The frenzy of the same seems to come back while the market capitalization of the sector exceeded $ 83 billion on Sunday, attracting renewed attention to this volatile corner of the crypto. But what has especially marked the spirits was the performance of Pump.fun, a same launching platform based on Solana, which on September 14 managed more than $ 1 billion in daily trade volume – a sign of new momentum on the market.
In short
- Pump.fun managed more than $ 1 billion in daily trade volume on September 14, reporting a rise in activity on the platform.
- The total value blocked on Pump.fun reached 334 million before slightly dropped to 320 million while maintaining a strong commitment.
- The wider market of the same has experienced a rally, with a market capitalization up almost 8 % and a volume of exchanges increasing by 81 %.
Pump.fun records a record activity on all indicators
The volume of exchanges on Pump. The next day, it rose to $ 1.02 billion, showing a sharp increase in activity on the platform.
The increase did not affect trading. Pump.fun has seen more funds committed by its users. According to Defillama, its total blocked value (TVL) reached $ 334 million on September 14establishing a new record for the platform. As of September 16, this figure had decreased slightly to 320 million, but it still reflected a high level of user engagement.
The protocol continued to show a high income performance. Defillama's data indicated that he had won $ 2.93 million in the last 24 hours, while Hyperliquid, a Perpetuals trading scholarship, generated 2.51 million. This placed Pump.Fun in third position among the decentralized finance protocols for daily income, behind only the stablecoins circle and Tether issuers.
Pump.fun surpasses its competitors in live broadcasting
The growing commitment of the platform corresponds to the continuous use of its livestreaming tool. The co -founder Alon Cohen explained that the product had already exceeded Rumble In terms of average competing streams. He added that this feature represents approximately 1 % of Twitch's market share and around 10 % of Kick's, indicating its growing imprint in live content.
The platform has also started to directly reward its creators. Monday, Pump.fun announced that it had distributed more than $ 4 million in awards to creators. The majority of this amount have been awarded to beginner creators who were able to explore their projects via the platform.
The memecoin market is experiencing a large rally
The best performance of Pump.fun coincided with a wider rise in the same sector. Coinmarketcap data has shown that the market capitalization of the same has increased by almost 8 % in the last 24 hours. Over the same period, the volume of exchanges increased by around 81 %, reflecting a new activity rise and an influx of capital to these tokens.
Several major parts recorded gains last week. Dogecoin, the most established the same, increased by 11 %. Pepe advanced by 5 %, while Memecore posted a higher increase by 26 %. These movements, although varied in size, indicate that the projects established and the most recent have benefited from the current momentum.
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