Pump.Fun’s PumpSwap DEX processed $2.5B of trades last week, up 40%

PumpSwap, Pump.Fun's decentralized exchange, processed $2.5 billion in trades last week, a significant increase from the previous week's $1.8 billion. Launched in late March, the DEX quickly surpassed $1 billion in volume during its first week. Daily trade counts peaked at over 6.1 million on April 12th, with daily active wallets reaching almost 264,500. PumpSwap's daily volume hit a record high of $417.8 million on April 15th. Daily fees also reached a record of over $1.05 million on April 14th, comprising liquidity provider and protocol fees. The platform's 0.25% fee structure generated $14.2 million in lifetime fees. Data reveals 506 wallets earned over $1 million on Pump.Fun, with one wallet accumulating nearly $40.6 million in 30 days. PumpSwap's success highlights the considerable trading activity within the memecoin market. The platform's rapid growth demonstrates significant user engagement and profitability.