Solana-based memecoin launchpad Pump.fun has crossed a major milestone, recording more than $1 billion in daily trading volume as the memecoin market continues its September rally.
Pump.fun Hits $1 Billion in Daily Trading Volume
Pump.fun processed $942 million in trading volume on Sunday before surpassing $1.02 billion on Monday, according to data from decentralized exchange aggregator Jupiter. This surge in activity reflects growing interest in Solana-based memecoins and aligns with a broader rally across the sector.
The overall memecoin market cap reached $83 billion on Sunday, holding above $80 billion into Monday, before settling near $76 billion at the time of writing, according to CoinMarketCap. The $83 billion figure marked a 30-day high and was just shy of the $85 billion peak recorded in July.
DeFi Metrics Show Strong Growth
Data from DeFi aggregator DefiLlama revealed that Pump.fun’s total value locked (TVL) hit a record $334 million on Sunday. TVL measures the value of assets deposited into a protocol’s smart contracts and is often used as a key indicator of platform growth.
Pump.fun also outperformed perpetuals exchange Hyperliquid in revenue for two straight days, ranking third in 24-hour DeFi protocol revenue behind only Circle and Tether.
Livestreaming Push and Creator Rewards
Beyond trading, Pump.fun is ramping up its livestreaming feature. On Monday, the platform announced $4 million in creator rewards, with the majority going to first-time creators.
Pump.fun co-founder Alon claimed that the platform’s livestreaming feature has surpassed Rumble in average concurrent livestreams and is approaching 1% of Twitch’s market share and 10% of Kick’s market share. These figures could not be independently verified but highlight the platform’s ambitious growth plans.
Memecoin Market Momentum
Pump.fun’s explosive growth mirrors a broader wave of enthusiasm across the memecoin space. Dogecoin (DOGE) gained 11% over the past week despite a delay in the launch of a U.S.-based Dogecoin ETF.
Other memecoins such as Memecore (M), Moo Deng (MOODENG), and DORA (DORA) also recorded double-digit gains, signaling sustained investor interest and bullish sentiment in the market.
The Bottom Line
Pump.fun’s $1 billion daily volume milestone, rising TVL, and increasing creator engagement underscore the platform’s growing influence in the Solana ecosystem. With the memecoin market maintaining strong momentum and new players entering the space, Pump.fun is positioning itself as a key driver of the next wave of memecoin adoption.
