PumpSwap DEX Exceeds $1 Billion in Volume in First Week, Generates $1 Million in Daily Fees

PumpSwap, the new decentralized exchange (DEX) from memecoin launchpad Pump.fun, has achieved a trading volume exceeding $1 billion within its first week, according to Dune Analytics. Launched on March 19, PumpSwap aims to streamline memecoin trading on Solana. On March 24, the DEX recorded daily fees above $1 million, pushing its all-time revenue to $2.1 million. Daily swaps peaked at 4.2 million transactions on the same day, with over 388,000 active users. The platform's cumulative swaps surpassed 11 million. This rapid growth positions PumpSwap as a significant player in the Solana memecoin ecosystem, despite an overall decline in Solana's weekly revenue from $55.3 million in mid-January to $4 million on March 11.