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PumpSwap accounts for 74% of the volume of Solana DEX as memecoin surges.
The DEX ecosystem of Solana is buzzing with activity, driven by the frenzy of listing new tokens and the rapid growth of PumpSwap in terms of trading volume. While Raydium's LaunchLab remains a popular venue for creating new token pairs, PumpSwap's market dominance stands out thanks to its specially designed memecoin approach and strong liquidity strategy. This dominance has allowed PumpSwap to handle over 70% of Solana's daily DEX volume. But why are traders flocking there, and what key trends is PumpSwap capitalizing on? Discover the mechanisms that are reshaping Solana's trading landscape...