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]

Very interesting acquisition by PumpFun.I could have sworn it would have been more down the content / streaming / media / entertainment routeBut it seems they are looking to drive down the Social layer of trading and incentivize that vertical.Alon had some comments around it, now making the product free, but also using it for future rewards for actual 'traders' and not just KoLs.Looks like trading comps? and a more trading focused vertical will be coming?pump.fun (@pumpdotfun):we’re excited to announce that ...