- PumpSwap DEX has handled trades worth $2.5 billion in the week starting April 6
- The amount is 40% higher than what it processed in the previous week
- The DEX has processed over $7.5 billion since its launch in March
Pump.fun’s DEX PumpSwap processed close to $2.5 billion in the week starting April 6, a 40% increase from the $1.76 billion it handled in the previous week. The DEX has processed over $5.1 billion so far this month, with a cumulative volume of over $7.5 billion since its launch in March. According to DeFiLlama, the total value locked (TVL) has also been on the rise from $23 million in its first week to the current $51.76 million, indicating that DEX users are getting comfortable depositing and leaving their assets on PumpSwap.
USD Inflows Rise by Over $1 Million
USD inflows in the week starting on April 6 also increased by more than $1 million to $7.7 million from what users deposited on the previous week. The amount, however, is slightly lower than the $8.1 million it registered in its first week of trading.
According to Dune Analytics, PumpSwap controls 13.6% of the DEX market share on Solana, with Raydium leading with 42.1%, followed by Meteora with 16.4%. Dune also revealed that PumpSwap handled more than 6.6 million swaps yesterday, April 15.
The DEX has also experienced a rise in both new and returning users. The daily count of new users has surpassed the 100,000 mark on only two occasions: March 24 and April 14. Daily returning users peaked at an all-time high of 174,212 on April 15.
The Amount Is 1.5x Higher
The $2.5 billion processed in a week is 1.5x higher than the $1 billion PumpSwap processed in its first week of trading. PumpSwap’s popularity grew due to the competition between Raydium and Pump.fun. Raydium has since announced the launch of a Pump.fun-like platform LaunchLab.
With PumpSwap growing in popularity, it’ll likely overtake Raydium as the leading DEX on Solana.
