Surge in Meme Tokens Boosts Pump.fun’s Daily Trading Volume Beyond $1 Billion

The platform also surpassed Hyperliquid in daily revenue.

On September 15, trading volume on the meme-coin issuance platform Pump.fun reached $1 billion for the first time since July, according to data from the DEX Jupiter.  

This surge in activity comes amid a rise in the capitalization of the “funny coins” sector, which has approached $77 billion. Over the past week, the figure increased by 4.3%, and nearly 10% over the month. 

In the past seven days, the price of the largest meme-coin by market capitalization, Dogecoin, increased by more than 7%, despite the delay in launching an ETF based on this asset. 

MemeCore, DORA, and Moo Deng showed double-digit growth, rising by 26%, 70%, and 20% respectively. 

Pump.fun Surpasses Hyperliquid

Pump.fun’s key metrics are steadily increasing. On September 14, the platform’s TVL reached an all-time high of $334 million. At the time of writing, $320 million is locked in the protocol. 

The meme-coin generation platform also surpassed the Hyperliquid exchange in daily revenue, with $3.38 million compared to $3.06 million. Pump.fun ranked third in this metric among all DeFi protocols, trailing only stablecoin issuers Circle and Tether.

The platform’s positive momentum is attributed not only to renewed interest in meme-coins but also to the PUMP token buyback program. Since July, the platform has acquired $98.4 million worth of coins, reducing the circulating supply by 6.67%. 

Since the launch of the program, the price of PUMP has risen by nearly 54%. At the time of writing, the asset is trading at $0.007 with a market capitalization of $2.8 billion. 

In August, Pump.fun launched the Glass Full Foundation to develop the meme-coin ecosystem on Solana.