Pumpfun's DEX PumpSwap's TVL breaks $330 million high

PumpSwap, a decentralized exchange owned by Solana’s memecoin issuing platform pumpfun, hit a new high of $334.81 million this weekend. The surge is thanks to its new charging structure that favors small token creators. PUMP token trading volume reached US$1.66 billion, with a weekly increase of 70% and a biweekly increase of 144%, setting a record high of US$0.00889. The platform revenue exceeded $3.1 million, making pumpfun the third largest DeFi protocol with daily revenue. The growth is attributed to recent ecosystem updates, active buybacks using 100% daily revenue, and listings on Binance, Upbit and Bithumb.