PumpSwap, a decentralized exchange (DEX) operating on the Solana blockchain, has witnessed an extraordinary spike in trading activity. On April 20, 2025, the platform reached a daily trading volume of $3.456 billion, placing it as the second-largest DEX on the Solana network, trailing only behind Raydium. This impressive feat is driven by the growing popularity of PumpSwap, which boasts over 200,000 daily active users and holds an impressive 18.2% share within the decentralized finance (DeFi) sector. The surge in trading activity highlights the ongoing evolution of Solana’s DeFi ecosystem as users are increasingly attracted to its low transaction fees and user-friendly interface which simplifies the process of token migration, making trading more accessible.