PANews reported on March 31 that according to The Block, the Dune analytics dashboard shows that the new decentralized exchange (DEX) PumpSwap, created by the Pump.fun meme coin issuance platform team, has reached a cumulative trading volume of $2.43 billion in its first ten days since launch. Pump.fun launched this DEX on March 20, aiming to allow successfully issued meme coins to directly migrate to PumpSwap, bypassing Solana ecosystem DEX and automated market maker (AMM) Raydium.

PumpSwap currently ranks second in market share among mainstream DEXs. Last Saturday, PumpSwap's trading volume accounted for 14.5% among top Solana DEXs, while Raydium maintained its lead with a 47.5% share, and Meteora and Whirlpool's trading volumes were between 12% and 13%. PumpSwap has generated over $20 million in protocol fees, with liquidity providers earning over $5 million. Currently, nearly 700,000 wallet addresses have used the protocol, with total transactions exceeding 30 million.