PumpSwap Surpasses $1 Billion in Trading Volume in 7 Days

PumpSwap, a newly launched decentralized exchange (DEX) on the Solana blockchain, has achieved a significant milestone by surpassing $1 billion in trading volume within just seven days of its launch. Developed by the Pump.fun team, this platform offers a seamless trading experience with low fees and aims to reshape the DEX space on Solana.

Since its launch on March 20, 2025, PumpSwap has attracted a substantial user base and generated impressive trading volumes. On March 24, the platform recorded a 24-hour trading volume of $454 million, with 243,000 users and $1.06 million in trading fees. This rapid growth highlights PumpSwap's potential to become a major player in the Solana ecosystem, accounting for 14% of Solana’s total DEX trading volume in less than a week.

The launch of PumpSwap is a strategic move by Pump.fun, a leading token launchpad on Solana. Previously, tokens that completed the bonding curve on Pump.fun had to pay a 6 SOL fee to migrate to Raydium, a process that often took hours. PumpSwap was designed to eliminate this issue by allowing tokens to transition automatically without fees, providing higher liquidity and faster transactions. This innovation not only benefits users but also intensifies competition with other DEXs like Raydium, which currently holds a 46.1% market share on Solana.

PumpSwap’s emergence has also led to an increase in the number of new tokens created on Pump.fun. On March 24, 34,000 meme tokens were created, representing a 40% increase compared to the daily average of 24,000 tokens in March. The platform’s daily revenue reached $7.4 million, the highest level in the past month. However, the meme coin boom on DEXs like PumpSwap comes with high risks, as many of these tokens lack intrinsic value and may collapse after a period of rapid growth.

PumpSwap’s success can be attributed to its user-friendly interface and innovative features. The platform plans to introduce a revenue-sharing model for token creators shortly, which will incentivize new projects to join. This initiative is expected to further boost PumpSwap’s growth and solidify its position in the Solana ecosystem. The platform’s ability to attract a large number of users and generate significant trading volumes in such a short period is a testament to its potential to disrupt the DEX market.

In summary, PumpSwap’s rapid growth and innovative features have positioned it as a major player in the Solana ecosystem. The platform’s success highlights the potential of decentralized exchanges to provide a seamless trading experience with low fees and high liquidity. As PumpSwap continues to evolve and introduce new features, it is poised to become a leading DEX on the Solana blockchain, benefiting both users and token creators alike.