Pump.fun daily volume surpassed $1 billion for the first time on Sept. 16, highlighting intense memecoin trading activity.
The memecoin sector market cap reached a 30-day high of $83 billion, showing renewed investor interest.
TVL on Pump.fun hit $334 million, signaling rising user deposits and trust in the protocol.
The platform ranked 3rd in 24-hour DeFi revenue, beating Hyperliquid and trailing only Circle and Tether.
$4 million in creator rewards were paid out to livestreaming contributors, driving community growth.
According to data from Jupiter, Pump.fun processed $942 million in volume on Sunday, followed by a record-breaking $1.02 billion on Monday, Sept. 15. This milestone places Pump.fun in elite territory among crypto platforms.
Pump.fun Volume Data
Source: Jupiter
The surge coincided with a broader uptick in memecoin interest. As of Monday, the memecoin sector’s market capitalization reached $83 billion, nearing the July peak of $85 billion.
Although the market cap slightly dropped to $76 billion at the time of writing, the enthusiasm surrounding memecoins has remained strong.
Data from DefiLlama showed Pump.fun’s total value locked (TVL) climbed to $334 million on Sunday, a new high for the platform.
TVL is a key indicator of the capital held in a protocol’s smart contracts and reflects growing trust and activity on Pump.fun.
Pump.fun also outperformed Hyperliquid, a well-known perpetuals exchange, in 24-hour revenue for two consecutive days. According to DefiLlama, Pump.fun ranked third in daily DeFi revenue, just behind stablecoin giants Circle and Tether.
These metrics not only showcase Pump.fun’s rising user base but also signal growing utility within the memecoin trading space.
As part of its community-first approach, Pump.fun announced it had distributed $4 million in creator rewards on Monday, with the majority going to first-time creators.
Source: X (@pumpdotfun)
This effort supports content-driven engagement through the platform’s livestreaming features.
Co-founder Alon claimed that Pump.fun’s livestreaming service had recently surpassed Rumble in terms of average concurrent livestreams. He also noted the platform had captured 1% of Twitch’s market share and 10% of Kick’s.
Alon said:
“We’re nibbling on their lunch.”
However, these claims could not be independently verified through third-party analytics platforms.
Other niche memecoins such as Memecore (M), Moo Deng (MOODENG), and DORA (DORA) posted double-digit weekly gains, contributing to the sector’s bullish outlook.
The spike in Pump.fun daily volume reflects a wider memecoin rally. Flagship tokens like Dogecoin (DOGE) gained traction, with DOGE up 11% in the past week despite delays in the launch of a U.S.-based DOGE ETF.
Pump.fun is a Solana-based memecoin launchpad that enables users to launch and trade tokens with minimal friction. It’s known for fast-paced trading, real-time liquidity, and growing creator incentives.
The rise in memecoin trading activity in mid-September, combined with the platform’s livestreaming and reward mechanisms, led to Pump.fun hitting over $1.02 billion in daily volume.
Pump.fun has gained popularity quickly, and its rising TVL indicates user confidence. However, like all DeFi platforms, it’s essential to do your own research (DYOR) and understand the risks.
Besides Dogecoin, tokens like Memecore, MOODENG, and DORA have shown strong recent performance, contributing to rising volumes on platforms like Pump.fun.
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