Pump.Fun’s Pumpswap Dex processed $2.5 billion in deals last week, up 40%

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Market data shows Pumpswap, a decentralized exchange of Memecoin launch platform Pump.Fun, which processed a $2.5 billion transaction last week.

Defillama data shows that in the week of April 6, Pumpswap had trading volumes of $1.8 billion since March 30, with a nearly 40% increase in trading volumes the previous week. Since its launch in late March, the Decentralized Exchange (DEX) has processed $98.4 million in transactions.

The news will be released on March 19th as a dedicated “friction-free environment” for trading Memecoin. DEX attracted considerable trading activity, surpassing a billion dollar volume in its first week.

Related: Pump.Fun Memecoins are dying at record speeds, with under 1% surviving

According to Dune Data, Pumpswap’s deal hit a new record of over 6.1 million new records on April 12, with over 5.7 million swaps seen on the platform. We also saw the best active wallets of every day, reaching nearly 264,500, over 163,000 repetitions and 101,000 new people.

*Pumpswap Daily Active Wallets. sauce:* *Sand Dunes*

On April 15, Pumpswap broke daily volume records, reaching $417.8 million at the time of publication. Previous records were reported on Monday, April 14th, when the volume reached $412.7 million.

*Pumpswap’s trading volume shows a clear upward trend. sauce:* *defill*

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Revenue is growing with volume

Pumpswap’s revenues are on the rise in addition to trading volumes, with Dune data showing daily charges reaching a record of over $1.05 million on April 14th.

*Daily Pumpswap rates. sauce:* *Sand Dunes*

Paraswap has a 0.25% rate, with 0.2% being liquidity providers and 0.05% being the protocol itself. Dex announced the total lifetime fee at the time of publication was $14.2 million, of which $3.56 million was directed towards the protocol.

Make a Pump.fun billionaire

That’s not the only thing that developers behind the platform were able to make money with Pump.fun. Dune Data shows that over 9,000 wallets have made more than $100,000, compared to 506 wallets earning more than $1 million on the platform.