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PumpSwap: A Titanic Trading Triumph in a Week? You Won’t Believe It!

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So, here we are, folks. PumpSwap, a brand-spankin’ new decentralized exchange on Solana, has somehow exploded faster than my Aunt Patty at an all-you-can-eat buffet.

Created by a bunch of wizards at Pump.fun, this platform is supposedly all about giving you a smooth trading experience with fees so low, you’d think they were sponsored by your favorite dollar store. Their mission? To shake up the DEX realm on Solana like a toddler with a snow globe.

PumpSwap’s Cumulative Trading Volume Has Rocked Past $1 Billion (and No, That’s Not a Typo)

Since it burst onto the scene on March 20, 2025, PumpSwap has hit some impressive milestones. I mean, we’re talking less time than it took me to binge-watch an entire season of a show I can’t recall right now.

According to critics, also known as Dune analytics, by March 24, PumpSwap had a jaw-dropping 24-hour trading volume of $454 million. 🤯 With 243,000 users and a cool $1.06 million in trading fees, I have to wonder: who knew there were that many people with wallets deep enough to invest in… whatever this is? Oh, and did I mention this little exchange racked up an impressive 14% of Solana’s overall DEX trading volume? Not bad for a platform that’s still in diapers.

In just seven days, PumpSwap’s trading volume reached an eye-watering $1.04 billion. It’s like watching a toddler discover sugar for the first time—chaotic and fun to observe!

The launch of PumpSwap is an exciting chapter in the Pump.fun saga, a.k.a. their master plan to rule the crypto jungle. Can you believe that before now, anyone trying to migrate from Pump.fun to Raydium had to cough up a 6 SOL fee? And the whole process? It was slower than a dial-up internet connection on a Sunday. PumpSwap was birthed to crush that pain point, allowing tokens to move along like they’re on a freeway during rush hour, but with none of the fees. Delightful!

To sweeten the pot, they’re rolling out a revenue-sharing plan for token creators soon. This strategy is like offering free cookies at a bake sale: it’s bound to attract some new friends. And let’s not forget, this new contender in the market is essentially throwing a piñata for other DEXs like Raydium, who currently reign with a whopping 46.1% market share. Good luck with that!

“Anyone still saying the team at Pump are greedy and don’t care about the community needs to get their facts straight,” declared a crypto expert in tones that suggested he was either very knowledgeable or just had a vendetta against all things Raydium. “PumpSwap was made to give them control over the fees to benefit the users. Coin creators will soon be swimming in revenue! Why do it anywhere else?” Well, why indeed?

Ever since this golden goose started laying its eggs, the number of new tokens on Pump.fun has seen a minor surge. Data from Dune—and I must say, I love that name—shows that 34,000 meme tokens were birthed on March 24 alone. That’s a 40% increase over the measly daily average of 24,000 tokens. Someone should warn my mom about this meme coin boom!

Furthermore, PumpSwap’s daily revenue hit an impressive $7.4 million, the highest it’s seen in a month. It’s enough to make a Financial Times analyst shed a single tear of joy.

However, a word of caution from BeInCrypto: the meme coin boom at places like PumpSwap isn’t without its risks. Many of these tokens are about as valuable as my neighbor’s Christmas lights—bright for a moment, but destined to collapse in a spectacular puff of disappointment. 🎉

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2025-03-25 16:41

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