On March 25, according to Dune panel data, the DEX PumpSwap on the Solana chain, supported by Pump.fun, reported a trading volume of $454.89 million in the past 24 hours, with a total transaction volume of over $1.045 billion in 6 days of operation. Currently, PumpSwap has occupied 19.2% of the total DEX trading volume on the Solana chain, second only to Raydium's 60.7%, and surpassing Meteora's 6%.
PumpSwap's daily active addresses have exceeded 243,000, with a total of 385,200 users, generating approximately $1.064 million in daily fee income.
BlockBeats previously reported that Pump.fun is vying for a larger share of the Solana chain's DeFi economy. It launched PumpSwap, a token exchange service based on protocol liquidity pools, directly competing with automated market makers (AMMs) in the Solana ecosystem that specialize in on-chain token trading. Pump.fun will directly provide initial liquidity for promising tokens on PumpSwap.
