PumpSwap logs about $1.21B daily volume as Solana memecoin trade revives

Data tracked by DeFiLlama shows PumpSwap, the trading arm of the Pump ecosystem on Solana, recorded roughly $1.21 billion in daily trading volume as memecoin activity on the network picked up.

DeFiLlama’s data put total Pump DEX ecosystem volume at $1.28 billion over the past 24 hours, with seven-day volume of $6.15 billion and 30-day volume of $19.69 billion; cumulative volume was about $176.8 billion. A Jan. 5 snapshot showed roughly $1.21 billion of that daily volume came from PumpSwap compared with $63.7 million from pump.fun’s older route.

PumpSwap is Pump’s built-in decentralized exchange on Solana where newly launched tokens can trade once they “graduate” from Pump.fun, a Solana memecoin launchpad that lets anyone create a token in minutes, usually via a bonding-curve style sale. The report said Japan-focused and anime-based tokens were prominent in Asian afternoon hours, though themes can shift quickly.

Despite the surge in trading, fee generation remained modest: on Jan. 5 fees were about $2.98 million, with around $1.21 million marked as protocol revenue and roughly $881,700 going to holders. The article said much memecoin trading is fast in-and-out churn in low-fee pools and that whether the volume sticks and turns into meaningful revenue will depend on how long traders keep playing and if this extends beyond a week of meme-season noise.

Key Topics

Crypto, Pumpswap, Solana, Pump Ecosystem, Memecoin, Defillama