Pumpfun Leads in Daily Trading Volume

As of August 6, Pumpfun’s 24-hour trading volume reached $469.67 million, surpassing LetsBonk’s volume of $464.91 million. This data clearly reflects the rising user interest in recent weeks.

Pumpfun’s trading volume showed a weekly increase of +37.59%, while LetsBonk experienced a decrease of -24.14%. This contrast is drawing investor attention toward the Pumpfun ecosystem.

Revenue and Issuance Also Follow the Trend

Not only trading volume, but platform revenue and token creation activity also show Pumpfun pulling ahead of LetsBonk. Especially in recent days, Pumpfun-based memecoins launched have gained attention with high interaction and volume.

A New Era in the Memecoin Ecosystem?

Pumpfun’s rise is igniting a new level of competition among Solana-based memecoin projects. While LetsBonk has long been one of the leading names in the sector, Pumpfun’s recent momentum might reshape the playing field.

Investors and community members are closely watching to see how the ongoing rivalry between these two platforms will unfold in the coming days.

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The post Pumpfun Surpasses LetsBonk! Leadership Shifts in Trading Volume appeared first on Coin Engineer.

The waning interest in the Runes protocol has further reduced the already falling revenue of Bitcoin miners. While roughly half of the transactions on the Bitcoin network are still Runes protocol-related, the number of transactions, which was 800,000 on April 23rd, has now fallen to below 350,000.

This, of course, has also had a negative impact on transaction fees. According to The Block, the 7-day moving average of transaction fees, which had risen to as high as $40, has now fallen below $10 and continues to decline. On the day after the halving, Bitcoin miners were paid a total of $80 million.

All-time Low Reached

Again according to The Block, Bitcoin miners’ revenue has fallen to $0.048 per terahash per second, an all-time low. However, it is worth noting that the value of the 3.125 BTC miners earn per block today is much higher than the 25 BTC they earned in 2013.

Giant Facilities On The Way…

Miners who bought thousands of machines before the halving and opened and will continue to open new facilities are continuing their struggle to outdo each other in this race. Many mining companies, from Bitfarms to RIOT to Cleanspark, will open new facilities with thousands of devices to be delivered in the 3rd quarter of 2024.

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