Solana-based Memecoin LaunchPad PumpFun recorded daily trading volumes of over $1 billion on Monday as the sector extended its September rally.
Data from the Decentralized Exchange (DEX) Jupiter surpassed $1.02 billion on Monday after Pump.fun processed a trading volume of $942 million on Sunday.
According to Coinmarketcap, the market capitalization of the broader Memocoin spiked, rising to $83 billion on Sunday and exceeding $800 billion on Monday. At the time of writing, the Memecoin sector had a market capitalization of $76 billion.
The $83 billion figure hit a 30-day high for the sector, approaching its market capitalization of $85 billion, reaching July 23rd.
Pump.Fun volume data. Source: Jupiter
The defi metric in pump.fun shows a positive trajectory
Data from the distributed finance (DEFI) aggregator defilama showed that the sum of Pump.Fun was locked. On Sunday, Pump.Fun’s TVL hit its $334 million high for the first time.
The locked total value for the Pump.fun protocol. Source: Defilama
Defillama’s data ranks third in 24-hour revenues, with Pump.fun surpassing the permanent exchange of revenue hyperliquid for two consecutive days, ranking third in 24-hour revenue.
Pump.Fun’s growth grows as the platform continues to push live streaming products. On Monday, the protocol said it paid the creators to $4 million. The protocol said most of the funds were given to first-time creators.
sauce: pump.fun
Pump.Fun creator Alon recently claimed that the platform’s live streaming capabilities “inverted” the rumble that “turned over” by the average number of concurrent live streams.
The co-founder of Pump.fun said it has reached 1% of Twitch’s market share and 10% of Kick’s market share. “We’re nibbling on their lunch,” Aron wrote.
The co-founder of Pump.fun made bold claims, but it was unable to validate the data through third-party data platforms.
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The momentum of the wider memo coin
The Pump.fun breakout coincided with new enthusiasm across the Memecoin sector. Dogecoin (Doge) prices rose on Friday, but the launch of the US-based Exchange-Traded Fund (ETF) related to Memecoin was delayed.
CoinMarketCap data shows that MemeCoin saw a small 11% increase in the last seven days.
Apart from Dogecoin, other Memecoin tokens like Memecore (M), Moo Deng (Moodeng) and Dora (Dora) earned double-digit percentage profits last week.
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