- Pump.fun’s daily revenue reached $31,200, surpassing Hyperliquid DEX’s $27,800.
- Bloomberg analysts say a DOGE ETF could launch on Thursday.
- Markets are showing optimism as traders monitor the possibility of another memecoin season.
On Tuesday, the cryptocurrency market remained robust as Bitcoin rebounded ahead of the highly anticipated interest rate decision, an event that could shape the industry’s direction for some time.
Analysts expect a potential breakout if the Federal Reserve cuts rates by 25 basis points.
Pump.fun, a Solana-based launchpad focused on meme tokens, has performed strongly in recent sessions and now records higher daily revenue than Hyperliquid.
At the same time, the original memecoin Dogecoin commanded attention as the community prepared for the potential debut of the first U.S. DOGE ETF on Thursday.
Pump.fun Surpasses Hyperliquid
Following a series of strategic buybacks, the memecoin launch platform has experienced a notable recovery.
Data compiled by CryptoRank shows Pump.fun’s daily revenue outpaced Hyperliquid’s.
On September 15, the decentralized exchange reported $2,780,000 in 24-hour profit, compared with Pump.fun’s $3,120,000 for the same period.
This milestone positions Pump.fun as one of the highest-revenue networks in DeFi, trailing only major players like Tether and Circle.
New token launches, active trading, and fees generated by liquidity provision have all contributed to Pump.fun’s growth, reflecting renewed interest in meme tokens.
Those indicators hint at a potential bull cycle as participants seek high-risk, high-reward opportunities. As attention on the protocol grew, Pump.fun’s native token moved bullishly, with PUMP rising more than 75% over the past seven days to $0.00816.
DOGE ETF Launch Looms
The memecoin ecosystem buzzed with excitement as enthusiasts prepared for the prospect of the first U.S. Dogecoin exchange-traded fund.
Bloomberg analyst Eric Balchunas tweeted that both a Doge ETF and a 40 Act spot XRP ETF are slated for launch on Thursday, noting they were included in an effective prospectus.
Regulatory authorities have been cautious, delaying decisions on multiple spot ETFs in recent weeks, but Balchunas suggested that approvals are still possible. In response to an X user asking why regulators declined Bitwise’s DOGE spot ETF, he said that all 33 Act DOGE ETF filings are now with the SEC and could gain approval within the next couple of months.
If approved, the REX-Osprey DOGE ETF (ticker DOJE) would become the first U.S.-listed ETF to give investors direct exposure to a memecoin, potentially raising Dogecoin’s profile within traditional finance as markets shift focus from hype-driven assets to projects with real-world utility.
DOGE traded higher as the community awaited the week’s key developments, gaining more than 10% over the past week to $0.2652.
Clearing the $0.30 resistance level could spark a larger altcoin rally.
CleanCore Solutions signaled confidence in Dogecoin with three large purchases this week. In its latest acquisition, the firm accumulated 100 million DOGE—about $26.6 million—bringing its holdings to over 600 million DOGE and targeting 1 billion DOGE within 30 days.
Across the broader market, meme tokens collectively held a market capitalization of $8.614 billion with trading volume of $934 million, according to CoinGecko data.