Key Highlights
- PumpFun hits $2B daily volume, becoming Solana’s second-largest DEX, showing meme-driven trading and strong user adoption.
- PUMP token rises 30% in a week as PumpFun rewards holders with real profits and high liquidity amid volatile market conditions.
- With $234M locked and steady 24-hour trades, PumpFun proves its platform growth goes beyond hype, reflecting lasting user confidence.
PumpFun, the decentralized meme coins launchpad on Solana, witnessed its highest ever daily trading volume of $2 billion yesterday. The Platform now ranks as the second-largest Solana DEX, trailing only Meteora and positioned above HumidiFi and Raydium.
This rise comes as Solana experienced a significant rebound in meme token activity, attracting traders and liquidity. According to DeFiLlama, PumpSwap accounted for $1.946 billion of the volume, highlighting strong user engagement and adoption.
Meanwhile, CoinMarketCap shows PumpFun’s native token PUMP trading at $0.0025 as of writing, up 1.3% over 24 hours despite the whole market having weakness. The token has gained roughly 30% over the last seven days, although it remains down 17% this month. The token is still nearly 79% below its all-time high of $0.01214 set in July 2025.
The activity shows that meme-driven DEXs are gaining momentum even in volatile markets. Solana itself posted $6.974 billion in 24-hour volume, while DEXs on the chain processed $115.68 billion over the past 30 days, marking a 38.91% week-over-week increase.
Explosive growth in trading and TVL
PumpFun’s growth goes beyond just daily trades. As per DeFiLIama, the launchpad has a total value locked (TVL) of $234.6 million, showing strong interest. This money reflects people using the platform and traders looking for profit.
In the past 30 days, Solana handled $115.7 billion in trades, up nearly 39% from the previous week. PumpFun alone contributed $20.7 billion, with $185.6 million traded in the last 24 hours, showing steady activity. It also pulled around $857 million in fees every year, with profits near $388 million. Almost all of that, about $375 million, goes directly to PUMP token holders.
It is worth noting that PumpFun isn’t handing out extra rewards to boost earnings, which shows its revenue comes from real trading activity. PUMP also works as a governance token, letting holders help make key decisions. Almost all the revenue goes into buying back PUMP tokens, which helps increase their value over time.
PUMP token price action and market sentiment
PUMP’s price has been very volatile in the past few months. According to Coinglass data, it began around $0.0050 in mid-October and went down to around $0.0020 in early January. However, the funding rates generally remained stable, with a slight peak of 0.04% on January 3.
On a 4-hourly chart, as per Santiment data, PUMP price began around $0.0078 in mid-July, then dramatically dropped to around $0.0025 towards the end of July. Then, in August, it stabilized between $0.0026 and $0.0038.
As the rally continued, it reached a peak above $0.0087, pushing the 50-day MA above the 200-day average. Volatility eased in late September, dropping below $0.0055. In December, PUMP reached $0.0017, but regained $0.00245 in January. The 50-day and 200-day moving averages (MA) track average prices over 50 and 200 days, indicating short- and long-term trends.
The trends in open interest (OI) show rising confidence among traders. The rising OI means a belief there will be a short-term recovery that propels purchases. Further, the rise in DEX activity is an indicator of both meme speculations and the adoption of PumpFun as a high-volume trading platform.
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