The Memecoin Launchpad Pump.Fun’s New Decentralized Exchange (DEX), Pumpswap, exceeds a combined -joint trading volume of more than $ 1 billion a week just after its launch, according to the blockchain analytics platform Dune.
On March 19, pump.fun Launched its own Solana Dex To create a “frictionless environment” for memecoin trading. The memecoins were launched at the pump.fun required to move to Solana Dex Raydium after bootstrapping liquidity, making the trading platform the most popular Dex in Solana.
The pump.fun team said these transfers slow down the token momentum and introduced “unnecessary complexity” for new users. In the new Dex, the project said transfers are happening immediately and free.
One week after the launch, the pumpswap reached a combined -a volume of more than $ 1 billion. A Dune Analytics Dashboard of Onchain analyst Adam_tehc shown That pumpwap has a full time trading volume of $ 1.1 billion in the first seven days.
The pumpswap dex lifetime trading volume reached. Source: Dune analytics
Pumpswap exceeds $ 1.1 billion in trading volume
On its first day, the platform has a moderate trading volume of nearly $ 50 million. On March 24, the spiked volume eight times, recording more than $ 425 million in trading volume.
The day -to -day swap on the platform sank on March 24, recorded 4.2 million transactions. The combined number of DEX swaps exceeds 11 million, while the number of active users reached more than 388,000, according to data.
Data also showed that pumpswap protocol fees exceeded $ 2.1 million, while liquidity fees exceeded $ 540,000. According to the creator of the Dune Dashboard, the $ 1 million day -day pumpswap fee formed on March 24 is “in PAR” with a pump.fun.
Source: Adam_tehc
Pumpswap’s launch follows Raydium’s news plan Create its own memecoin launchpadLaunchlab. The latest movements within the ecosystem change the dynamics between the pump.fun and Raydium, which rotates two Solana projects from the partners to competitors.
Related: Dubai Regulator said the Memecoins should comply with regulations
Pump.Fun launched Dex in the middle of a memecoin refusal
Pump.Fun Launching a new business arrived while Solana Memecoin Frenzy began to lose steam. Solscan data Shut up Solana’s daily token-mining sank at 95,578 on January 26. Since then, daily mints have refused, declining 26,298 mints on March 22.
In addition to successful new lists From the tokens created on the pump.fun refused. Dune analytics data shown that the sunny number of tokens completed the pump.fun’s “bonding curve,” a requirement for the DEX list, dropped from about 1,200 on January 23 and 24 to 149 on March 20.
Memecoin also denial Solana’s weekly income affected. On March 11, the weekly revenue of the network dropped to $ 4 million from the high $ 55.3 million in mid -January, at the height of the Memecoin Frenzy. This represents a 93% collapse in the total weekly blockchain income.
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