The total value locked (TVL) on PumpSwap, the decentralized exchange from Solana-based memecoin launchpad pumpfun, surged to a record $334.81 million this weekend. The DEX's TVL high came just weeks after pumpfun introduced a new fee structure that rewards creators of smaller tokens.
Data from DefiLlama shows that the surge wasn’t limited to locked capital on the DEX, as the protocol’s native PUMP token also posted record trading volumes of $1.66 billion over the weekend.
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