Pump.fun launches own DEX, drops Raydium 🚀
Pump.fun has introduced its own decentralized exchange, PumpSwap, poised to overtake Raydium as the primary trading platform for Solana memecoins. It offers a streamlined trading experience and instant, cost-free migrations, addressing a previous point of friction for users.
The launch follows Raydium's announcement of its memecoin launchpad, intensifying competition in Solana's DeFi sector amid declining memecoin trading. Pump.fun's fee revenues have plummeted due to scandals and reduced activity.
PumpSwap will adopt popular features such as revenue sharing with coin creators, aiming to align creators with their communities and incentivize high-quality launches.
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Solana Meme Coin Launchpad Pump.fun Debuts PumpSwap Exchange
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PumpSwap hits $1.5B volume one week after launch despite limited whale activity
PumpSwap captures 21% of Solana DEX market a week after launch
Pump.fun officially launches its DEX PumpSwap: it’s an open challenge to Raydium
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Pump.fun is One of Crypto’s Most Popular Protocols after PumpSwap Launch
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