The total value locked (TVL) on PumpSwap<\/a>, the decentralized exchange from Solana<\/a>-based memecoin launchpad pumpfun<\/a>, surged to a record $334.81 million this weekend. The DEX’s TVL high came just weeks after pumpfun introduced a new fee structure that rewards creators of smaller tokens.<\/p>\n Data from DefiLlama shows<\/a> that the surge wasn\u2019t limited to locked capital on the DEX, as the protocol\u2019s native PUMP<\/a> token also posted record trading volumes of $1.66 billion over the weekend. <\/p>\n Meanwhile, the price of PUMP spiked almost 70% over the past week and 144% in the past two weeks, to reach an all-time high of $0.00889 yesterday, Sept. 14, according to CoinGecko data.<\/p>\n The influx of trading and price momentum also lifted the platform\u2019s 24-hour revenue to more than $3.1 million as of today, Sept. 15, marking its highest level since mid-February. As of press time, pumpfun is the third-largest protocol in the DeFi space<\/a> by daily revenue, overtaking Hyperliquid<\/a>, per DefiLlama data. <\/p>\n The growth comes about two weeks after pumpfun rolled out<\/a> the first part of its \u201cProject Ascend” ecosystem updates, dubbed \u201cDynamic Fees V1,\u201d on its PumpSwap marketplace. The update changes how Creator Fees work \u2014 creators of smaller cap tokens will receive higher Creator Fees, but the share of fees given to creators drops as the token\u2019s market cap grows. Pumpfun says the change makes it easier for new, smaller projects to get off the ground.<\/p>\n \u201cNow, creating on pump fun will be 10x more rewarding, meaning we\u2019ll see an exponential increase in talent onboarding to pumpfun, from streamers to startups,\u201d pumpfun said in an X thread on Sept. 2.<\/p>\n PUMP\u2019s price performance comes two months after its much-anticipated ICO<\/a>, and what ended up being a bumpy token launch<\/a>, as whales were quick to dump their tokens shortly after the token went live, pushing the price down, despite the platform\u2019s $20 million token buyback program.<\/p>\n The PUMP price has since fully recovered and pushed to new highs, with this recent surge<\/a> driven by the aggressive buybacks \u2014 with pumpfun using 100% of daily revenue to buy PUMP on open markets \u2014 and recent listings on major exchanges. Top centralized crypto exchange Binance<\/a>, along with major South Korean platforms Upbit<\/a> and Bithumb, all listed PUMP for spot trading on Sept. 11, giving more traders a chance to buy and sell it.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The price of PUMP also just hit a new all-time high. The total value locked (TVL) on PumpSwap, the decentralized exchange from Solana-based memecoin launchpad pumpfun, surged to a record $334.81 million this weekend. The DEX’s TVL high came just weeks after pumpfun introduced a new fee structure that rewards creators of smaller tokens. Pumpfun […]<\/p>\n","protected":false},"author":2,"featured_media":405237,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-405236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/405236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=405236"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/405236\/revisions"}],"predecessor-version":[{"id":405238,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/405236\/revisions\/405238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/405237"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=405236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=405236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=405236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"the-defiant\"](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.thedefiant.io%2Fpasted-1757955027373-png-6249a744-454a-45d9-95a6-562b0f9887e7.png&w=2048&q=100\"\/)
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Buybacks and Listings<\/h2>\n