Pump.Fun’s PumpSwap DEX processed $2.5B of trades last week, up 40%

Market data shows PumpSwap, the decentralized exchange of memecoin launch platform Pump.Fun, processed $2.5 billion of trades last week.

DefiLlama data shows that in the week of April 6, PumpSwap saw a trading volume increase of nearly 40% over the previous week starting on March 30, with its trading volume of $1.8 billion. Since its launch in late March, the decentralized exchange (DEX) has processed $98.4 million of trades.

The news follows Pump.Fun launching PumpSwap on March 19, as a dedicated “frictionless environment” for trading memecoins. The DEX attracted considerable trading activity, exceeding $1 billion of volume in its first week of activity.

Related: Pump.fun memecoins are dying at record rates, less than 1% survive

According to Dune data, PumpSwap’s trades reached a new record high daily count of over 6.1 million on April 12, and on April 14 the platform saw over 5.7 million swaps. It also saw its highest daily active wallets, reaching nearly 264,500 — over 163,000 recurring and 101,000 new.

PumpSwap daily active wallets. Source: Dune

On April 15, PumpSwap broke its daily volume record, reaching $417.8 million at the time of publication. The previous record was reported on Monday, April 14, when the volume reached $412.7 million.

PumpSwap’s trading volume shows a clear uptrend. Source: DefiLlama

Related: Memecoins, markets and Trump: Cointelegraph’s Q1 editorial roundtable

PumpSwap’s income is growing alongside its trading volume, with Dune data showing that daily fees reached a record of over $1.05 million on April 14. That day, $840,000 were liquidity provider fees and $210,000 protocol fees.

PumpSwap daily fees. Source: Dune

ParaSwap features a 0.25% fee, with 0.2% going to liquidity providers and 0.05% to the protocol itself. The total lifetime fees generated by the DEX stand at $14.2 million at the time of publication, out of which $3.56 million were destined for the protocol.

The developers behind the platform are not the only ones who managed to make money on Pump.Fun. Dune data shows that 506 wallets managed to earn over $1 million on the platform, while over 9,000 made over $100,000.

Top five 30-day active Pump.Fun wallets. Source: Dune

The most profitable wallet over the past 30 days has realized gains of nearly $40.6 million, the data shows.

Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research