1/ Markets are green and risk is back on the menu.
It's been a month since @pumpdotfun introduced their native AMM and removed graduation fees.
Daily AMM volume has quickly risen to more than $400M, while bonding curve volume has quietly doubled since early March. 

Twitter

Over the past six months, I've gone from being an observer of Web3 to entering the payment industry. Now, I've chosen to stop and cease working on Web3 payments.

This isn't a retreat after a failure, but rather a judgment and adjustment made after truly getting involved. In these past six months, I've traveled to Yiwu, Shuibei, Putian, and even Mexico, seeing how payments are actually implemented in the most prominent places mentioned in reports. I've also been involved, building a Web3 payment MVP, taking over accounts, developing Web3 payment tools, and trying to run my imagined path from the first step to the last.

But the further I went…

An entrepreneur's account: From beginning to end, why I stopped developing Web3 payments.

Pi Coin's price has risen slightly by over 1% in the last 24 hours, but it is still trading more than 20% lower than three months ago. The downtrend has not been reversed, but there is a sign of a shift.

A bearish scenario...

Retail investors are buying in as Pi Coin's price drops – but only large capital inflows can stop the plunge.

A new proposal called "The Cat" is causing a stir in the Bitcoin community by suggesting the possibility of permanently deleting existing Ordinals and Non-Fungible Token from the network, thereby reigniting one of the most debated issues...

The Bitcoin community is fiercely debating the proposal for "The Cat".

2/ While the AMM volumes appear significant, AMM revenues have only just started to reach parity with prior graduation fee revenue. 

3/ The change to instant graduations in March and the recent bounce in the market have contributed to a sharp increase in token graduation rates.
Launched tokens briefly fell to November '24 levels before bouncing back and are now ticking back towards the highs of January. 

4/ While volumes declined 80-90% from peak to trough, pumpfun token volumes have started to dominate overall Solana DEX volume again.
From a low of 12% back in late February, pumpfun token volume as a % of total Solana DEX volume has eclipsed 35% again. 

5/ Even though it seems that the memecoin rotation games have become increasingly short-lived,
pumpfun tokens above $1M market cap appear to be making higher lows compared to pre-election levels. 

6/ Overall, pumpfun seems very much alive and well.
Many metrics are making higher lows on a long-term basis, and token launches and relative volume are grinding back towards their Q1 highs.
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