Solana’s PumpSwap DEX Records $3.45B Volume Surge – Coincu

BlockBeats News reported that Solana-based DEX PumpSwap achieved $3.456 billion trading volume on April 20, 2025. PumpSwap’s trading volume surge reflects a growing trend in decentralized exchanges, leveraging Solana’s technology to facilitate high-volume transactions.

PumpSwap, developed by Pump.fun, reported a record-breaking trading volume exceeding $3.45 billion over 24 hours. This substantial rise places PumpSwap as the second-largest DEX on Solana, following Raydium. With daily active addresses surpassing 200,000, PumpSwap’s influence is expanding rapidly.

PumpSwap Surpasses $3.45 Billion in Daily Trading Volume

The influx of trading on PumpSwap illustrates a significant shift in Solana’s DeFi ecosystem. With a market share of 18.2%, PumpSwap is reducing reliance on Raydium, facilitating lower-cost token migrations. Users generated around $948,000 in daily transaction fees, enhancing financial prospects for users and developers.

As PumpSwap gains traction, industry observers are eyeing its potential to challenge established giants. Though major crypto figures have refrained from commenting, the growing user base and innovative features suggest a more competitive market landscape. Token holders and creators anticipate a future revenue-sharing model that may further influence adoption rates.

“Our platform’s rapid growth and adoption reflects the community’s desire for innovative solutions within the Solana ecosystem.” — Pump.fun Team

Solana’s DeFi Evolution Amidst PumpSwap’s Market Impact

Did you know? PumpSwap’s swift rise to 18.2% market share mirrors the early success of PancakeSwap on BNB Chain, marking a significant moment in Solana’s DeFi evolution.

As of April 20, 2025, Solana (SOL) trades at $137.30, with a market cap of $70.95 billion and a 24-hour volume of $2.74 billion (up 8.19%), according to CoinMarketCap. Recent 60-day trends display an 18.12% decline, but Solana’s mainstream integration remains a topic of active discussion among cryptocurrency analysts.

The Coincu research team highlights PumpSwap’s growth as reflecting broader DeFi innovations on Solana. Bold moves in liquidity redistribution prompt reassessment of market priorities, suggesting a potential lag in regulatory adjustments matching the sector’s pace. Long-term effects may echo those seen with Ethereum’s decentralized protocols.