Pump.funs DEX Trading Volume Surpasses $1.2 Billion in Just One Week

The total trading volume on the PumpSwap DEX, developed by the «meme token factory» Pump.fun, exceeded $1.2 billion within the week following its launch. This is evidenced by a dashboard created by a trader known as Adam on Dune.

On March 24, the daily revenue on the platform surpassed $1 million, bringing the project’s total earnings to $2.1 million. On the same day, PumpSwap’s daily trading volume reached $425 million.

Daily swaps on the DEX also peaked at 4.2 million, and since its inception, users have completed over 11 million exchanges.

In its first week, PumpSwap attracted more than 388,000 active users, and liquidity providers earned over $540,000 in fees.

The launch of Pump.fun’s DEX occurred amidst a stagnation in meme coins on Solana. According to Solscan, the number of tokens issued daily dropped from a peak of 95,578 on January 26 to a low of 26,298 coins on March 22.

It’s worth noting that on March 17, the GMCI Meme Coin Index fell by 90% compared to its peak values in December.