On April 20, 2025, PumpSwap, a decentralized exchange (DEX) on the Solana blockchain, experienced a remarkable surge in trading activity, achieving a daily trading volume of $3.456 billion.
This impressive figure positions PumpSwap as the second-largest DEX on the Solana network, trailing only behind Raydium.
The platform has rapidly attracted a significant user base, boasting over 200,000 daily active users and capturing an 18.2% market share in the decentralized finance (DeFi) sector.
The rise of PumpSwap is indicative of a broader transformation within Solana’s DeFi ecosystem. Users are increasingly drawn to the platform due to its low transaction fees and the straightforward process of token migration, which enhances the overall trading.
