Pump.Fun’s New DEX Reaches $2.5 Billion in Transactions: A Memecoin Powerhouse

PumpSwap, Pump.Fun’s decentralized exchange (DEX), experienced explosive growth last week, processing a staggering $2.5 billion in transactions, a 40% increase compared to the previous week. This platform, specializing in memecoins, has captivated investors and created hundreds of new crypto millionaires in its short lifespan. Its meteoric success is attributed to a combination of factors: expanding DeFi applications, surging interest from institutional investors, and strong demand for memecoin trading.