PumpSwap’s total number of users exceeded 700,000 on the 10th day of its launch, and the total transaction volume was close to US$2.5 billion

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On March 31, according to Dune panel data, the Solana chain DEX PumpSwap supported by Pump.fun reported a trading volume of $215.8 million in the past 24 hours, with a total transaction volume exceeding $2.43 billion within 10 days of launch. Currently, PumpSwap accounts for 14.5% of the total DEX trading volume on the Solana chain, reaching a peak of 18.6%, second only to Raydium's 42%.

PumpSwap's daily active addresses peaked at 243,000, with 158,000 daily active addresses yesterday, and total users surpassing 700,000. It generates approximately $5.14 million in daily fee income, with a total protocol income of $5.48 million and LP income of $21.92 million in the first 10 days.

Pump.fun is competing for a larger share of the Solana chain's DeFi economy. It has 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.

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