PumpSwap Weekly Trading Volume Hits All-time High of $2.3 Billion

PumpSwap, the native decentralized exchange (DEX) of memecoin launchpad PumpFun, hit a new all-time high for weekly trading volume last week after processing $2.3 billion worth of trades. This represents a 40% increase from the previous week’s trading volume of $1.6 billion, according to DeFiLlama . The platform’s momentum continues this week, setting new all-time highs across various metrics. According to Dune Analytics , PumpSwap set new records for daily fees, daily trading volume, and daily active wallets (DAW) on Apr. 14, at $1.05 million, $420 million, and 264,430 wallets, respectively. Daily fees include trading fees paid to liquidity providers on the DEX. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant