PumpSwap DEX Surges to $10 Billion in Volume in 10 Days, Capturing 67.4% of Solana Market with $2.43B Trading Volume

PumpSwap, a decentralized exchange (DEX) launched by Pumpfun, has quickly established itself as a dominant player in the Solana ecosystem. Within just ten days of its launch on March 20, 2025, PumpSwap processed over $10 billion in cumulative trading volume, according to data from Dune Analytics. On March 30, it achieved a remarkable $2.43 billion in trading volume, capturing 67.4% of the total volume processed by major Solana DEXs, significantly outpacing Raydium, which accounted for 18.2%. The rapid growth of PumpSwap reflects a shift in the Solana DEX landscape, as it has become the largest fee generator on the platform. The exchange has also attracted a substantial user base, boasting approximately 700,000 active wallets and facilitating over 30 million swaps in its first ten days. This surge in activity comes amid a decline in overall Solana DEX activity, indicating a competitive environment for liquidity among decentralized exchanges.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.