Meme Coin Frenzy: PumpFun Surges Past $1 Billion Trading Volume Amid Market Comeback

The meme coin market is enjoying a resurgence of interest, and spearheading this momentum is PumpFun (PUMP), a Solana-based launchpad. The platform’s trading volumes have experienced a meteoric rise, surpassing the $1 billion daily threshold for the first time during September’s ongoing rally. This milestone underscores the reinvigorated investor enthusiasm within the meme coin sector, solidifying PumpFun’s position as a major player in this volatile yet lucrative niche.

Trading Volumes Skyrocket During Meme Coin Rally

According to data from decentralized exchange (DEX) aggregator Jupiter, PumpFun recorded $942 million in trading volume on Sunday, which surged to an astonishing $1.02 billion on Monday. This steep rise parallels the broader rally within the meme coin market, where the total market capitalization hit $83 billion on Sunday—a 30-day high—before stabilizing above $80 billion on Monday. As of now, the total market capitalization stands near $76 billion, reflecting steady interest.

The $83 billion peak is notable as it nears the $85 billion mark, last seen on July 23, signaling strong investor sentiment in meme coins like Dogecoin (DOGE), MemeCore (M), and Moodeng (MOODENG). With PumpFun at the forefront, this renewed vigor in the meme coin ecosystem signals a bright trajectory for further market activity.

PumpFun's DeFi Metrics Shine

Not only have trading volumes soared, but PumpFun’s performance in the decentralized finance (DeFi) space has also stood out. Insights from DeFi analytics platform DeFiLlama reveal that the platform’s Total Value Locked (TVL) hit a record $334 million for the first time on Sunday. This surge in TVL points to heightened investor confidence and liquidity on the platform.

PumpFun's achievements extend to revenue generation as well. It ranked third among DeFi protocols in daily revenue for two straight days, overtaking derivatives exchange HyperLiquid (HYPE). The top two spots remain occupied by stablecoin titans Circle and Tether, showcasing PumpFun's capability to disrupt even heavily entrenched DeFi incumbents.

Live-Streaming Innovation Boosting Adoption

One critical driver of PumpFun’s burgeoning engagement is its focus on live-streaming features. As of Monday, the platform has disbursed $4 million in creator rewards, targeting early-stage content creators and fostering loyalty. This initiative has reportedly enabled PumpFun to outpace competitor Rumble in average concurrent broadcasts.

Alon, a leading content creator on PumpFun, claims that the platform has seized 1% of Twitch’s market share and 10% of Kick’s market presence. "We’re steadily eating into their lunch," he remarked, highlighting PumpFun's expansion in the streaming market. However, it’s worth noting that Alon’s statements are not yet backed by independent third-party analytics.

Meme Coin Market’s Momentum Returns

PumpFun’s strong performance isn’t occurring in isolation—it aligns with a broader resurgence of optimism in the meme coin sector. While regulatory hurdles, such as delays in U.S. approval for meme coin-focused ETFs, continue to loom, investor appetite remains robust. Dogecoin (DOGE), often considered the flagship meme cryptocurrency, gained approximately 11% in the past week, according to CoinMarketCap.

Other notable meme coins, including MemeCore (M), Moodeng (MOODENG), and Dora (DORA), have also seen double-digit gains, emphasizing the renewed enthusiasm spreading across this niche crypto market. These developments highlight how meme coins are steadily reclaiming their space in the broader cryptocurrency narrative, driven by strong community backing and speculative fervor.

PumpFun’s remarkable growth across trading volumes, TVL, and platform innovation demonstrates the launchpad’s crucial role in this resurgence. As the meme coin market continues to capture investor interest globally, all eyes remain on PumpFun and its ability to sustain this upward trajectory in the face of an evolving crypto landscape.

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