🚀 PumpSwap: From Zero to Hero in Just10 Days! 🤑

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Behold, in a mere decade of days, hath PumpSwap, the brainchild of Pump.fun, accumulated a sum of $2.43 billion in trading volume! A feat so grand, it doth make the alchemists of yore green with envy. 🌟

Launched upon the20th of March, this platform hath conjured $5.4 million in protocol fees, lured700,000 wallets into its lively dance, and facilitated a staggering30.59 million swaps, as the scribes at Dune Analytics doth report. 📈

Though Raydium (RAY) still clutches74% of the market’s affection as of the30th of March, PumpSwap hath swiftly ascended, claiming a modest yet respectable8% of Solana’s (SOL) total DEX trading volume. A commendable achievement, indeed! 👏

PumpSwap, birthed by Pump.fun, seeks to simplify the trading of memecoins and the provision of liquidity. Ere this, memecoins launched on Pump.fun made their pilgrimage to Raydium post the bonding curve. 🏃‍♂️

PumpSwap obliterates this unnecessary pilgrimage by uniting trading, liquidity, and token creation upon a singular stage, allowing swift and free migrations. Like Raydium v4 and Uniswap (UNI) v2, it employs a constant product automated market maker model, with prices dictated by liquidity pools rather than the archaic order books. 🔄

Once upon a time, Pump.fun demanded a six-SOL migration fee to Raydium, but PumpSwap hath banished this with a mere0.25% trading fee, of which0.20% is bestowed upon the liquidity providers and0.05% upon the protocol. This arrangement is fated to evolve with the dawn of Creator Revenue Sharing. 💸

PumpSwap’s early triumph was further embellished by an alliance with MEXC, a titan among cryptocurrency exchanges. On the25th of March, MEXC proclaimed that PumpSwap would be embraced by its DEX+ aggregator. 🤝

MEXC’s legion of34 million+ users, scattered across170 lands, can now effortlessly access tokens on the platform via the MEXC app and website, marking it as the inaugural aggregator to support direct trading of PumpSwap-listed tokens. A move destined to lure more liquidity and traders to the fold. 🌍

As the fervor for memecoins wanes, Solana’s total DEX volume hath plummeted, from a lofty $258 billion in January to a mere $50 billion in March, as per the wise DefiLlama’s data. Yet, both Pump.fun and Raydium, now with its LaunchLab incubator, stand poised for a potential renaissance in the market. 📉📈

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2025-03-31 07:27