{"id":18350,"date":"2025-03-20T19:46:45","date_gmt":"2025-03-20T19:46:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18350"},"modified":"2025-03-20T19:46:45","modified_gmt":"2025-03-20T19:46:45","slug":"pump-fun-launches-own-dex-drops-raydium","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18350","title":{"rendered":"Pump.fun launches own DEX, drops Raydium"},"content":{"rendered":"
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<\/p>\n<\/p>\n

\"Pump.fun<\/p>\n

Pump.fun has launched its own decentralized exchange (DEX) called PumpSwap, potentially displacing Raydium as the primary trading venue for Solana (SOL<\/a>) memecoins.\u00a0<\/p>\n

Starting on March 20, memecoins that successfully bootstrap liquidity, or \u201cbond,\u201d on Pump.fun will migrate directly to PumpSwap, Pump.fun said<\/a> in an X post.\u00a0<\/p>\n

Previously, bonded Pump.fun tokens migrated to Raydium, which emerged as Solana\u2019s most popular DEX largely thanks to memecoins trading activity.\u00a0<\/p>\n

According to Pump.fun, PumpSwap \u201cfunctions similarly to Raydium V4 & Uniswap V2\u201d and is designed \u201cto create the most frictionless environment for trading coins.\u201d<\/p>\n

\u201c[M]igrations were a major point of friction – they slow a coin\u2019s momentum and introduce needless complexity for new users,\u201d Pump.fun said. <\/p>\n

\u201c[N]ow, migrations happen instantly and for free.\u201d<\/p>\n

\"Pump.fun
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Raydium\u2019s trading volumes surged in 2024, largely due to memecoins. Source: <\/em>DeFiLlama<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Related: <\/strong><\/em>Solana shorts spike amid memecoin scandals<\/strong><\/em><\/a><\/p>\n

Heightened competition<\/h2>\n

The launch comes just a few days after Raydium tipped plans to create its own memecoin launchpad<\/a> \u2014 called LaunchLab \u2014 to directly compete with Pump.fun.\u00a0<\/p>\n

Pump.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<\/p>\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<\/p>\n

Other upstart protocols \u2014 such as Daos.fun, GoFundMeme and Pumpkin \u2014 are also vying for a share of Solana\u2019s memecoin market.\u00a0<\/p>\n

PumpSwap plans to adopt one of rival GoFundMeme\u2019s most popular features \u2014 revenue sharing with memecoin creators.\u00a0<\/p>\n

Soon, \u201ca percentage of protocol revenue will be shared with coin creators,\u201d Pump.fun said.<\/p>\n

\u201c[I]f it succeeds, millions of dollars will go towards aligning creators with their communities and incentivizing higher quality launches.\u201d\u00a0<\/p>\n

\"Pump.fun
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Pump.fun\u2019s fee revenues are down sharply from January highs. Source: <\/em>Dune Analytics<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Declining memecoin activity<\/h2>\n

On Feb. 27, Cointelegraph reported that successful memecoin launches on Pump.fun were down some 80% from January highs<\/a> after a series of memecoin-related scandals cooled sentiment among retail traders.\u00a0<\/p>\n

As 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<\/a> from Dune Analytics, <\/p>\n

Memecoins 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<\/a> to DefiLlama.<\/p>\n

Raydium 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<\/a>.<\/p>\n

In January, Raydium launched a leveraged perpetual futures trading platform in a bid to challenge incumbent Jupiter, another top Solana DeFi protocol.<\/p>\n

Magazine: <\/strong><\/em>Trump\u2019s crypto ventures raise conflict of interest, insider trading questions<\/strong><\/em><\/a><\/p>\n