PumpSwap Dominates Solana DEX with $3.456 Billion Trading Volume in 24 Hours

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PumpSwap Dominates Solana DEX with $3.456 Billion Trading Volume in 24 Hours

As reported by COINOTAG on April 20th, Dune Analytics highlighted that the **Solana-based DEX** PumpSwap—backed by Pump.fun—has achieved a remarkable **trading volume** of $3.456 billion in just 24 hours. Over the past week, its performance has exceeded $27.6 billion, positioning PumpSwap to capture 18.2% of the total trading volume across **Solana DEX** platforms, trailing behind Raydium‘s commanding 39.7% and surpassing Meteora’s 15.8%. This impressive activity is further underscored by more than 200,000 **daily active addresses** and a user base of 1.89 million, contributing to daily transaction income reaching approximately $948,000.

Previously noted in reports, Pump.fun is strategically positioning itself for greater involvement in the increasingly competitive **Solana DeFi economy**. The introduction of PumpSwap aims to enhance liquidity via **protocol liquidity pools**, directly challenging established automated market makers (AMMs) within the **Solana ecosystem**. Furthermore, Pump.fun is committed to supplying launch liquidity for emerging tokens on PumpSwap, ensuring a robust market entry for innovative projects.