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PumpSwap DEX crosses $10 billion in cumulative volume 10 days after launch
PumpSwap, the new decentralized exchange (DEX) from Pump.fun, has processed $10 billion in trading volume within ten days of launch. It enables memecoins to migrate directly, bypassing Raydium, the leading Solana-based DEX. On Saturday, PumpSwap handled 67.4% of Solana DEX volume, far surpassing Raydium's 18.2%. The platform has generated over $20 million in protocol fees, with liquidity providers earning $5 million. Nearly 700,000 wallets have interacted with PumpSwap. However, Pump.fun's overall trading volume is declining. Meanwhile, Raydium is developing its own memecoin launchpad, LaunchLab. 2 replies
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