PumpSwap DEX: Solana’s Trading Volume Soars Amidst Meme Coin Boom

PumpSwap, a decentralized exchange (DEX) built on the Solana blockchain, has experienced a significant surge in trading volume, reaching an all-time high of $417.8 million daily. This rise is largely attributed to the popularity of meme coins and the increased liquidity they’ve generated within the Solana ecosystem. PumpSwap’s market impact highlights the evolving dynamics of the Solana ecosystem where meme coin transactions are a major driver of activity. 40% volume increases were recorded during the week ending April 6th, pushing trading volumes past previous records set by other DEXes on the platform.