In a striking development for decentralized finance (DeFi), Solana-based launchpad, Pump.fun, has seen its new decentralized exchange, PumpSwap, exceed $100 million in total value locked (TVL) less than two months after its launch. The milestone highlights a renewed surge in retail interest around memecoins, echoing earlier crypto market frenzies – but with an increasingly mature and infrastructure-backed ecosystem.
REPORT | #MemeCoins were the Top-Performing Crypto Sub-Sector, #Solana was the Most Dominant Blockchain in 2024
Memecoins were the top-performing sub-sector, with 212% growth. https://t.co/5e3W9yeCDM @solana @solana_daily @binance pic.twitter.com/YWBQWcVx7C
— BitKE (@BitcoinKE) January 26, 2025
Pump.fun has carved out a niche for itself as a memecoin launchpad, allowing users to create and trade meme tokens with minimal friction. Its rapid ascent can be attributed to its ability to ride – and help steer – the growing wave of speculative meme trading, which has returned with force in recent months. PumpSwap, its trading platform, launched in late March 2025 and has since attracted a flood of liquidity.
The platform’s unique selling point lies in its gamified, low-barrier approach to token creation and listing. By automating much of the process and integrating seamlessly with the Solana blockchain, Pump.fun enables near-instant deployment of meme tokens and swift access to a community of enthusiastic traders.
HOW TO | How To Quickly Create and Share Your Own MemeCoin Using Solana Marketplace, https://t.co/QCr6l2e8EP
Below is a step-by-step guide to help you launch your own memecoin using https://t.co/QCr6l2e8EP on the Solana network.https://t.co/voUe9o9ZKl @pumpdotfun @solana… pic.twitter.com/q8gV71huc4
— BitKE (@BitcoinKE) July 1, 2024
The $100 million TVL figure marks a major benchmark not just for Pump.fun, but for Solana’s broader DeFi ecosystem. It reflects both the strength of user engagement and the increasing capital inflows into novel, community-driven assets. For comparison, the platform’s TVL was under $20 million just a few weeks prior.
[TECH] REPORT | MemeCoin Creation Platform, https://t.co/fMWoaORGuI, Collected $525,000 in Average Daily Fees, Says Solana Q2 2024 Report: Solanas DeFi TVL fell by 9% QoQ to $4.5 billion, ranking it fourth among networks i.. https://t.co/OyX31nhtpO via @BitcoinKE
— Top Kenyan Blogs (@Blogs_Kenya) July 24, 2024
Much of this growth can be credited to Pump.fun’s ability to continually churn out popular tokens that go viral within crypto communities. The result is a revolving door of new liquidity opportunities for speculators seeking the next breakout memecoin.
Pump.fun’s success also reflects a broader trend: the resurgence of Solana as a major player in the DeFi and NFT spaces. Once plagued by outages and ecosystem uncertainty, the network has made a dramatic comeback in 2025, fueled by lower fees, faster transaction speeds, and a suite of new tools tailored for developers.
Memecoins – long dismissed as gimmicks – are proving to be powerful drivers of network activity. The sheer volume of token creation and trading on platforms like Pump.fun is translating into increased demand for Solana’s core infrastructure and services.
While critics may continue to view memecoins as a speculative bubble, platforms like Pump.fun demonstrate how these assets can be harnessed to build thriving micro-economies. With PumpSwap now firmly established as a go-to DEX for memecoin traders, the stage is set for even more experimentation and innovation in the coming months.
STATISTICS | https://t.co/nDFpSnSj5U #MemeCoins Face Mass Extinction – Less Than 1% Survive
The collapse of the memecoin market has contributed to a staggering $1 trillion loss in overall crypto market capitalization.
Analysts warn that this shift in capital allocation may… pic.twitter.com/4npj6Tdkzl
— BitKE (@BitcoinKE) March 15, 2025
As the memecoin mania shows no sign of slowing, Pump.fun appears well-positioned to ride the wave – and perhaps shape the next phase of DeFi’s evolution.
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