PumpSwap has reached a cumulative trading volume of 2.43 billion US dollars within ten days of its launch

According to The Block, the Dune Analytics dashboard shows that the new decentralized exchange (DEX) PumpSwap, built by the Pump.fun team of Meme coin issuance platform, has accumulated $2.43 billion in trading volume in the first ten days since its launch. Pump.fun launched this DEX on March 20th, aiming to enable successfully issued Meme coins to be directly migrated to PumpSwap, bypassing the Solana ecosystem DEX and automated market maker (AMM) Raydium. PumpSwap currently ranks second in market share among mainstream DEX. Last Saturday, PumpSwap accounted for 14.5% of the trading volume among several top DEXs in Solana, while Raydium maintained its lead with 47.5% share, while Meteora and Whirlpool both had trading volumes between 12% and 13%. PumpSwap has currently generated over $20 million in agreement fees and liquidity providers have earned over $5 million in revenue. Currently, nearly 700000 wallet addresses have used this protocol, with a total transaction count exceeding 30 million.