Oh. Em. Gee. Can you believe it? PumpSwap, the plucky new decentralized exchange from Pump.fun, has just whooshed past $1.52 billion in trading volume like it’s nobody’s business. And this, just a week after it popped out into the crypto world. 🌟
According to Dune Analytics, our friendly neighborhood data geeks, PumpSwap DEX has managed more swaps than a high school dance—over 14 million! And it’s raked in a cool $3.03 million in fees. That’s a lot of cheddar for a platform that’s barely out of its crypto diapers. The current trading fee setup is splitting the pie 0.20% for liquidity providers and 0.05% for the protocol, but hold onto your hats, because the Creator Revenue Sharing is coming to town. 🎩
Now, And only 21.40% are in the $10 to $100 range. Meanwhile, 441,000 wallets are dipping their toes in, making PumpSwap the cool new kid on the block with a 19% market share. Take that, Raydium (RAY), with your big, bad 45% market share. 🥜
Built on the ever-so-sexy Solana (SOL), PumpSwap was birthed on Mar. 20 and uses the same constant product automated market maker model as Raydium v4 and Uniswap (UNI) v2. You know, those cool kids who trade without middlemen and use liquidity pools instead of order books. It’s like the decentralized version of a flash mob. And guess what? All the cool Pump.fun coins are now partying on PumpSwap. 🎉
PumpSwap also decided to shake things up by introducing instant migrations, waving goodbye to the previous 6 SOL migration fees. Talk about a welcome party! They’re not just about memecoins either; they’re listing the big boys like Pudgy Penguins (PENGU), Aptos (APT), Tron (TRX), Jupiter (JUP), and LayerZero (ZRO), along with some wrapped assets that are trying to be cool. 🧤
But wait, there’s more! As the Solana memecoin space turns into a hotbed of competition, Raydium has launched LaunchLab, a memecoin factory that’s trying to be like Pump.fun. LaunchLab lets projects play with token pricing like it’s a toy and even lets third-party interfaces set custom fees. But unlike PumpSwap, it’s still trying to find its way to the party. 🎈
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2025-03-26 09:48