The new decentralized scholarship (DEX) by same launchpad pump.
On March 19, Pump. Samecoins launched on Pump.fun had previously migrating into the Solana Dex Raydium after liquidity bootstrapage, making the most popular DEX trading platform in Solana.
The Pump.fun team said these migrations have slowed down the momentum of the tokens and introduces “unnecessary complexity” for new users. With the new DEX, the project said that migrations are occurring instantly and free of charge.
A week after the launch, Pumpswap reached a cumulative volume of more than a billion dollars. A dashboard of an analyst of onchain analyst Adam_tehc showed that Pumpswap had a volume of negotiation of all time of $ 1.1 billion in its first seven days.
Pumpswap Dex’s life trading volume reached. Source: Dune Analytics
Pumpswap exceeds $ 1.1 billion in negotiation volume
During its first day, the platform had a modest negotiation volume of around $ 50 million. On March 24, the volume increased eight times, recording more than $ 425 million in commercial volume.
Daily exchanges on the platform culminated on March 24, recording 4.2 million transactions. The cumulative number of Dex Swaps exceeded 11 million, while the number of active users reached more than 388,000, according to data.
Data has also shown that the fees on the Pumpswap protocol exceeded $ 2.1 million, while liquidity provider costs exceeded $ 540,000. According to the creator of the dune dashboard, the daily costs of $ 1 million in Pumpswap generated on March 24 are already “peer” with Pump.fun.
Source: Adam_tehc
The launch of Pumpswap follows the news that Raydium plans to create his own launchpad same, Launchlab. The last movements of the ecosystem move the dynamics between Pump.fun and Raydium, transforming the two Solana projects from partners to competitors.
In relation: The Dubai regulator says that same must adhere to the regulations
Pump.fun launches Dex in the middle of the same decline
Pump.Fun launch of a new business comes while the frenzy of Solana Memecoin has started to lose steam. Solscan data show that the shabby daily Solana culminated at 95,578 on January 26. Since then, daily mints have decreased, the bottom of 26,298 mints on March 22.
In addition, new lists successful from tokens created in Pump. Fun decreased. Dune Analytics data have shown that the daily number of tokens ending the pump pump.
Memecoin’s decline also affected the weekly income from Solana. On March 11, the weekly turnover of the network fell to $ 4 million, against its 55.3 million dollars summit in mid-January, at the height of the same. This represents a 93% drop in total weekly blockchain income.
https://www.youtube.com/watch?v=UMUM1BTCRDQ
Review: The same is DED – but Solana “100x better” despite the income dive
