The Solana-based launchpad Pump.fun has seen a resurgence, sending its token market capitalization back above $1 billion in just two weeks thanks to aggressive buyback programs. This follows the platform’s recent surge in revenue and trading volume, driven by increased user engagement with their memecoin ecosystem. Pump.fun’s native PUMP token has seen impressive gains in the past month, with a 32% rise over 30 days and currently trading around $0.0032. 50% below its initial offering price of $0.004, the token briefly hit $2.2 billion before experiencing a market correction earlier this year. This volatility is typical for Solana-based meme assets. 86% of all Solana token graduations flow through Pump.fun’s platform, reclaiming lost market share from competitors like LetsBonk and crossing the $800 million revenue milestone since its launch. This success has come alongside a surge in revenue for the launchpad, with daily income exceeding $1 million starting August 6th. Trading volumes on the platform have also been impressive, exceeding $210 million in the last 24 hours. 50% of Solana’s total DEX volume originates from Pump.fun, highlighting its dominance within this space. The boom is a stark contrast to the broader slowdown seen across the Solana decentralized exchange (DEX) sector, with daily active users falling below one million for three consecutive days — marking a notable shift as pump activity increasingly concentrates on the platform.