PumpSwap Dominates Memecoin Market with $535M Volume

Airdrop Is Live 🔥 CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com


The memecoin decentralized exchange for the deployer Pump(dot)Fun, PumpSwap, has processed more than 40 million swaps and has collected $3.03 million in fees; at the same time, its intraday volume is $535.90 million.

As of March 26, 2025, the total number of users was 84,608, of which 12,360 are new users and 72,278 are recurring users. 

Smaller transactions on peak on PumpSwap

The available data set notes that around 21.40% of transactions on PumpSwap are between $10 and $100, yet around 65.22% of transactions are below $10.

It is worth noting that PumpSwap is ranked 2nd in terms of dominance with a control of 19%; however, Raydium is still a topper of the list with a dominance of 45%.

PumpSwap has been leading its operations on Solana since March 20 and uses the same mechanism of automated market makers as Raydium and UniSwap.

With the launch of PumpSwap, the fees of 6 Solana charges for migration have been removed to streamline the process. It is worth noting that the memecoin development, deployment, and launch over the Solana ecosystem has reached a new milestone, with the majority of coins facing allegations of scams or illicit activities.

Solana’s role is growing in memecoin launches and deployments

A few published reports in the year 2024 note that a sudden shift in the interest of memecoin developers has been observed, with over 100 such projects launched since the beginning of 2024.

However, on the other hand, projections are made in the name of memecoins, saying that the broader meme blockchain crypto is expected to reach a new milestone by the end of 2026.

According to data from CoinMarketCap, the market capitalization of the memecoin market is $59.19 billion, with a surge of 10% in the past 24 hours, and the volume was $6.76 billion.

Dogecoin leads the list in terms of market cap with $30.43 billion, followed by Shiba Inu, Pepe, Official Trump, Bonk, Floki, and Fartcoin.

However, GoHome is the most costly memecoin, trading at $258.51, followed by Doge Killer, Official Trump, Official Meliana Meme, SPX6900, Would, and Pepe, including a few others.

Data also notes that TUT memecoin grew 1.01k % in the past 30 days, followed by NORDO, GoHome, Banana for Scale, Kendu, Gmestop, and Fartcoin.

Over the hour, the crypto market has shown a sign of reversal with the fear and greed index at 35, determining a fade in bear sentiment of the broader market, and the market capitalization was $2.89 trillion with a surge of 1.07%.

Bitcoin has been trading at $88,168, its market cap was below $2 trillion, and its trading volume was $28.46 billion with a loss of 13%.





Source link