Pumpswap Hits Record $488 Million in Daily Trading Volume, Eyes Market Growth

PumpSwap’s Explosive Growth Looks to Challenge Raydium in Solana DEX Wars

Pumpswap, the newly launched dex by Pump.fun, has quickly made its mark on the Solana blockchain, recording an all-time high daily trading volume of $488.74 million on Tuesday, March 25. Over the past seven days, trading volume has reached $1.55 billion, signaling strong adoption from new and returning users.

According to data from Dune Analytics, the platform also achieved record engagement, with 220,206 active wallets in a single day and generating $1.46 million in fees. Of that, $292,216 came in protocol fees, pushing total lifetime protocol revenue to $3.09 million.

Despite these milestones, Pumpswap’s market share stood at 19.9%, while Raydium continued to dominate at 45.5%. This underscores the challenge ahead for Pumpswap as it looks to gain ground in the sector.

With its rapid growth and aggressive fee capture, Pumpswap is positioning itself as a strong competitor in Solana’s DeFi ecosystem. Whether it can dethrone Raydium remains to be seen, but its early performance suggests it is a contender to watch.

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