Annonces Gate Research: Pump.fun Token Daily Trading Volume Surpasses $2 Billion; Base Tops Single-Day Stablecoin Transfers for the First Time

Gate Research: Pump.fun Token Daily Trading Volume Surpasses $2 Billion; Base Tops Single-Day Stablecoin Transfers for the First Time

2024-10-28 11:11:05 UTC 11957 Lire

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**Gate Research Daily Report: **On October 28, the price of BTC increased by 0.91% over the past 24 hours, currently standing at $67,789, while ETH dropped by 0.23% to $2,476. The S&P 500 index fell by 0.03%, the Nasdaq rose by 0.56%, and the Dow Jones declined by 0.61%. Since July 1, Farcaster’s cumulative revenue has exceeded $2 million, but it grew by only $340,000 in the past four months, reaching $2.34 million. On October 26, the Layer 2 network Base saw single-day stablecoin trading volume surpassing $18.1 billion. On October 24, tokens issued by Pump.fun recorded daily trading volumes exceeding $2 billion on the Solana DEX.

**Market Analysis**: BTC price increased by 0.91%, reaching $67,789, while ETH price declined by 0.23%, currently at $2,476.
**Top Performers**: The most popular tokens in the past 24 hours are SHDW, SXP, and VIRTUAL.
**Data Highlights**: The Layer 2 network Base saw its single-day stablecoin trading volume exceed $18.1 billion, ranking first among all chains for the first time.
**Spotlight Analysis**: The daily trading volume of Pumpfun's issued tokens surpassed $2 billion, outpacing all other tokens within the Solana ecosystem.
**Market Opportunities**: Drop's testnet, in collaboration with Celestia, has launched an Interchain Account feature aimed at enhancing the security of liquid staking.

Explore today's details 👉🏻  [Gate Research: Pump.fun Token Daily Trading Volume Surpasses $2 Billion; Base Tops Single-Day Stablecoin Transfers for the First Time](https://www.gate.io/learn/articles/gate-research-pump-fun-token-daily-trading-volume-surpasses-2-billion-base-tops-single-day-stablecoin-transfers-for-the-first-time/4542?ch=GDR_ann_20241028&utm_campaign=TR_PxEMxbuO&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term= "Gate Research: Pump.fun Token Daily Trading Volume Surpasses $2 Billion; Base Tops Single-Day Stablecoin Transfers for the First Time")

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Oct 29th, 2024

Gate Research: Pump.fun Token Daily Trading Volume Surpasses $2 Billion; Base Tops Single-Day Stablecoin Transfers for the First Time

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