Solana Meme Coin Platform Pump.fun Surpasses Hyperliquid in Daily Protocol Revenue

Core Insights - Pump.fun, a Solana-based memecoin launchpad, has surpassed Hyperliquid in daily protocol revenue, achieving over $1.02 billion in daily trading volume, up from $942 million the previous day [1][7] - The memecoin market cap reached a 30-day high of $83 billion, reflecting strong retail interest and ongoing sector rally [2][7] - Pump.fun's total value locked (TVL) hit a record high of $334 million, indicating significant capital inflow into its smart contracts [2] - The platform ranked third in daily DeFi revenue, only behind Tether and Circle, marking a notable shift in protocol rankings as retail interest in memecoins increases [3][7] - Pump.fun is expanding into livestreaming, distributing $4 million in rewards to content creators, aiming to compete with platforms like Rumble and Kick [3][7] Market Dynamics - The memecoin sector has shown resilience, with the market cap slightly cooling to $76 billion but still maintaining elevated interest in meme tokens [2] - Major tokens like Dogecoin gained 11% over the past week, despite delays in a proposed US-listed Dogecoin ETF, indicating ongoing investor enthusiasm [4] - Lesser-known meme tokens, such as Memecore, Moo Deng, and DORA, also experienced double-digit gains, highlighting the broader market momentum [5] Strategic Developments - Pump.fun's acquisition of the wallet tracking tool Kolscan aims to revolutionize on-chain trading, further enhancing its platform capabilities [6] - The platform's livestreaming tool reportedly surpassed Rumble in average concurrent streams and is approaching 1% of Twitch's share, although these claims are unverified [4]