Pump.fun’s decentralized exchange (DEX), PumpSwap, has achieved record-breaking numbers, with a daily volume of $426 million and 243,000 users. The Solana-based platform also collected more than $1 million in fees, including $213,000 in protocol charges on March 24, marking its best performance since its launch. Despite the success, its market share of 14.5%, as captured...Read More
Popular meme coin launcher Pump.fun has unveiled PumpSwap, a decentralized exchange (DEX) built on Solana. The new platform promises frictionless token migrations with zero fees and enhanced liquidity, positioning itself to challenge Raydium directly, Solana’s dominant DEX. What PumpSwap Brings to the Table In a post on X introducing the service, Pump.fun stated that it...Read More
The price of Raydium’s RAY token shot up 28% after reports emerged that the Solana-based decentralized exchange (DEX) was planning to launch a rival meme coin platform, LaunchLab, to compete with Pump.fun. It follows rumors that Pump.fun is testing its own automated market maker (AMM), potentially threatening the exchange’s revenue stream. The Battle for Solana’s...Read More
According to Santiment, Bitcoin (BTC), Raydium (RAY), and Frax (FRAX) are currently at the center of social media discussions. Much of the growing discourse is focused on market volatility and governance changes within the crypto ecosystem. The Top 3 Trending Tokens Santiment’s February 25 report reveals that BTC is getting attention due to a recent...Read More
Raydium’s native RAY token has taken a hit, nosediving by more than 29% after reports emerged that Pump.fun is developing its own automated market maker (AMM). If true, the move could threaten Raydium’s dominance in the Solana decentralized finance (DeFi) ecosystem. Pump.fun to Launch AMM? Reports have been circulating that Pump.fun, known for its meme...Read More
