The established launch platform withstood the impact of competitors.

After briefly relaxing its control over the frontline positions of memecoin, pump.fun has once again returned to the dominant position in the fiercely competitive battle for the launch platform with Solana.

After once again overcoming the challenges from emerging competitors, $ PUMP has rebounded by 63% from its recent lows, significantly diluting its valuation ( FDV ) which has risen back to $5 billion.

With continuous income growth, pump has also regained its leading position in terms of token trading volume and deployment numbers. Although Pons and Stonk have introduced new challenges to the token issuance mechanism, the on-chain memecoin market seems to have once again defaulted to using pump.fun as its primary issuance infrastructure.

As the on-chain market cools down, the trading volume of fomo has declined.

After a month of intense activity, on-chain transaction volume began to lose some momentum. As of the week of September 27th, the total volume of DEX transactions on all chains dropped to 48.9 billion US dollars, marking the lowest level in the past 30 days.

However, despite the decline in trading volume, fomo still maintains a loyal user base. Data from Dune Analytics shows that fomo has over 105,000 daily active traders and holds a dominant position among all trading apps in terms of absolute trading volume.

However, this has not prevented pump from setting a new record for itself. Internal data from pump shows that the platform recently recorded a historical high in trading volume based on Solana, which means that Solana remains the default execution layer for memecoin transactions.

$ PUMP rebounds 63% from lower levels

Currently, pump's weekly revenue has exceeded 13.6 million US dollars, once again proving it to be one of the strongest-performing platforms in the cryptocurrency industry. However, despite the protocol having pledged to use 50% of all platform revenues for token buybacks and destruction, pump.fun's current revenue is still not sufficient to fully offset the unlocking arrangements for this asset: these arrangements distribute approximately 7 billion $PUMP tokens to early investors each month, which are valued at around 40.5 million US dollars according to the data provided in the text.

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