Solana Meme Coin Platform Pump.fun Surpasses Hyperliquid in Daily Protocol Revenue
Pump.enjoyable, a Solana-based memecoin launchpad, has surged previous perpetuals trade Hyperliquid in every day protocol income, in response to new information from DefiLlama.
Key Takeaways:
- Pump.enjoyable surpassed Hyperliquid in every day protocol income, hitting over $1 billion in buying and selling quantity and rating third amongst DeFi platforms.
- The memecoin market cap surged to a 30-day high of $83 billion, reflecting robust retail curiosity and token launches.
- Pump.enjoyable is increasing into livestreaming, paying $4 million to creators because it goals to rival platforms like Rumble and Kick.
The milestone comes as memecoin buying and selling continues to rally in September, fueled by a pointy spike in market exercise and token launches.
On Monday, Pump.enjoyable recorded over $1.02 billion in every day buying and selling quantity, up from $942 million the day earlier than, as shown by decentralized exchange aggregator Jupiter.
Memecoin Market Cap Hits $83B High Amid Ongoing Sector Rally
The surge coincided with a broader memecoin sector rally, the place the whole market cap hit a 30-day high of $83 billion on Sunday, holding above $80 billion by means of Monday.
While the sector has barely cooled to $76 billion at press time, the curiosity in meme tokens stays elevated.
Pump.enjoyable’s complete worth locked (TVL) additionally hit a document high of $334 million on Sunday, underscoring rising capital influx into the platform’s good contracts.
The protocol ranked third in every day DeFi income, behind solely Tether and Circle, whereas beating out Hyperliquid for 2 consecutive days. This marks a notable shift in protocol rankings as retail curiosity floods into memecoins once more.
Beyond buying and selling quantity, Pump.enjoyable is pushing aggressively into livestreaming. On Monday, the platform introduced it had distributed $4 million in rewards to content material creators, the vast majority of whom have been first-time streamers.
Pump.enjoyable co-founder Alon claimed the platform’s livestreaming software surpassed Rumble in common concurrent streams, edging towards 1% of Twitch’s share and 10% of Kick’s. However, these claims stay unverified by third-party analytics platforms.
The memecoin sector’s newest momentum additionally lifted main tokens like Dogecoin, which gained 11% over the previous week regardless of the delay of a proposed US-listed Dogecoin ETF.
Other lesser-known meme tokens, together with Memecore (M), Moo Deng (MOODENG), and DORA, posted double-digit positive aspects as nicely.
Pump.enjoyable’s breakout underscores how fast-growing meme tradition continues to disrupt each DeFi economics and Web3 leisure platforms, because it evolves past hypothesis into creator-driven ecosystems.
Pump.enjoyable Acquires Kolscan
In July, Pump.enjoyable announced its acquisition of the pockets monitoring software Kolscan, aiming to revolutionize on-chain buying and selling.
The integration will merge Kolscan’s analytics with Pump.enjoyable’s social buying and selling options, enhancing transparency, pockets monitoring, and copy-trading capabilities.
Co-founder Alon Cohen emphasised that buying and selling is a “social sport,” highlighting the significance of neighborhood and shared insights in driving success inside the ecosystem.
As a part of the deal, all Kolscan companies can be made free to customers.
Pump.enjoyable has already attracted tens of 1000’s of customers and intends to construct a scalable crypto social media platform, leveraging Kolscan’s instruments to develop its neighborhood and affect.
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