PumpSwap captures 74% of Solana DEX volume as memecoins surge

With $251 billion traded in 30 days, pumpswap is redefining where and how volume flows on Solana.

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Solana's DEX ecosystem is buzzing with activity, driven by a frenzy of new token listings and the meteoric rise of PumpSwap in trading volume. While Raydium's LaunchLab remains a popular venue for creating new token pairs, PumpSwap's market dominance stands out due to its tailored memecoin approach and robust liquidity strategies. This dominance has seen PumpSwap process over 70% of Solana's daily DEX volume. But why are traders flocking there, and what critical trend is PumpSwap capitalizing on? Discover the mechanics reshaping Solana's trading landscape…