PumpSwap, a newly launched decentralized exchange (DEX) on the Solana blockchain, has achieved remarkable success by surpassing $1 billion in trading volume within its first week. Developed by the Pump.fun team, PumpSwap has quickly established itself as a significant player in the DEX market, securing 21% of Solana's DEX market share. This milestone highlights the growing influence of Solana-based platforms in the decentralized finance (DeFi) ecosystem. As PumpSwap continues to gain traction, it underscores the potential for innovation and competition within the blockchain space.