PumpSwap Hits $1.64B Volume In One Week After Launch

PumpSwap, the decentralized exchange (DEX) originating from the memecoin deployment platform Pump.fun, has reported a remarkable $1.64 billion in trading volume within its launch week.

Data from Dune Analytics indicates that most of this volume, exceeding $500 million, was generated within the past 24 hours alone. This surge in activity underscores the platform’s rapid adoption and the intense interest surrounding its offerings.

PumpSwap Hit Trading Volume Milestone

Since its inception on March 20, 2025, PumpSwap has helped with 12.58 million swaps by over 401,000 active traders. In the last 24 hours, $535.90 million was swapped, involving over 449,000 active wallets.

One reason for PumpSwap’s early success is its fee structure. The platform charges a 0.25% fee for each swap, with 0.20% going to liquidity providers and 0.05% to the protocol itself. This is meant to encourage people to use and keep the platform running.

Furthermore, PumpSwap automatically moves tokens when their bonding curves on Pump.fun are done. This makes trading easier within the system, causing less trouble and simplifying things for users. Notably, the platform noted they plan to share revenue with creators in the future, but the details are not yet known.

According to Pump.fun, PumpSwap was created to simplify coin trading and reduce the need for other exchanges. This moves trading to Solana and makes it a central place for memecoins.

Will PumpSwap Overtake Raydium?

The Solana decentralized exchange (DEX) market is changing quickly, with new competitors appearing. PumpSwap, a growing DEX, is getting noticed because its trading volume and user base are increasing.

This has led to talk about whether it could compete with Raydium, the top DEX on Solana right now, which had $2.53 billion in volume last week, according to Defillama data. Raydium handles about 28% of the DEX volume on Solana.

PumpSwap is fifth behind Orca, Meteora, and Lifinity. However, Raydium is not ignoring PumpSwap’s rise. It recently launched LaunchLab, a platform for creating tokens to compete with Pump.fun.

Overall, this competition in the Solana system is helping the entire network. The SOL coin is recovering well, increasing by 2% on the last day and 17% in the past week. It shows a positive feeling about the Solana network and its changing DEX market.

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