PumpSwap processed $2.5 billion in weekly trades, with record-breaking daily fees and over 500 wallets earning $1 million or more from memecoin trading.
Market data shows PumpSwap, the decentralized exchange of memecoin launch platform Pump.Fun, processed $2.5 billion of trades last week.
DefiLlama data shows that in the week of April 6, PumpSwap saw a trading volume increase of nearly 40% over the previous week starting on March 30, with its trading volume of $1.8 billion. Since its launch in late March, the decentralized exchange (DEX) has processed $98.4 million of trades.
The news follows Pump.Fun launching PumpSwap on March 19, as a dedicated “frictionless environment” for trading memecoins. The DEX attracted considerable trading activity, exceeding $1 billion of volume in its first week of activity.
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