tl;dr
PumpSwap, a newly launched decentralized exchange (DEX) on the Solana blockchain, has quickly reached significant milestones. Since its launch on March 20, 2025, PumpSwap has achieved impressive milestones, with a 24-hour trading volume of $454 million on March 24, attracting 243,000 users and gener...
PumpSwap, a newly launched decentralized exchange (DEX) on the Solana blockchain, has quickly reached significant milestones. Since its launch on March 20, 2025, PumpSwap has achieved impressive milestones, with a 24-hour trading volume of $454 million on March 24, attracting 243,000 users and generating $1.06 million in trading fees. The platform's total trading volume reached $1.04 billion in just seven days.
Developed by the Pump.fun team, the platform aims to reshape the DEX space on Solana, offering a seamless trading experience with low fees and addressing the migration issues faced by tokens on other platforms. The emergence of PumpSwap intensifies competition with other DEXs on Solana and benefits users, although it also comes with warnings about the high risks associated with meme coin booms on DEXs.
PumpSwap's emergence benefits users and intensifies competition with other DEXs like Raydium, which currently holds a 46.1% market share on Solana. Additionally, the platform's daily revenue reached $7.4 million, the highest level in the past month. However, BeInCrypto has warned that the meme coin boom on DEXs like PumpSwap comes with high risks, as many of these tokens lack intrinsic value and may collapse after a period of rapid growth.