Crypto Majors Dip as Trading Volume Surges Past $6 Billion
Crypto majors took a dip on Friday after a strong jobs report and continued to chop over the weekend, with Bitcoin (BTC) trading at $78.4k, down 1% from the previous day.
The past week saw significant trading volume, with onchain terminals moving $6.35 billion, the largest since the TRUMP launch in January 2025. Trading apps Fomo and Pump.fun accounted for 70% of this total, with Fomo doing $2.38 billion and Pump.fun's trading bot bringing in $2.07 billion.
Several new meme coins and infrastructure tokens saw significant growth, including ZCAT, Stonk, MEME, and Marscoin, which all exceeded $100M in value. The PONS token also soared to $600M+, leading the Robinhood Chain ecosystem.
However, despite these gains, total DEX volume across all 787 protocols tracked by DefiLlama only rose 1.81% on the week and remains at just 20% of its 2025 highs. The data suggests that this is the trading apps cycle, with Fomo and Pump.fun driving growth through their creator rewards and fee rebates.