In just 10 days from launch, PumpSwap—a decentralized exchange (DEX) on the Solana blockchain—reached $10 billion in transaction volume, thanks to impressive growth and market demand. This unfathomable rise has seized the attention of the DeFi community and raised questions about what it means for Solana-based DEXs to compete with already established platforms like Raydium. PumpSwap’s fast success has come from its internal drive to create a native DEX for PumpFun, which is a major player in the Solana ecosystem. Before PumpSwap went live, many of the tokens that graduated from the PumpFun platform were being sent directly to Raydium,
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