PumpSwap Activity Jumps as Solana Memecoin Interest Returns

PumpSwap, the trading platform within the Pump ecosystem, is seeing strong growth as memecoin interest returns on the Solana blockchain. This comes months after millions of dollars were wiped out during the earlier downturn.

As market confidence improves, traders are moving back into fast-moving and high-risk tokens, pushing PumpSwap activity to new highs.

Memecoin Trading Gains Momentum Again

The rise in PumpSwap activity reflects a wider comeback in memecoin trading that has been building since the start of the year. Traders are moving back into risky assets across different blockchains as Bitcoin stays above key price levels. 

This shift is supported by better market liquidity after the holiday period. Solana blockchain has benefited the most from this trend due to its low fees and fast transaction speeds. 

Data from DeFiLlama shows that the Pump exchange ecosystem recorded about $1.28 billion in trading volume in the past 24 hours. Weekly volume reached $6.15 billion, while 30-day volume climbed to $19.69 billion. 

Total lifetime volume is now close to $176.8 billion, showing how quickly retail interest returns when memecoins gain attention.

PumpSwap Becomes the Main Trading Platform

PumpSwap, launched in March 2025, has now become the main trading hub within the Pump ecosystem. On January 5, PumpSwap recorded about $1.21 billion in daily trading volume. This is far higher than the $63.7 million processed through the older pump.fun trading route.

This shift shows that traders prefer simple and connected platforms once tokens move past their launch phase. PumpSwap serves as the built-in decentralized exchange where tokens begin open trading after completing their launch on Pump.fun.

Pump.fun itself acts as a basic memecoin launch platform on the Solana blockchain. It allows users to create new tokens easily and raise early liquidity through simple bonding-curve sales.

Token Trends Change Quickly on PumpSwap

Token themes on PumpSwap continue to change fast. During Asian trading hours on January 6, Japan-focused and anime-themed tokens led new launches. These trends often reflect the interests of active traders at specific times and can shift quickly as new ideas gain attention. 

Despite record trading volume, fee growth has been slower. On January 5, PumpSwap generated about $2.98 million in total fees. Around $1.21 million went to the protocol, while about $881,700 was shared with token holders. 

This gap highlights the nature of memecoin trading, which often involves quick trades in low-fee pools. Strong competition among Solana-based trading platforms also keeps fees low as exchanges compete for volume. 

Still, PumpSwap’s strong growth confirms that speculative trading has clearly returned to the Solana ecosystem.