PumpSwap, a decentralized exchange (DEX) on Solana, recently experienced a record $1.2 billion in trading volume driven by a surge in memecoin trading. Despite this massive trading activity, the platform's fee revenue remained relatively low, with only $2.98 million generated on Monday. This highlights the high turnover but modest income from fees during the memecoin frenzy on the Solana network.
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Surge in Solana Memecoin Trading Pushes PumpSwap Volume to $1.2 Billion
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