Pump.fun’s mobile app just crossed $50 million in daily trading volume, up from $250,000 when it first launched. Daily transactions have scaled from 2,500 to 905,000 over the same period.
From launchpad to ecosystem
Pump.fun debuted in April 2024 as a Solana-based memecoin launchpad built around a bonding curve mechanism. As more people buy a newly created token, the price automatically rises along a predetermined curve. No order books, no market makers, just math.
Tokens that gain enough traction “graduate” from the bonding curve to PumpSwap, the platform’s native automated market maker that went live in March 2025. That graduation process has played out over 1.3 million times since launch.
Lifetime trading volume has surpassed $214 billion. Total fees earned have crossed $1.3 billion. The platform has attracted roughly 80 million unique wallets.
Over the past 30 days, Pump.fun has averaged approximately $347 million in daily trading volume, with individual days ranging from $25 million on quieter sessions to north of $200 million on peak days. Daily transaction counts regularly exceed one million.
The PUMP token flywheel
Pump.fun introduced its native token, PUMP, in 2025. It currently sits at a market capitalization between $1.9 billion and $2 billion.
Roughly 50% of the platform’s revenue gets allocated to buying back and burning PUMP tokens.
Risks and what to watch
Pump.fun’s 30-day average of $347 million in daily volume looks impressive, but similar platforms have seen activity crater by 80% or more when market sentiment shifts. The buyback-and-burn mechanism that supports PUMP’s price works both ways: if revenue drops sharply, so does the buying pressure.