By Key Points
- PumpSwap Surpasses $1 Billion in Volume in 7 Days on Solana
- 243K users onboard, $454M in daily volume, and $1.06M in fees..
- No migration fees for tokens launched via Pump.fun.
- Meme coin frenzy drives 40% surge in new tokens, but risk looms.
In a massive shake-up of the Solana DEX landscape, PumpSwap surpasses $1 billion in cumulative trading volume just five days after its launch. Backed by the Pump.fun team, this new decentralized exchange (DEX) is making waves with its ultra-low fees, smooth trading experience, and a growing user base that already hit 243,000.
According to on-chain data from Dune Analytics, PumpSwap recorded $454 million in 24-hour trading volume on March 24 alone. The platform has quickly captured 14% of Solana’s DEX trading volume, chipping away at long-time market leaders like Raydium, which holds 46.1% of the market.
Trading volume on PumpSwap. Source: Dune – Techtoken
In just a week, PumpSwap generated over $1.06 million in trading fees, and total cumulative volume soared to $1.04 billion—a staggering achievement for any newly launched platform.
This development comes amid broader growth in the Solana Layer 1 ecosystem, which has been rapidly scaling thanks to its high throughput and low fees.
🚨 PumpSwap, Pump Fun’s new DEX, surpasses $500 million dollars in trading volume in just 24 hours and over $1 billion since launch. pic.twitter.com/bgHPYumeGU
— Crypto Rug Muncher (@CryptoRugMunch) March 25, 2025
Meme Coins, No Migration Fees, and Lightning Speed Fuel Growth
PumpSwap is deeply integrated with Pump.fun, Solana’s go-to token launchpad. Previously, when tokens completed the bonding curve on Pump.fun, developers had to pay 6 SOL in migration fees and wait hours to list them on Raydium. PumpSwap eliminated this friction, allowing automatic, fee-less token transitions while improving liquidity and speed.
Introducing PumpSwap, Pump’s new native DEX
beginning NOW all coins that complete their bonding curve will migrate directly to PumpSwap
PumpSwap enables
– instant migrations
– 0 migration fees (down from 6 SOL)
– more liquidity
– creator revenue sharing (coming soon)& more 👇 pic.twitter.com/T9BkmmaVVS
— pump.fun (@pumpdotfun) March 20, 2025
This alone gave PumpSwap a serious competitive edge.
And then came the meme coin frenzy.
With a zero-migration model and smoother token launches, the number of new meme coins surged by 40%—hitting 34,000 new tokens in a single day. That’s up from a daily average of 24,000 just a week prior.
PumpSwap also clocked $7.4 million in daily revenue—the highest level the platform has seen, adding even more momentum to its explosive debut.
A crypto analyst summed it up:
Anyone still saying the team at pump are greedy and dont care about the community need to get their facts straight.
one of the reasons pumpswap was created was so they have full control over the fee structure to benefit the users.
coin creators will soon be getting a…
— narc (@narracanz) March 25, 2025
The platform’s next move? A revenue-sharing model for token creators. This would allow developers to earn a slice of PumpSwap’s trading fees—setting the stage for more creator-friendly economics on Solana.
Still, not everything is smooth sailing.
As meme tokens flood the platform, experts at BeInCrypto have raised red flags. Many of these tokens have no real utility or value, and investors risk heavy losses once the hype fades. While PumpSwap’s rise is impressive, the volatility in this meme coin wave could trigger sharp reversals, especially for retail traders chasing quick gains.
Is PumpSwap a Sign of a Bigger Shift in Crypto DEX Dynamics?
The lightning-fast success of PumpSwap raises a big question: are we witnessing the beginning of a new DEX era?
Traditionally, platforms like Uniswap and Raydium dominated DEX volume with more established tokens. Now, platforms catering to rapid token creation and community-driven assets are pulling in huge volumes—even if the tokens themselves are risky.
This trend isn’t isolated. Across the crypto space, we’re seeing speculation and rapid innovation collide. The launch of USD1 stablecoin on BNB Chain sparked fresh rumors about Binance’s future moves. Meanwhile, the crypto market braces for major shifts as 5 key U.S. events could shake up Bitcoin’s price action.
There’s also concern about increased regulatory pressure. Coinbase’s Chief Legal Officer recently warned that Tornado Cash sanctions could return—another reminder of how vulnerable DeFi still is to legal crackdowns.
Even legacy issues still cast a long shadow. The movement of over $1B in Mt. Gox Bitcoin payouts is a chilling reminder of the long tail of past crypto collapses.
In this fast-changing landscape, PumpSwap’s rise highlights both the power of rapid innovation and the fragility of hype-driven growth. For now, it’s riding high. But whether it becomes a lasting player or just another viral moment will depend on how well it can sustain momentum—and deliver real value beyond meme mania.
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