PumpSwap, a decentralized exchange, records $1.5 billion in weekly trading volume. Discover its fee structure and transaction details!
New decentralized exchange Pump.fun, known as PumpSwap, reached a trading volume of $1.52 billion just a week after its launch. Data from Dune Analytics shows that this exchange has executed over 14 million transactions and collected $3.03 million in fees. The current fee structure allocates 0.25% as liquidity providers’ reward and 0.05% to the protocol. Despite the large transaction volume, most PumpSwap transactions are small. According to Flipside data, 21.40% of trades are between $10 and $100, and 65.22% are under $10. Currently, 441,000 wallets are active on this platform. Built on Solana, PumpSwap utilizes an automated market maker model and supports trading beyond meme coins.
