{"id":18955,"date":"2025-03-25T12:17:24","date_gmt":"2025-03-25T12:17:24","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18955"},"modified":"2025-03-25T12:17:24","modified_gmt":"2025-03-25T12:17:24","slug":"pump-funs-new-dex-reaches-1b-volume-a-week-after-launch","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18955","title":{"rendered":"Pump.fun\u2019s new DEX reaches $1B volume a week after launch"},"content":{"rendered":"
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\"Pump.fun\u2019s<\/p>\n

Memecoin launchpad Pump.fun\u2019s new decentralized exchange (DEX), PumpSwap, has surpassed a cumulative trading volume of over $1 billion just one week after its launch, according to blockchain analytics platform Dune.<\/p>\n

On March 19, Pump.fun launched its own Solana DEX<\/a> to create a \u201cfrictionless environment\u201d for memecoin trading. Memecoins launched on Pump.fun previously needed to migrate into the Solana DEX Raydium after bootstrapping liquidity, making the trading platform the most popular DEX in Solana.\u00a0<\/p>\n

The Pump.fun team said these migrations slowed token momentum and introduced \u201cneedless complexity\u201d for new users. With the new DEX, the project said migrations happen instantly and for free.\u00a0<\/p>\n

A week after launch, PumpSwap reached a cumulative volume of more than $1 billion. A Dune Analytics dashboard by onchain analyst Adam_Tehc showed<\/a> that PumpSwap had an all-time trading volume of $1.1 billion in its first seven days.\u00a0<\/p>\n

\"Pump.fun\u2019s
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PumpSwap DEX lifetime trading volume reaches. Source: Dune Analytics<\/em><\/p>\n<\/figcaption><\/figure>\n

PumpSwap exceeds $1.1 billion in trading volume\u00a0<\/h2>\n

During its first day, the platform had a modest trading volume of about $50 million. On March 24, the volume spiked eight times, recording over $425 million in trading volume.\u00a0<\/p>\n

Daily swaps on the platform peaked on March 24, recording 4.2 million transactions. The DEX\u2019s cumulative number of swaps surpassed 11 million, while the number of active users has reached over 388,000, according to the data.\u00a0<\/p>\n

The data also showed that the fees on the PumpSwap protocol exceeded $2.1 million, while liquidity provider fees exceeded $540,000. According to the Dune Dashboard\u2019s creator, PumpSwap\u2019s $1 million daily fees generated on March 24 are already \u201con par\u201d with Pump.fun.\u00a0<\/p>\n

\"Pump.fun\u2019s
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Source: <\/em>Adam_tehc<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

PumpSwap\u2019s launch follows news that Raydium plans to create its own memecoin launchpad<\/a>, LaunchLab. The latest movements within the ecosystem shift the dynamics between Pump.fun and Raydium, turning the two Solana projects from partners into competitors.\u00a0<\/p>\n

Related: <\/strong><\/em>Dubai regulator says memecoins must adhere to regulations<\/strong><\/em><\/a><\/p>\n

Pump.fun launches DEX amid memecoin decline<\/h2>\n

Pump.fun launching a new business comes as the Solana memecoin frenzy began to lose steam<\/a>. Solscan data shows<\/a> that Solana\u2019s daily token-minting peaked at 95,578 on Jan. 26. Since then, the daily mints declined, bottoming at 26,298 mints on March 22.\u00a0<\/p>\n

In addition, successful new listings<\/a> from tokens created at Pump.fun declined. Dune Analytics data showed<\/a> that the daily number of tokens completing Pump.fun\u2019s \u201cbonding curve,\u201d a requirement for DEX listing, dropped from highs of almost 1,200 on Jan. 23 and 24 to 149 on March 20.\u00a0<\/p>\n

The memecoin decline also affected Solana\u2019s weekly revenue<\/a>. On March 11, the network\u2019s weekly revenue dropped to $4 million from its high of $55.3 million in mid-January, at the height of the memecoin frenzy. This represents a 93% drop in the blockchain\u2019s total weekly revenue.\u00a0<\/p>\n