According to data from DefiLlama, the trading volume of the PUMP token on decentralized exchanges reached a historic high in early January, hitting $2.036 billion, thanks to the overall rebound in the meme coin market sentiment. Although the total market cap of meme coins increased by approximately 13% over the past 30 days, and trading volumes across various sectors grew by over 40%, the activity on the pump.fun platform remains below the peak seen at the end of 2024, indicating that this surge in trading volume is driven by targeted demand for PUMP rather than a rebound in platform engagement. The total value locked (TVL) in PUMP has reached $229.6 million, supporting sustained high trading volumes.
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According to data from DefiLlama, the trading volume of the PUMP token on decentralized exchanges reached a historic high in early January, hitting $2.036 billion, thanks to the overall rebound in the meme coin market sentiment. Although the total market cap of meme coins increased by approximately 13% over the past 30 days, and trading volumes across various sectors grew by over 40%, the activity on the pump.fun platform remains below the peak seen at the end of 2024, indicating that this surge in trading volume is driven by targeted demand for PUMP rather than a rebound in platform engagement. The total value locked (TVL) in PUMP has reached $229.6 million, supporting sustained high trading volumes.