{"id":125496,"date":"2025-03-20T20:15:59","date_gmt":"2025-03-20T20:15:59","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125496"},"modified":"2025-03-20T20:15:59","modified_gmt":"2025-03-20T20:15:59","slug":"pump-fun-launches-own-dex-drops-raydium","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125496","title":{"rendered":"Pump.fun launches own DEX, drops Raydium"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsPump.fun has launched its own decentralized exchange (DEX) called PumpSwap, potentially displacing Raydium as the primary trading venue for Solana (SOL) memecoins.\u00a0<br \/>\nStarting on March 20, memecoins that successfully bootstrap liquidity, or \u201cbond,\u201d on Pump.fun will migrate directly to PumpSwap, Pump.fun said in an X post.\u00a0<br \/>\nPreviously, bonded Pump.fun tokens migrated to Raydium, which emerged as Solana\u2019s most popular DEX largely thanks to memecoins trading activity.\u00a0<br \/>\nAccording to Pump.fun, PumpSwap \u201cfunctions similarly to Raydium V4 &amp; Uniswap V2\u201d and is designed \u201cto create the most frictionless environment for trading coins.\u201d<br \/>\n\u201c[M]igrations were a major point of friction &#8211; they slow a coin\u2019s momentum and introduce needless complexity for new users,\u201d Pump.fun said.<br \/>\n\u201c[N]ow, migrations happen instantly and for free.\u201d<br \/>\nRaydium\u2019s trading volumes surged in 2024, largely due to memecoins. Source: DeFiLlamaRelated: Solana shorts spike amid memecoin scandals<br \/>\nHeightened competition<br \/>\nThe launch comes just a few days after Raydium tipped plans to create its own memecoin launchpad \u2014 called LaunchLab \u2014 to directly compete with Pump.fun.\u00a0<br \/>\nPump.fun and Raydium\u2019s transition from partners to competitors stands to reshape Solana\u2019s decentralized finance (DeFi) ecosystem at a time when memecoin trading volumes are down dramatically from January highs.\u00a0<br \/>\n\u201cWe welcome competition because users win at the end of the day,\u201d Alon, one of Pump.fun\u2019s co-founders told Cointelegraph on March 20.\u00a0<br \/>\nOther upstart protocols \u2014 such as Daos.fun, GoFundMeme and Pumpkin \u2014 are also vying for a share of Solana\u2019s memecoin market.\u00a0<br \/>\nPumpSwap plans to adopt one of rival GoFundMeme\u2019s most popular features \u2014 revenue sharing with memecoin creators.\u00a0<br \/>\nSoon, \u201ca percentage of protocol revenue will be shared with coin creators,\u201d Pump.fun said.<br \/>\n\u201c[I]f it succeeds, millions of dollars will go towards aligning creators with their communities and incentivizing higher quality launches.\u201d\u00a0<br \/>\nPump.fun\u2019s fee revenues are down sharply from January highs. Source: Dune AnalyticsDeclining memecoin activity<br \/>\nOn Feb. 27, Cointelegraph reported that successful memecoin launches on Pump.fun were down some 80% from January highs after a series of memecoin-related scandals cooled sentiment among retail traders.\u00a0<br \/>\nAs a result, Pump.fun\u2019s average daily fee revenue declined from more than $4 million in January to just over $100,000 as of mid-March, according to data from Dune Analytics,<br \/>\nMemecoins drove explosive growth on Solana in 2024, with the chain\u2019s total value locked (TVL) increasing from around $1.4 billion to more than $9 billion that year, according to DefiLlama.<br \/>\nRaydium was among the biggest beneficiaries, with daily volumes soaring from around $245 million to more than $2 billion over the course of 2024, DefiLlama data shows.<br \/>\nIn January, Raydium launched a leveraged perpetual futures trading platform in a bid to challenge incumbent Jupiter, another top Solana DeFi protocol.<br \/>\nMagazine: Trump\u2019s crypto ventures raise conflict of interest, insider trading questions<a href=\"https:\/\/cointelegraph.com\/news\/pump-fun-launches-own-dex-dropping-raydium?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsPump.fun has launched its own decentralized exchange (DEX) called PumpSwap, potentially displacing Raydium as the primary trading venue for Solana (SOL) memecoins.\u00a0 Starting on March 20, memecoins that&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125496"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125496"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125496\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125496"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}