Media: the team behind the Pump. fun meme token launchpad on Solana is preparing to launch its own DEX
Analysts estimate that if the launch is successful, it will reduce Raydium exchange fee revenues by 30-50%
24.02.2025 - 13:00
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What’s new? The team of the largest launchpad of meme tokens Pump. fun on the Solana network has started testing its own decentralized crypto exchange (DEX) in the automated market maker (AMM) format.
What else is known? If successfully implemented, DEX from Pump. fun will allow the platform to charge more fees and compete with Raydium, which is currently the largest DEX on Solana.
Meme tokens account for a significant share of the total trading volume on decentralized exchange markets, and the figure is growing over time. According to the analytics platform DeFiLlama, total trading fees on Pump. fun has already exceeded $500 million.
Currently, about 1,4% of tokens launched on Pump.fun starts trading on Raydium. This means that an in-house AMM could help keep more liquidity in the Pump.fun ecosystem.
Members of the crypto community believe that a successful launch could lead to additional features and products such as lending and perpetual meme token futures.
Analysts estimate that Raydium’s trading volume could drop by 30-50% if DEX Pump.fun is successfully launched. According to data from aggregator CoinGecko, the native token of Raydium (RAY) has already lost 30% over the past 24 hours amid the news, falling to $2,95, its lowest since October 2024.
Elliptic revealed details about the laundering of $1,46 billion stolen from Bybit
Analysts called the incident the largest single theft in history
The Pump.fun team has also been in the news in the last 24 hours after preventing hackers of the Bybit exchange from laundering funds on their platform. Thus, Pump.fun blocked them from transferring assets through its infrastructure and laundering stolen money by launching new tokens.
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