PumpSwap smashes past $10B in total volume just 10 days after launch, as the memecoin-fueled DEX from the Pump.fun crew catches fire fast.

PumpSwap, a new Solana-based decentralized exchange built by the team behind memecoin launchpad Pump.fun, surpassed $10 billion in cumulative trading volume within 10 days of launch, according to on-chain dashboards and industry coverage. The DEX went live around March 19–21, 2025 and is designed as a native trading venue for tokens created on Pump.fun, allowing memecoins to list and trade directly without first migrating liquidity to incumbent Solana DEXs such as Raydium. In its first days, PumpSwap also generated around $20 million in protocol fees, attracted roughly 700,000 unique wallets, and processed more than 30 million swaps, indicating unusually high early user engagement for a newly launched protocol. The rapid growth positions PumpSwap as a major new competitor in Solana’s DEX landscape and underscores the resilience of memecoin-driven trading activity, even as the broader memecoin market has seen episodes of sharp volatility and drawdowns. Data aggregators show PumpSwap quickly capturing a meaningful share of Solana DEX volume, challenging Raydium’s historical dominance and contributing to Pump.fun’s broader rise as a high-fee-generating memecoin ecosystem. For the Solana DeFi market, PumpSwap’s early traction highlights how specialized infrastructure tailored to memecoins—combining token creation, liquidity provisioning, and trading in a single venue—can rapidly concentrate order flow and liquidity, with implications for fee distribution, market share among DEXs, and the sustainability of memecoin-led volumes.

✨ AI-generated background, compiled from web sources — not editorial content.

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• DEX
• PUMP
• Launch
• Memecoins