Pump.fun’s new DEX reaches $1B volume a week after launch
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Pump.fun’s new DEX, PumpSwap, recorded daily fees above $1 million on March 24, pushing its all-time revenue to $2.1 million.
Memecoin launchpad Pump.fun’s new decentralized exchange (DEX), PumpSwap, surpassed a cumulative trading volume of $1 billion a week after its launch, according to blockchain analytics platform Dune.
On March 19, Pump.fun launched its Solana DEX to create a “frictionless environment” for memecoin trading. Previously, memecoins launched on Pump.fun needed to migrate into the Solana DEX Raydium after bootstrapping liquidity, despite which the trading platform became the most popular DEX in Solana.
Still, the Pump.fun team said these migrations slowed token momentum and introduced “needless complexity” for new users. With the new DEX, the project said migrations happen instantly and are free.
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