Memecoin Launchpad Pump.Fun Up-to-date Decentralized Exchange (DEX), Pompswap, exceeded the total trading volume of over $ 1 billion just a week after its launch, according to the blockchain Analytics platform.

On March 19, Pump.Fun launched his own Solana Dex to create “without friction of the environment” for Memecoin Trading. Memecoins has started on the pump

Pump.Fun said that these migrations slowed down the token and introduced “unnecessary complexity” for recent users. Thanks to the recent Dex, the project said that migrations occur immediately and for free.

A week after starting Pumpswap, he reached a total volume of over $ 1 billion. Dune Analytics dashboard carried out by an analyst onchain adam_tehc shown Pumpswap had all time in the amount of $ 1.1 billion in the first seven days.

Pumpswap exceeds $ 1.1 billion

On the first day, the platform had a miniature volume of rotation of about $ 50 million. On March 24, the volume increased eight times, registering over $ 425 million of the commercial volume.

Daily swaps on the platform reached the peak on March 24, registering 4.2 million transactions. According to data, the cumulative number of DEX swaps exceeded 11 million, while the number of busy users reached over 388,000.

The data also showed that the fees for the Pompswap protocol exceeded USD 2.1 million, and the fees for the liquidity supplier exceeded USD 540,000. According to the creator of Dune Dashboard, the daily fees of Pumpswap $ 1 million generated on March 24 are already “on an equal footing” with a.fun pump.

Launching pumps is a consequence of the news that Raydium is planning Create your own memecoin launchpadLaunchlab. The latest movements in the ecosystem change the dynamics between Pump.Fun and Raydium, transforming two Solana projects from partners into competitors.

Related: The Dubai regulator claims that Memecoins must follow the regulations

Pump

Pump.Fun starting a recent company appears when the madness of Solana Memecoin began to lose couples. Solscan data can be seen Daily Solana token reached the peak of 95 578 on January 26.

In addition, successful recent offers of tokens created in Pump.Fun have fallen. Dune Dune Analytics shown that the daily number of tokens filling the pump. Fun “binding curve”, the requirement of Dex letters, fell from a maximum of almost 1200 on 23 and 24 to 149 on March 20.

The decrease in Memecoin also affected the weekly salted revenues. On March 11, weekly network revenues fell to $ 4 million from the highest level of $ 55.3 million in mid -January, at the top of Memecoin Frenzy. This is a decrease in 93% in total weekly blockchain revenues.

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