The total number of PumpSwap users has exceeded 1.89 million, accounting for 18.2% of the DEX on the Solana chain in terms of transaction volume

BlockBeats News: On April 20th, according to Dune Panel data, the trading volume of DEX PumpSwap on Solana Chain supported by Pump.fun reported $345.6 million in the past 24 hours, with a trading volume of over $2.76 billion on the 7th. Currently, PumpSwap accounts for 18.2% of the total DEX trading volume on the Solana chain, second only to Raydium's 39.7% and surpassing Meteora's 15.8%. PumpSwap has exceeded 200000 daily active addresses, with a total of 1.89 million users, generating approximately $948000 in daily transaction fee income. BlockBeats previously reported that Pump.fun is competing for a larger share of the Solana on chain DeFi economy. We have launched PumpSwap, a token exchange service based on protocol liquidity pools, to directly compete with automated market makers (AMMs) in the Solana ecosystem that specialize in providing on chain token trading. Pump.fun will directly provide startup liquidity for potential tokens on PumpSwap.