{"id":126340,"date":"2025-04-02T19:16:39","date_gmt":"2025-04-02T19:16:39","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126340"},"modified":"2025-04-02T19:16:39","modified_gmt":"2025-04-02T19:16:39","slug":"pump-fun-launches-lending-platform-to-finance-memecoin-buys","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126340","title":{"rendered":"Pump.fun launches lending platform to finance memecoin buys"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsPump.fun is launching a lending platform to enable users to buy memecoins and non-fungible tokens (NFTs) with borrowed cryptocurrency, the Solana-based memecoin launchpad said.\u00a0<br \/>\nDubbed Pump.Fi, the onchain lending protocol provides \u201cimmediate\u2026 financing for [any] digital asset,\u201d Pump.fun said in an April 1 X post.<br \/>\nAccording to Pump.fun, borrowers pay one-third up front and the rest over 60 days. In addition, Pump.Fi will create a marketplace for lenders to buy debt.\u00a0The protocol did not specify how Pump.Fi \u2014 which doesn\u2019t do credit checks \u2014 plans to ensure repayment of undercollateralized onchain loans.\u00a0<br \/>\nPump.Fi will let users borrow to buy memecoins. Source: Pump.funRelated: Pump.fun launches own DEX, drops Raydium<br \/>\nCompetitive market<br \/>\nPump.fun has been grappling with a sharp drawdown in memecoin trading activity on Solana after several high-profile scandals \u2014 such as the LIBRA token\u2019s disastrous launch \u2014 soured sentiment on memecoins among retail traders.\u00a0<br \/>\nAdding onchain lending has the potential to draw more liquidity into the space, which has seen trading volumes stabilize in recent weeks, according to data from Dune Analytics.<br \/>\nPump.fun has also been expanding its offerings to stay ahead of mounting competition from rival platforms.<br \/>\nRaydium, Solana\u2019s largest decentralized exchange (DEX) by volume, plans to roll out its own memecoin launchpad, LaunchLab.\u00a0<br \/>\nOther rival protocols \u2014 including Daos.fun, GoFundMeme, and Pumpkin \u2014 are also vying for a share of Solana\u2019s memecoin market.\u00a0<br \/>\nNumber of tokens successfully \u201cbonding\u201d on Pump.fun each day. Source: Dune AnalyticsOn March 20, Pump.fun launched its own DEX \u2014 known as PumpSwap \u2014 to replace Raydium as the final home for tokens that successfully bootstrap liquidity on Pump.fun.<br \/>\nSwitching to PumpSwap has streamlined PumpFun\u2019s process for listing new tokens and cut costs for users, it said.<br \/>\nPumpSwap also plans to start distributing a portion of trading fees to coin creators, according to Pump.fun co-founder Alon.<br \/>\nThe newly launched DEX has already captured a more than 10% share of Solana\u2019s trading volumes and even overtaken Raydium \u2014 along with every other Solana app \u2014 in 24-hour fees, according to data from Dune Analytics and DefiLlama. On April 1, PumpSwap generated nearly $4 million in fees.<br \/>\nMagazine:\u00a0Help! My parents are addicted to Pi Network crypto tapper<a href=\"https:\/\/cointelegraph.com\/news\/pump-fun-launches-defi-lender-finance-memecoin-buys?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 is launching a lending platform to enable users to buy memecoins and non-fungible tokens (NFTs) with borrowed cryptocurrency, the Solana-based memecoin launchpad said.\u00a0 Dubbed Pump.Fi, the onchain&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\/126340"}],"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=126340"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126340\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126340"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}