Back to the Throne: Pumpfun Sets a $1 Billion Daily Trading Volume Milestone, Leading a New Wave of Frenzy in the Meme Coin Market

On September 16, 2025, Pumpfun achieved an important milestone, with its daily volume surpassing the 1 billion USD mark for the first time. This Solana-based meme coin minting platform processed 942 million USD in volume last Sunday and jumped to 1.02 billion USD the following day. This surge occurred during a broader rebound in the meme coin market. Last Sunday, the total market capitalization of meme coins climbed to 83 billion USD, reaching a new high for the past 30 days, and maintained above 80 billion USD on Monday. The 83 billion USD figure is close to the 85 billion USD peak reached in this field on July 23.

The platform's dominance has returned, with daily income second only to stablecoin giants

After facing intense competition earlier this year, Pumpfun has regained its position as a top Meme coin issuance platform. Currently, the platform ranks third in daily revenue among all DeFi protocols, only behind stablecoin giants Tether and Circle.

Latest data shows that Pumpfun's daily protocol revenue reached $3.38 million, surpassing the perpetual contract trading platform Hyperliquid. The platform's total value locked (TVL) hit a record of $334 million on Sunday. The company's operating model is simple. Users can create Meme coins by uploading images and choosing names and codes for less than $2 in fees. Pumpfun charges a 1% fee on all token transactions.

Huge success in fundraising, PUMP token repurchase plan shows significant results

Pumpfun completed one of the largest financings in the cryptocurrency sector in July 2025. The company raised a total of $1.3 billion—$600 million from public token sales and $700 million from private investors. The public sale sold out in just 12 minutes.

Since its launch in January 2024, the platform has generated nearly $800 million in revenue. The platform has created over 6 million coins, making it one of the fastest-growing crypto applications. The platform's aggressive buyback program has helped its PUMP coin price increase by 53.9% since late July. Pumpfun now uses 100% of its daily revenue to buy back coins, up from the previous 25%.

Business Expansion Beyond Token Creation

The development of Pumpfun has gone beyond simple token creation. The platform paid out $4 million in rewards to creators on Monday, with most of the funds flowing to first-time creators through its live streaming feature. Co-founder Alon claims that the platform's live streaming now accounts for 1% of Twitch's market share and 10% of Kick's market share. Although these figures cannot be independently verified, they demonstrate the platform's ambition to go beyond meme coins.

Changes in Competitive Landscape, Returning to Dominance

Earlier this year, the competitor platform LetsBonk briefly surpassed Pumpfun in daily revenue. In July, LetsBonk's daily revenue was $1.04 million, while Pumpfun's was $533,000. However, Pumpfun maintained its dominance over a longer period, with a 30-day revenue of $37 million compared to LetsBonk's $4.5 million. The platform's daily revenue fell below $300,000 in late July - the lowest point since September 2024. The surge in September showed a strong rebound. Pumpfun has spent $62.6 million on token buybacks, purchasing over 16.5 billion PUMP tokens at an average price of $0.003785 each. Daily buyback amounts ranged from $1.3 million to $2.3 million.

Broader Meme Coin Market Rebound

The surge in September coincided with a renewed interest in Meme coins across the market. Despite the delay in the launch of the Dogecoin Exchange-Traded Fund (ETF) in the United States, Dogecoin still rose by 11% within seven days. Other tokens like Moo Deng and DORA also recorded double-digit gains. The $82.4 billion market capitalization of the Meme coin market represents a significant increase compared to earlier forecasts. Industry predictions indicate that by 2035, the Meme coin market could reach $925.2 billion, growing at an annual growth rate of 26.7%. The success of Pumpfun has also boosted activity on the Solana network, which now supports 7.6 million active addresses. The platform accounts for a large portion of the daily token issuance on Solana.

Conclusion

Pumpfun has achieved the milestone of $1 billion in daily volume, marking a turning point for the platform and the broader Meme coin market. After facing challenges from competition and regulatory issues, the platform has reestablished its dominance through aggressive buybacks and feature expansion. The rebound in September indicates that Meme coins remain a driving force in the cryptocurrency space, and Pumpfun is well-positioned to capture much of the growth.