PumpFun App Daily Trading Volume Exceeds $50 Million

The daily trading volume of the PumpFun (PUMP) mobile app has surpassed $50 million (approximately 68.9 billion KRW), with the number of transactions reaching 905,000. This indicates an increase in on-chain trading centered around individual investors, driven by the growing use of the Solana (SOL)-based meme coin issuance platform. According to CryptoBriefing, the daily trading volume of the PumpFun app has increased from $250,000 at its launch to $50 million, while the number of transactions rose from 2,500 to 905,000 during the same period. PumpFun emerged as a Solana-based meme coin launchpad in April 2024, where initial trades occur through a bonding curve when users create new tokens. The tokens that transition to PumpSwap have exceeded 1.3 million since launch, with a cumulative trading volume of $214 billion (approximately 294.89 trillion KRW) and cumulative fees surpassing $1.3 billion (approximately 1.79 trillion KRW). PumpFun has around 80 million unique wallets, although the number of unique wallets may not correspond to the actual number of users. The average daily trading volume over the past 30 days has been approximately $347 million (about 478.2 billion KRW). It has been reported that about half of the platform's revenue is allocated for PUMP buybacks and burns, with the market capitalization of PUMP estimated to be between $1.9 billion and $2 billion (approximately 2.6182 trillion to 2.756 trillion KRW).

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