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PumpSwap Hits $1B Volume in Just Its First Week

  • PumpSwap, a new DEX on Solana, reached over $1 billion in trading volume in its first week and generated $1 million in daily fees.
  • PumpSwap redirected the migration of memecoins from Raydium to its platform, offering a smoother trading experience and eliminating migration fees.
  • Within days of its launch, PumpSwap became the second-largest automated market maker (AMM) on the Solana network, attracting meme tokens with funny names like DOGEMOON and ballscoin.
  • PumpSwap's popularity is fueled by its lower fees, incentivizing liquidity providers and offering open liquidity for new token creators and smaller communities.

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