The total value locked (TVL) on Pumpswap, the decentralized exchange of Solana-based Memecoin Launchpad Pumpfun, rose this weekend to a record of $ 334.81 million. The TVL High of the Dex came only a few weeks after Pumpfun introduced a new reimbursement structure that rewards makers from smaller tokens.
Pumpfun TVL and pumphandels volume. Source: Defillama
Data from Defillama shows that the Golf was not limited to locked capital on the DEX, because the native pumping of the protocol also placed record trade volumes of $ 1.66 billion during the weekend.
In the meantime, the pump price last week was almost 70% and 144% in the past two weeks, to reach a record high of $ 0.00889 yesterday, September 14, according to Coentecko’s details.
Pumpfun TVL and platform income. Source: Defillama
The inflow of trade and price momentum also increased the 24-hour turnover of the platform to more than $ 3.1 million from today, September 15, which marked the highest level since mid-February. From the moment of printing, Pumpfun is the third largest protocol in the Defi room due to daily income, whereby Hyperliquid catches up, according to Defillama data.
Top Defi protocols with sales of 24 hours. Source: Defillama
The growth comes about two weeks after Pumpfun has rolled out the first part of his “Project Ascend” Ecosystem updates, called “Dynamic Fees V1”, on his Pumpswap market. The update changes how creating costs work – makers of smaller CAP -Tokens receive higher maker costs, but the share of reimbursements that are given to makers falls as the market capitalization of the token grows. Pumpfun says that the change makes it easier for new, smaller projects to get off the ground.
“Now creating pump pleasure will be 10x more rewarding, which means that we will see an exponential increase in talent on boarding to pumpfun, from streamers to startups,” Pumpfun said in an X -Thread on 2 September.
Return and offers
The price performance of Pump comes two months after the long-awaited ICO, and which eventually became a bumpy token launch, because whales quickly dump their tokens shortly after the token went live, which pushed the price, despite the $ 20 million token-backkoop program of the platform.
The pump price has since been fully repaired and pushed to new highlights, with this recent wave driven by the aggressive return – where Pumpfun uses 100% of the daily turnover to buy pump on open markets – and recent entries on large exchanges. Top Centralized Crypto -Exchange Binance, together with Grote Zuid -Korean platforms Upbit and Bithumb, all listed pump for Spothandel on 11 September, giving more traders the opportunity to buy and sell it.
