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Pump.fun Becomes Top Protocol by 24-Hour DEX Volume Across Chains

Pump.fun Becomes Top Protocol by 24-Hour DEX Volume Across Chains

The post says Pump.fun led all protocols in 24-hour decentralized exchange trading activity across every blockchain network.

Fact Check
The claim is directly supported by a detailed report from SolanaFloor (https://solanafloor.com/news/pump-fun-surges-to-1-in-24-h-dex-volume) which cites a specific volume figure of $1.769 billion and mentions it surpassed Uniswap and PancakeSwap. This is further corroborated by news snippets on CoinGecko.
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Terms & Concepts
  • DEX volume: The total trading activity recorded on decentralized exchanges over a set period, usually used to measure market participation and liquidity.
  • Protocol: A blockchain-based application or system that runs according to coded rules, often without centralized control.
  • Across chains: Refers to activity measured over multiple blockchain networks rather than on just one chain.