Pump.fun Expands Trading Capabilities to Include HyperEVM Tokens

Pump.fun has expanded its trading capabilities to include HyperEVM tokens through USDC. The platform's users can now trade any HyperEVM token using USDC, with referral rewards and near-zero trading fees available.

The addition of HyperEVM support brings the total decentralized finance value on the Hyperliquid L1 network to around $1.59 billion, with USDC accounting for nearly 98% of this amount. The network processed approximately $503 million in decentralized exchange volume over the latest 24-hour period and around $3.75 billion over seven days.

The introduction of HyperEVM tokens on Pump.fun comes as the platform's token economics face supply pressure. On-chain tracking in July showed a significant movement of PUMP tokens from team and investor wallets after a one-year lockup ended, marking the beginning of a three-year vesting period.