Memecoins see a surge in daily trading volume, boosting Pump.fun to a staggering $1 billion mark.
In the dynamic world of memecoins, Pump.fun has been making waves since its launch in January 2024. The platform, co-founded by Alon Cohen, has been at the forefront of the sector's significant growth, with the memecoin market's current market cap standing at $82.4 billion.
Pump.fun's daily revenue has been impressive, generating nearly $800 million in total revenue since its inception. However, it faced a brief challenge in July 2022 when rival platform LetsBonk momentarily overtook Pump.fun in daily revenue. But Pump.fun quickly regained its dominance, earning $37 million in 30-day revenue versus LetsBonk's $4.5 million.
In July 2022, Pump.fun generated $3.38 million in daily protocol revenue, surpassing Hyperliquid, and outperforming LetsBonk with $1.04 million in daily revenue. Over 6 million tokens have been created on the Pump.fun platform, making it one of the fastest-growing crypto applications.
The platform's aggressive buyback program has been instrumental in boosting its PUMP token price. Since late July, the PUMP token price has risen by 53.9%, with Pump.fun now using 100% of its daily revenue for token buybacks, up from 25% previously. Daily buybacks have ranged between $1.3 million and $2.3 million.
On Monday, Pump.fun paid out $4 million in creator rewards, with most funds going to first-time creators through its livestreaming feature. The relaunched livestream feature, introduced in April 2025 with improved moderation, is another factor contributing to Pump.fun's growth.
However, Pump.fun faced regulatory challenges in 2024, leading to a temporary suspension of its livestream feature. Despite this setback, the platform has reclaimed the top position as the leading memecoin launchpad among DeFi protocols and even completed one of the largest fundraising rounds in crypto history, raising $1.3 billion in July 2025.
Industry forecasts suggest the memecoin market could reach $925.2 billion by 2035, growing at a 26.7% annual rate. With its impressive revenue figures, aggressive buyback program, and continuous growth, Pump.fun is undoubtedly a key player in this burgeoning market.
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