PumpSwap DEX Surpasses $1.2 Billion in Trading Volume

The total trading volume on PumpSwap, a DEX from the “meme token factory” Pump.fun, exceeded $1.2 billion within a week of its launch. This is evidenced by a dashboard created by a trader known as Adam on Dune.

On March 24, daily fees on the platform exceeded $1 million, raising the project’s total revenue to $2.1 million. On the same day, PumpSwap’s daily trading volume reached $425 million. 

Daily swaps on the DEX also peaked at 4.2 million. Since its launch, users have conducted over 11 million exchanges.

In the first week, the number of active PumpSwap users surpassed 388,000. Commissions for liquidity providers amounted to over $540,000.

The launch of Pump.fun’s DEX occurred amid stagnation of meme coins on Solana. According to Solscan, the number of tokens issued daily decreased from a peak of 95,578 tokens on January 26 to a low of 26,298 coins on March 22.

Back on March 17, the GMCI Meme index fell by 90% compared to its peak levels in December.