- The new Dex Pumpswap reached over a billion dollar sales in its first week and made the industry take notice.
- It calculates 0.25% per trade, with incentives for liquidity providers and without fees for pool formation.
Who would have thought that a new platform could mess up the Dex World Card on Solana in just one week? Pumpswap, the new Dex, developed by Pumpfun, immediately shot up and reached in the first week Over $ 1 billion Sales volume.
It is even more astonishing that you were able to take over $ 1 million in fees every day. This is not a small number, even for such an active system as Solana.
PumpFun’s new DEX ‘PumpSwap’ surpassed $1B in volume in its debut week!
Also generated $1M in daily fees. pic.twitter.com/vdCD3kOerd
– Pluid (@trypluid) March 25, 2025
Pumpfun leads Memecoin migration to pumpswap
Since March 20, Pumpfun has started implementing an automatic migration system for memoins that have managed to collect liquidity. Previously, these tokens were led directly to Raydium, the most popular Dex on Solana – at least until a few days ago.
Now these tokens no longer hike to raydium, but directly to pumpswap. It is as if our favorite restaurant suddenly close and be replaced by a new café that is actually faster, without queue and cheaper.
Pumpfun also explained that pumpswap “similar to Raydium V4 & Uniswap V2” works, but is designed in such a way that it offers the smoothest possible trade experience. This means that retailers can move more freely without being burdened with migration fees that used to be up to 6 sol.
New AMM wins mit Memecoins on the ground
CNF has already reported that Raydium launched Launchlab on March 19, a launchpad for memoins with a flexible token start system and an adaptable price model. This step is seen as a direct attempt to compete with the new ecosystem that Pumpfun has built up through pumpswap.
Although pumpswap has just started, Pumpswap has managed to take second place as the largest automatic market maker (AMM) in the Solana network. Imagine that was only a question of days.
In fact, the largest liquidity pool on pumpswap was filled by token with fairly funny names in the last 24 hours: Dogemoon and Ballscoin. It may sound ridiculous, but the trading volume is not a joke.
Lower fees and open liquidity attract traders
One of the reasons why pumpswap has become so popular so quickly is the user -friendly fee structure. A fee of 0.25 % is charged for each trade. Of these, 0.2 % go to liquidity providers, while 0.05 % go to the protocol. It is a kind of sales participation that makes sense, especially for dealers, that often open positions.
In addition, pumpswap enables everyone to create new pools and add liquidity to them without incurring additional fees. This opens up a great opportunity for new token creators and smaller communities that have had a hard time gaining a foothold on larger platforms.
The question now is whether raydium can keep his throne? Or will we see how the Memecoin system on Solana is completely shifted to pumpswap?
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