- Pump.fun’s $3.38 million daily revenue outpaced Hyperliquid, according to DeFiLlama.
- The platform’s growth is supported by token buybacks and increased trading activity.
- Pump.fun’s livestreaming rewards and growing Total value locked signals its expanding influence in DeFi.
Solana-based memecoin launchpad Pump.fun surprised the DeFi sector this week by outpacing Hyperliquid in daily revenue, generating $3.38 million within a 24-hour window compared to Hyperliquid’s $3.06 million. The data, published by DeFiLlama, places Pump.fun firmly in third place among DeFi protocols, trailing only behind industry giants Tether and Circle.
While Hyperliquid maintains stronger results on seven and thirty-day timeframes, the latest figures highlight how quickly Pump.fun is regaining momentum after months of declining revenue. The surge comes at a pivotal moment for the memecoin sector, which recently hit a 30-day market cap high of $83 billion before pulling back slightly.
Pump.fun’s role in this broader wave of trading enthusiasm shows how community-driven projects can achieve substantial impact when conditions favor speculative markets. For many users, Pump.fun’s straightforward interface and accessible token creation tools offer both novelty and potential profit, fueling continued engagement.
Pump.fun Resurgence is Being Powered by Buybacks, Rising Transaction Volumes, and a Growing Community Base
Pump.fun’s recovery can be traced back to its aggressive token buyback program launched in July. The platform commits 100% of its revenue to daily PUMP token repurchases, a policy shift from its earlier 25% allocation. So far, the program has absorbed $97.4 million worth of PUMP, equal to about 6.67% of the circulating supply. This sustained commitment has supported the token’s value, which has climbed nearly 54% since the initiative began, now trading at $0.008354, according to CoinGecko.
The momentum does not stop with tokenomics. On Sunday, Pump.fun processed $942 million in transactions on decentralized exchange Jupiter before crossing the $1 billion mark on Monday. This high turnover demonstrates both liquidity depth and demand for new token launches.
Total value locked (TVL) also reached a new high of $334 million, signaling increased trust from participants who are willing to commit capital to the platform’s contracts. For a service that once saw revenue plunge more than 96% from January highs, this marks an impressive turnaround that few predicted.
Pump.fun is Expanding Beyond Memecoins Through Livestreaming, Creator Incentives, and Exchange Listings
In addition to memecoin launches, Pump.fun has been pushing into livestreaming, a product aimed at broadening its reach and creator engagement. According to the platform, it paid out $4 million in rewards on Monday alone, most of which went to first-time creators.
Co-founder Alon claimed the livestreaming feature has already surpassed Rumble in average concurrent streams and is edging closer to capturing market share from Twitch and Kick. Although these figures cannot be independently verified, the claims suggest Pump.fun is looking well beyond token fees to sustain its growth.
Exchange listings are another crucial piece of its strategy. Last week, Pump.fun moved 13 billion PUMP tokens worth $74.2 million to Kraken, a step designed to strengthen liquidity pools and improve trading efficiency. Wider access across global exchanges could help stabilize price movements and broaden adoption beyond Solana (SOL) native communities. As memecoins continue to attract new traders and holders, deeper integration with established platforms may prove essential in maintaining momentum.
Pump.fun’s rise to the top three of DeFiLlama’s rankings underscores how quickly fortunes can change in crypto. While it remains to be seen whether the platform can sustain this trajectory against established players like Hyperliquid, Tether, and Circle, the combination of buybacks, surging volumes, livestreaming expansion, and stronger liquidity support is giving it a compelling case.
The DeFi space is notoriously unpredictable, but Pump.fun’s latest rally shows that innovative fee structures and strong community ties can keep a protocol competitive even after steep declines.
