pump.fun a potential core member of the Crypto Mag7. But some are skeptical about its sustainability, especially in a bear market.

Even so, Scott sees adaptability in their playbook. Pump.fun recently expanded into livestreaming, turning creator token launches into interactive events. This move could extend its relevance beyond just hype cycles.

“Their revival through livestreaming shows that the team is more than a one-trick pony,” Scott explained.

The ability to pivot and evolve is one of the biggest signals that a project could have staying power, and a seat at the Crypto Mag7 table.

If Pump.fun continues to adapt and innovate, it could play a key role in reshaping how tokens are launched and traded across the broader crypto market.

Stablecoins Might Anchor the Full Crypto Mag7

While speculation superapps dominate the spotlight, many analysts believe stablecoin protocols deserve a place in the future Crypto Mag7.

Stablecoins are the backbone of DeFi and centralized crypto exchanges. From liquidity to payments to cross-chain transfers, they enable most of what happens on-chain. As such, platforms issuing or managing stablecoins could become core infrastructure providers in the Web3 economy.

There’s also a regulatory angle. Stablecoin projects like WLFI and USD1 (linked to the Trump family) are making waves, potentially aligning themselves with future compliance frameworks, which could help them gain dominance in both the U.S. and global markets.

Scott agrees that any complete Crypto Mag7 would have to include top stablecoin protocols:

“Even though my original post was about speculation, stablecoins absolutely belong in the conversation,” he said.

Surprised no mention of WLFI – if you know who will mandate use of USD1 by creating legal obstacles to the likes of USDT – and use proceeds for buy-backs – surely has to be in your list?

— Crypto ETF (@RealCryptoEtf) September 15, 2025

Their role is not just foundational, it’s also profitable. Many stablecoin platforms are exploring new business models, such as yield-bearing stablecoins or protocol-owned liquidity pools. SEI’s recent price surge tied to stablecoin liquidity also underlines how central this sector is to future growth.

Meanwhile, the DeFi world continues to evolve with governance-led innovations. DAO governance moves could soon dictate how capital flows across emerging crypto infrastructure, including some of the rising stars of the Crypto Mag7.

Why the Crypto Mag7 Is About Real Revenue, Not Just Hype

The idea of a Crypto Mag7 is more than just branding. It reflects a shift in how crypto projects are being valued, based on real revenue, strong user engagement, and token holder rewards.

In a space still crowded with low-utility coins and abandoned projects, the emergence of a few dominant, profitable apps is a big deal. Whether it’s Pump.fun’s viral meme economy, Hyperliquid’s deep liquidity, or Polymarket’s growing prediction market volumes, the numbers are starting to tell the story.

At the same time, the risks in crypto are real. Just look at events like the Thorchain hack,  a reminder that even major protocols must constantly upgrade and innovate to stay relevant and secure.

These platforms are setting new standards for success in crypto, and if current trends continue, they may well form the first Crypto Mag7, leading Web3 into its next growth cycle.