Pump.fun’s new DEX reaches $1B volume a week after launch

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Memecoin launchpad Pump.fun’s new decentralized exchange (DEX), PumpSwap, has surpassed a cumulative trading volume of over $1 billion just one week after its launch, according to blockchain analytics platform Dune.

On March 19, Pump.fun launched its own Solana DEX to create a “frictionless environment” for memecoin trading. Memecoins launched on Pump.fun previously needed to migrate into the Solana DEX Raydium after bootstrapping liquidity, making the trading platform the most popular DEX in Solana. 

The Pump.fun team said these migrations…



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Pump.fun’s new DEX reaches $1B volume a week after launch


Memecoin launchpad Pump.fun’s new decentralized exchange (DEX), PumpSwap, has surpassed a cumulative trading volume of over $1 billion just one week after its launch, according to blockchain analytics platform Dune.

On March 19, Pump.fun launched its own Solana DEX to create a “frictionless environment” for memecoin trading. Memecoins launched on Pump.fun previously needed to migrate into the Solana DEX Raydium after bootstrapping liquidity, making the trading platform the most popular DEX in Solana. 

The Pump.fun team said these migrations…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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