Listen, think about it, the other day Solana's decentralized PumpSwap exchange showed a frenzied growth: the trading volume jumped to $3.45 billion in a day. This is, to put it mildly, a serious leap. Especially considering that this exchange is relatively new, and it was developed by the Pump.fun team. Now it is already the second largest DEX on Solana – after Raydium, of course.
On April 20 alone, the platform collected almost $948,000 in commissions, and the number of daily active users exceeded 200,000. That is, a real live movement. It now accounts for approximately 18.2% of the entire Solana DEX market, and these are the numbers that everyone in the DeFi environment has noticed.
Why such a hype? Firstly, they have low fees. Secondly, a simple token migration means that you don't have to spend hours trying to transfer something. And there is also the idea in the air that they are preparing a new revenue distribution model, such as users will be able to receive a portion of the exchange's profits. This could really turn the market around.
So now everyone is frozen in anticipation – if PumpSwap continues in the same spirit, giants like Raydium can start a real competition.
So, do you think PumpSwap is a temporary hype or the beginning of something really big?
