Pump.fun trading volume leads to $ 1B as Memecoins rally in September

Solana-based memecoin launchpad recorded more than $ 1 billion in the daily trading volume Monday as the sector expanded the September rally.

Data from Decentralized exchange (Dex) Jupiter shown Pump.Fun processes $ 942 million in transaction volume on Sunday before raising $ 1.02 billion on Monday.

Climbing came up as the broader Cap of the Memecoin market took over, up $ 83 billion on Sunday and holding more than $ 80 billion on Monday, According to In coinmarketcap. At the time of writing, the general market cap of the Memecoin sector was $ 76 billion.

The $ 83 billion figure is marked by a 30-day height for the sector and Approached the $ 85 billion market cap It reached July 23.

Defi Metrics of Pump.Fun shows a positive trajectory

Data from Decentralized Finance (DEFI) The aggregator defillama has shown that the total amount of pump.fun locked (TVL), a major measure that measures the value of properties deposited in the intelligent contracts of a protocol, will continue to increase. On Sunday, TVL.Fun’s TVL reached A high $ 334 million for the first time.

Defillama data also showed that the pump.fun exceeded the Perpetuals Exchange Hyperliquid in revenue within two consecutive days, ranked third of the 24 -hour income on Defi Protocols, behind Stablecoin Circle and Tether projects.

The growth of the pump.fun arrives as the platform continues to push the livestreaming product. On Monday, the protocol Says It pays $ 4 million to the creators’ rewards. The protocol said most of the funds went to first-time creators.

Pump.Fun Creator Won also recently claimed that the platform’s “flipped” rumble platform feature on the average number of synchronous livestreams.

Pump.Fun co-founder said they were entering 1% of the twitch market sharing and 10% of kick market sharing. “We are in trouble with their lunch,” Alon wrote.

While the pump.fun co-founder has made bold claims, the data cannot be verified through third-party data platforms.

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Wider memecoin momentum

The breakout of the pump.fun in conjunction with the revised enthusiasm in the Memecoin sector. Dogecoin’s (Doge) Price Rose on Friday Even the launch of a US (ETF) -based exchange funds tied to Memecoin has been delayed.

CoinMarketCap data shows that Memecoin has seen a moderate 11% gain in the last seven days.

Aside from Dogecoin, other Memecoin tokens such as Memecore (M), Moo Deng (Moodeng), and Dora (Dora) have seen a double digit percentage obtained over the past week.