The platform has seen near-continuous growth in daily activity, with cumulative trading volume exceeding $18 billion to date.
Daily volumes have rarely dipped below $500 million in May, and the exchange hit a high of nearly 500,000 daily active wallets on May 5, according to Dune Analytics data.
PumpSwap’s rise coincides with a notable uptick in recurring user activity and daily swap volume, indicating sustained engagement.
However, the influx of users and capital suggests that the speculative appetite in crypto’s most chaotic corner remains far from extinguished.
