PumpSwap Hits $100M TVL Just 50 Days Post-Launch, Riding Memecoin Revival

PumpSwap, the decentralized exchange (DEX) launched by Solana-based memecoin incubator Pump.fun, has officially surpassed $100 million in total value locked (TVL)

PumpSwap, the decentralized exchange (DEX) launched by Solana-based memecoin incubator Pump.fun, has now surpassed $100 million in total value locked (TVL). The exchange reached the milestone just 50 days after its debut.

Launched on March 19, PumpSwap was created as a native trading venue for memecoins graduating from Pump.fun’s launchpad.

Despite broader skepticism around the sustainability of memecoins, or the incubator’s unique model, PumpSwap’s rapid growth reflects the surprising resilience of the memecoin sector.

The milestone also comes as memecoin trading shows a strong comeback in 2024, challenging earlier predictions of a market-wide cooldown following the genre’s early-year hype.

To date, PumpSwap has logged over $18 billion in cumulative trading volume, with daily activity showing steady growth since launch—signaling sustained user interest and liquidity.

PumpSwap’s Exchange Fuses Solana’s Tech with Pump.fun’s Viral EngineCapitalizing on Solana’s high-speed, low-cost infrastructure, and Pump.fun’s viral token creation engine, PumpSwap spins up a DEX that plays into users’ desire for rapid, frictionless trading of experimental tokens.

Many of the tokens launched through Pump.fun, and subsequently traded on PumpSwap, are meme-based or community-driven, tapping into a core theme of Web3.

As memecoins continue to generate buzz within the Solana ecosystem and beyond, PumpSwap is positioning itself as the hub for the next stage of grassroots crypto tokens.