Volcanic activity at Payún Matrú commenced during the Plio-Pleistocene period, and generated lava fields such as Pampas Onduladas, the Payún Matrú shield volcano and the Payun volcano. After the formation of the caldera, volcanism continued both within the caldera as lava domes and flows, and outside of it with the formation of scoria cones and lava flows east and especially west of Payún Matrú. Volcanic activity continued into the Holocene until about 515 years ago; oral tradition of local inhabitants contains references to earlier eruptions.