$PUMP Records Highest-Ever Daily Volume of $878.7 Million on $SOL

Pumpfun reaches new trading heights with over $1 billion in daily volume, contributing to the broader memecoin market's rally in September.

USDT

SOL

DOGE

192d ago

Summary

Solana-based memecoin launchpad Pumpfun saw its daily trading volume surpass $1 billion on Monday, fueled by a broader surge in the memecoin market. The sector's market cap reached $83 billion, marking a 30-day high. Pumpfun's total value locked (TVL) also hit a new high of $334 million. The platform has been expanding its livestreaming product, with the co-founder claiming it is gaining market share in the livestreaming space.

Terms & Concepts

Memecoin: A cryptocurrency often created as a joke or meme, rather than with a specific technological or financial utility, but can still gain significant market value and community following.
TVL (Total Value Locked): A metric used in decentralized finance (DeFi) to measure the total value of assets deposited in a protocol's smart contracts.
DeFi (Decentralized Finance): A sector within the cryptocurrency industry that aims to create decentralized financial systems using blockchain technology, bypassing traditional financial intermediaries like banks.