Trading Apps Fuel $6.35 Billion Crypto Market Surge
The crypto market has seen significant activity in recent days, with the trading apps Fomo and Pump.fun contributing to an impressive $6.35 billion in onchain volume last week.
This is the largest week since the launch of TRUMP in January 2025, with two apps accounting for 70% of the total. The volume was driven by several new meme coins and infrastructure tokens that have reached valuations over $100 million, including ZCAT, Stonk, MEME, and Marscoin.
Pump.fun's app managed $489.5 million, while basedbot handled $450.5 million. However, despite the high volume, total DEX volume across all 787 protocols tracked by DefiLlama came in at $9.18 billion on the day and $217.33 billion over 30 days, up 1.81% on the week.
This suggests that the current trend may be part of a trading apps cycle rather than a local top. As Fomo and Pump.fun continue to share creator rewards, it's likely that this momentum will be sustained in the coming weeks.