PumpSwap DEX volume hits $1.5B one week after launch

The new decentralized Pump.fun, Pumpswap, reached $ 1.52 billion in the volume of negotiations one week after the launch.

Analytics of the dunes data shows that Pumpswap Dex has managed more than 14 million exchanges, reports a total of $ 3.03 million in fees. The current structure of negotiation costs of 0.25% allocates 0.20% to liquidity suppliers and 0.05% in the protocol. However, this will change after the implementation of the creator’s income sharing.

The majority of Pumpswap transactions are low despite the high trading volume. According to data From the reverse, 21.40% of transactions are between $ 10 and $ 100, while 65.22% involve amounts less than $ 10. 441,000 portfolios are currently active on the platform. Since March 25, Pompewap detained A market share of 19%, with Raydium (RADIUS) Always leading to 45%.

Built at the top of Solana (GROUND), Pumpswap was spear March 20 and uses a constant automated market for automated market manufacturer, just like Raydium V4 and UNISWAP (UNITED) V2. AMMs are decentralized exchanges that allow trading without intermediaries using liquidity pools rather than control books. All Pump.fun parts that finish their liaison curve are now listed on Pumpswap.

To rationalize trading, Pumpswap has introduced instant migrations, removing the 6 previous soil migration costs. The platform also supports trading beyondPromises), Adjust (Fit), Tron (Trx), Jupiter (Jupp), and layerzero (Zro), as well as active active as the BTC wrapped in Coinbase (CBBTC), Ethena Usde (TO USE), and FRXUSD and FXS of Frax Finance.

While the competition in the Solana memecoin space warms up, Raydium recently spear Launchlab, a same factory offering token features and launch features similar to Pump.fun.

Launchlab allows projects to adjust token prices dynamically and also allows third -party interfaces to define personalized costs, allowing a variety of user experiences. Unlike Pumpswap, the platform has not yet accumulated significant traction.