Pump.fun Hits $1 Billion Daily Trading Volume as Memecoins Surge

Pump.fun has surged to $1 billion in daily trading volume amid a broader rally in memecoins. The total memecoin market cap reached $83 billion on Sunday, nearing its all-time high of $85 billion set on July 23. The platform has reclaimed its dominance as the top memecoin launchpad, now ranking third among all DeFi protocols for daily revenue, behind only Tether and Circle.

The platform's revenue model is straightforward: users pay less than $2 to create memecoins, and Pump.fun takes a 1% fee on all trades. Recent data shows $3.38 million in daily protocol revenue, surpassing Hyperliquid. Total value locked hit a record $334 million on Sunday.

In July 2025, Pump.fun completed one of crypto's largest fundraising rounds, raising $1.3 billion—$600 million from a public token sale that sold out in 12 minutes and $700 million from private investors. Since its January 2024 launch, the platform has generated nearly $800 million in revenue, with over 6 million tokens created.