INTRODUCING | Pump.Fun Decentralized Exchange, PumpSwap, Surpasses $100 Million TVL in Less Than 2 Months Amid Memecoin Trading Surge

The rise of memecoins is fueling unprecedented growth in Solana’s decentralized ecosystem.

CryptoGuru··3 min read

In a striking development for decentralized finance (DeFi), Solana-based launchpad, Pump.fun, has seen its new decentralized exchange, PumpSwap, exceed $100 million in total value locked (TVL) less than two months after its launch. The milestone highlights a renewed surge in retail interest around memecoins, echoing earlier crypto market frenzies – but with an increasingly mature and infrastructure-backed ecosystem.

In the month of May 2025 so far, there have been only one day when the daily volume on the DEX went below $500 million. The DEX has cumulatively reached a volume of over $18 billion in just 50 days.

In terms of daily active users, PumpSwap hit an all-time high of almost 500,000 active wallets on May 5 2025 with recurring users going up steadily. The same can be said for daily swaps.


Pump.fun has carved out a niche for itself as a memecoin launchpad, allowing users to create and trade meme tokens with minimal friction. Its rapid ascent can be attributed to its ability to ride – and help steer – the growing wave of speculative meme trading, which has returned with force in recent months. PumpSwap, its trading platform, launched in late March 2025 and has since attracted a flood of liquidity.

The platform’s unique selling point lies in its gamified, low-barrier approach to token creation and listing. By automating much of the process and integrating seamlessly with the Solana blockchain, Pump.fun enables near-instant deployment of meme tokens and swift access to a community of enthusiastic traders.


The $100 million TVL figure marks a major benchmark not just for Pump.fun, but for Solana’s broader DeFi ecosystem. It reflects both the strength of user engagement and the increasing capital inflows into novel, community-driven assets. For comparison, the platform’s TVL was under $20 million just a few weeks prior.


Much of this growth can be credited to Pump.fun’s ability to continually churn out popular tokens that go viral within crypto communities. The result is a revolving door of new liquidity opportunities for speculators seeking the next breakout memecoin.

Pump.fun’s success also reflects a broader trend: the resurgence of Solana as a major player in the DeFi and NFT spaces. Once plagued by outages and ecosystem uncertainty, the network has made a dramatic comeback in 2025, fueled by lower fees, faster transaction speeds, and a suite of new tools tailored for developers.

Memecoins – long dismissed as gimmicks – are proving to be powerful drivers of network activity. The sheer volume of token creation and trading on platforms like Pump.fun is translating into increased demand for Solana’s core infrastructure and services.

While critics may continue to view memecoins as a speculative bubble, platforms like Pump.fun demonstrate how these assets can be harnessed to build thriving micro-economies. With PumpSwap now firmly established as a go-to DEX for memecoin traders, the stage is set for even more experimentation and innovation in the coming months.


As the memecoin mania shows no sign of slowing, Pump.fun appears well-positioned to ride the wave – and perhaps shape the next phase of DeFi’s evolution.

 

 

 

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