The new kid on the blockchain is making serious waves. PumpSwap, the decentralized exchange launched by Pump.fun on March 20, 2025, isn’t just surviving—it’s thriving. In a market where most platforms struggle to gain traction, this Solana-based DEX captured a staggering 21% market share in its first week. Not too shabby for a newcomer.
The numbers don’t lie. PumpSwap blasted past $1 billion in total trading volume within just seven days of launch. On March 24, it processed an eye-popping $454 million in 24-hour volume. By March 27, that figure jumped to $535.90 million in a single day. The platform recently generated over $500 million volume in the last 24 hours alone. Traders aren’t just dipping their toes—they’re diving in headfirst.
User adoption? Off the charts. The platform has attracted 243,000 active users, with a total of 401,000 traders since launch. Some 449,000 active wallets were recorded in a single 24-hour period. That’s not just growth—that’s an explosion.
Behind this surge is the ongoing meme coin boom. Token creation increased by 40% since PumpSwap’s launch, with 34,000 meme tokens created on March 24 alone. That’s remarkably higher than March’s previous daily average of 24,000. Interestingly, the vast majority of trades are small transactions under $10, showing users are testing the waters before committing larger amounts. Creators are flocking to the platform like teenagers to a free concert. Unlike centralized exchanges, PumpSwap users maintain complete control of funds until the moment their trades are executed.
The fee structure is straightforward—0.25% per swap, with 0.20% going to liquidity providers and 0.05% to the protocol. This simple approach has generated $2.4 million in protocol fees and $600,000 for liquidity providers. Ka-ching!
PumpSwap now ranks as the second-largest automated market maker on Solana, trailing only behind Raydium’s 46.1% market share. It’s already surpassed established competitors like Whirlpool, Orca, and Meteora.
Future plans include a revenue-sharing model for token creators and automatic migration from Pump.fun without the previous 6 SOL fee. Smart move. At this rate, PumpSwap isn’t just reshaping Solana’s DEX landscape—it’s redefining it completely.
