According to the Blockchain Analytics platform DUNE, the Memecoin Lunch Pad Pump.Fun’s new distributed exchange (DEX) surpassed more than $ 1 billion cumulative trading volume a week after its launch.
On March 19, pump.fun started its own Solana Dex and created a “friction environment” for Memecoin transactions. MEMECOINS was fired from pump.fun and previously boots straps, and then migrated to Solana Dex Raydium, making the trading platform the most popular DEX in Solana.
PUMP.FUN team said that this migration slowed down token exercise and introduced “unnecessary complexity” for new users. With the new DEX, the project said the migration occurs immediately and free.
A week after its launch, the pump sway reached more than $ 1 billion. According to the sandy hill analysis dashboard of OnChain Analyst ADAM_TEHC, Pump Sway has a $ 1.1 billion trading volume for the first seven days.
Pump Sweepdex life trading volume is reaching. Source: Sand Hill Analysis
Pump Sway has a trading volume exceeding $ 1.1 billion.
On the first day, the platform had a low trading volume of about $ 50 million. On March 24, the book recorded more than $ 425 million in spike.
The daily swap of the platform reached its peak on March 24 and recorded 4.2 million transactions. According to the data, DEX’s cumulative swap surpassed 11 million, and the number of active users reached 388,000.
The data also showed that the fee for the pump sway protocol exceeded $ 2.1 million, while the liquidity provider fee exceeded $ 540,000. According to the creator of Dune Dashboard, the daily fee of $ 1 million in Pumpswap created on March 24 is already “PAR” with Pump.fun.
source: ADAM_TEHC
The release of Pumpswap follows that Raydium plans to create LaunchLab, its own Memecoin Launchpad. The latest movement in the ecosystem changes the mechanics between the pump and Raydium, changing the two solar or projects into a competitor in a partner.
relevant: Dubai regulators say that memo coins must comply with regulations.
pump. Fun starts Dex in the decline of memes
Pump.fun, which starts a new business as the Solana Memecoin craze begins to lose steam, starts a new business. According to SOLSCAN data, Solana’s daily token-gathering reached 95,578 on January 26. Since then, Maeil Mint has decreased at 26,298 minutes on March 22.
In addition, a successful new list of tokens generated in pump.fun has been rejected. According to Dune Analytics data, the number of daily tokens that complete the pump showed that the “bonding curve” of the fund, which is the requirement of Dex Listing, fell from almost 1,200 to March 20 on January 23.
Mimin reduction also affected Solana’s weekly profits. On March 11, the weekly sales of the network decreased from $ 55.3 million to $ 4 million in the height of Memecoin Frenzy in mid -January. This indicates that the total sales per share of the blockchain decreased by 93%.
https://www.youtube.com/watch?v=UMUM1BTCRDQ
magazine: Memecoins is DED. However, despite the sharp drop in Solana ‘100x’