Memecoin trading on Solana has accelerated to levels not seen since 2025, reinforcing the network's position as the leading blockchain for speculative token trading.
Last week, memecoins accounted for 29% of all DEX volume on Solana for the first time since August 2025. Traders exchanged approximately $2.8 billion worth of memecoins out of the network's total weekly DEX volume of $9.8 billion.
The momentum became even more pronounced over the weekend. Memecoins represented 42% of Solana's daily DEX volume on Saturday, July 25, before recording another strong 37% share on Sunday, July 26.
pump.fun Continues to Lead the Market
pump.fun remains the largest memecoin launchpad across all blockchains as activity continues to recover. The platform processed $92.4 million in trading volume in the last 24 hours while generating $1.17 million in revenue during the same period. Over the past 7 days, pump.fun generated $7.78 million in revenue, maintaining its trend of producing more than $1 million in daily revenue on average.
The protocol has now surpassed $1.3 billion in lifetime revenue, highlighting its continued dominance in the memecoin launchpad market.
Revenue figures also show pump.fun outperforming competing crypto applications. Over the past 24 hours, the protocol generated about 75% more revenue than Hyperliquid, which recorded $667,900 during the same period.
Another sign of increased activity appeared in the platform's token graduation rate. pump.fun's weekly graduation rate climbed to 3.71%, its highest level this year, indicating that a larger percentage of newly launched tokens are reaching the liquidity thresholds required to move beyond the launchpad.
The increase in memecoin trading has also lifted the value of pump.fun's native token. $PUMP gained 18% over the past 24 hours, making it the second best performing cryptocurrency among the top 100 digital assets by market capitalization during the period.
Older and Newer Memecoins See Strong Demand
The renewed interest has not been limited to newly launched tokens. $EPIK, a Solana memecoin first launched in April 2024, surged more than 2,500% over the past 24 hours after attracting renewed interest from traders. The token previously reached an all time high market capitalization of more than $50 million during its first month of trading. At the time of writing, $EPIK is currently trading at an $9 million market cap after reaching an intraday high of approximately $27 million.
Newly launched tokens also recorded significant gains. $CATE saw its market cap jump more than 20,000% in the past 24 hours. The token briefly exceeded a $10.7 million market cap before settling at around $6 million at the time of writing.
The latest data suggests that Solana continues to attract the majority of memecoin activity despite growing competition from other blockchains such as Robinhood.
Higher memecoin trading volumes, record launchpad metrics, improving token graduation rates, and renewed interest in both established and newly launched tokens all point to a market that has regained momentum after a slower period earlier this year.
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