# PumpSwap DEX Achieves $1.5 Billion in Trading Volume During Initial Week
The recently introduced decentralized exchange (DEX) PumpSwap, which is driven by Pump.fun, has witnessed an overwhelming $1.52 billion in trading volume in its opening week alone.
Information from Dune Analytics shows that PumpSwap DEX has already handled over 14 million transactions, creating total fee income of $3.03 million. At the moment, the fee arrangement allocates 0.20% to liquidity providers and 0.05% to the protocol from the 0.25% transaction fee. However, this allocation is scheduled to change with the execution of creator revenue sharing.
In spite of the substantial trading volume, most transactions on PumpSwap are comparatively small. Flipside data reveals that 21.40% of trades are between $10 and $100, while an astounding 65.22% are below $10. The platform presently possesses 441,000 active wallets. As of March 25, PumpSwap has seized 19% of the market share, while Raydium (RAY) still dominates with 45%.
Constructed on Solana (SOL) and introduced on March 20, PumpSwap employs a constant product automated market maker (AMM) model, akin to Raydium v4 and Uniswap (UNI) v2. AMMs are decentralized exchanges that facilitate trading without intermediaries, depending instead on liquidity pools. All Pump.fun tokens that have finished their bonding curve are now featured on PumpSwap.
To simplify trading, PumpSwap has presented instant migration, removing the prior 6 SOL migration fee. The platform also backs trading beyond memecoins, listing tokens like Pudgy Penguins (PENGU), Aptos (APT), Tron (TRX), Jupiter (JUP), and LayerZero (ZRO), along TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America wrapped assets like Coinbase Wrapped BTC (CBBTC), Ethena USDe (USDE), and Frax Finance’s frxUSD and FXS.
As the Solana memecoin area turns out to be progressively competitive, Raydium lately introduced LaunchLab, a memecoin factory providing comparable token creation and launch functionalities as Pump.fun.
LaunchLab permits projects to powerfully modify token pricing and empowers third-party interfaces to set custom fees, clearing the path for varied user experiences.
The hub hasn’t exactly soared as PumpSwap did. It remains fairly clandestine.
