POMP.fun’s Decentralized Exchang (DeX), Pumpswap, has achieved standard numbers, with a daily size of $ 426 million and 243,000 users.
The Solana platform also also raised more than a million dollars as drawings, including $ 213,000 of protocol fees on March 24, which represents its best performance since its launch.
Despite success, its market share is 14.5 %, such as Arrested By Adam_tehc sand dune analyst, it is still much lower than dominant on Raydium 46.1 %.
From mystery to dominance
The Pumpswap trip started with modest trading sizes, with only $ 1,380 on March 15. However, after the calm start, trading exploded on March 19, when a volume of $ 3.4 million jumped to $ 53.4 million in one day.
The activity reached its climax on March 24, when 4.2 million bodies were treated and pump the highest daily volume of $ 426 million, an increase of 30,000x in only 10 days.
The user’s dependence follows the same trend. From only 236 new users on March 17, the numbers rose to 132,465, just days after Pump.fun was officially released on DeX. Life traders now exceed 385,000, with approximately 80,000 new wallets active on the platform today and 11.62 million bodies registered in the total.
Dex appeared for the first time in Pump.fun the market weeks ago when rumors of its development for the first time. The news of its launch, Solana leader, has long witnessed the decentralized stock exchange area, Raydium, on 29 % of the price of its original symbol Ray as a worry about the dominance of proven liquidity.
Pumpswap opposite Raydium: increasing competition
In what many saw that it was an attempt to counter the presence of sabotage pumps, Raydium also announced that it is developing a meme and launchlab bomber, to compete directly with Pump.fun.
The company’s market dominance has decreased significantly from approximately 60 % in 15 to 46.1 % on March 24, partly due to the growth of Pumpswap. The market share of the new statute increased steadily last week, as it moved from a non -existence to 14.5 %. I started eating in numbers of competitors such as Meteora, Liftinity and Phoenix around March 19, when Phoenix jumped to demand 2.5 % of the market share.
On March 21, the protocol had another good day, as the pulsed over the control of 5 % of the Solana Dex market. Two days later, the number rose to 9 % before registering his best performance on March 24, where 14.5 % of the market turned, only better than Raydium and WHRLPOOL.
With its highest levels ever in trading volume and user activity, Pumpswap has strengthened its presence in the Solana Environmental System. However, it remains to see whether he can maintain this growth and challenge Raydium’s hegemony. We expect analysts to closely monitor fees, market share transformations, and user dependence trends in the coming weeks.
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