BlockBeats News, April 20th, according to Dune Analytics, the Solana-based DEX PumpSwap, supported by Pump.fun, reported a trading volume of 3.456 billion USD in the past 24 hours, with a weekly trading volume exceeding 27.6 billion USD. Currently, PumpSwap has captured 18.2% of the total trading volume on the Solana DEX, second only to Raydium's 39.7%, surpassing Meteora's 15.8%.
PumpSwap's daily active addresses have exceeded 200,000, with a total of 1.89 million users generating approximately 948,000 USD in daily transaction fee income.
BlockBeats previously reported that Pump.fun is vying for a larger share of the Solana DeFi economy. It has launched PumpSwap, a token exchange service based on protocol liquidity pools, directly competing with automated market makers (AMMs) that specifically provide on-chain token trading in the Solana ecosystem. Pump.fun will directly provide launch liquidity for promising tokens on PumpSwap.
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