The performance of the Sol prices over the past 24 hours has been compatible with the rest of the cryptocurrency market and is still largely red. Let’s check some of the most important Solana Ecosystem news.
Raydium launches pump.fun competitor
Raydium – the most famous stock exchange in Solana – has seen an increase in the distinctive symbol price after announcing the launch of its Launchpad platform Meme Coin – a step that many have taken as a direct disclosure in the famous Pump.fun.
After that, after rumors, the latter was testing a very automated market maker.
If reports appear, it is assumed that Launchlab-Meme Coin Launcad of Raydium-upgrade to the distinctive Pump.fun product with dynamic bonidng curves, support for multiple symbols and others.
pump
In turn, it launched Pump.fun Pumpswap – a central exchange aimed, through its appearance, to compete for Mindshare and Market Market with Raydium.
According to the original version, Pmpswap will also provide fee -free symbolism, with planning to submit revenue sharing to creators later. What is the big deal for Raydium, you might ask?
Well, Way Pump.fun was previously designed, needed to reach the maximum market for more than $ 69,000 and “graduate” to Raydium-a process that costs 6 Sol. Now, they can list directly on Pumpswap without having to pay the fees. Note that 36 % of the Raydium trading volume came from the POMP.fun launch operations.
The importance of Solana’s ecosystem projects
If it is not clear now, Pump.fun has a significant impact on the broader ecosystem in Solana. For the weakness of this perspective, think about this: the size of the Solana network and the size of DeX decreased by 97 % in recent months.
This is because the noise around Meme currencies fade after scandals with scales, Melania and other Insider launch operations.
like I mentioned Written by Matthe Haddad, this week, there was a full 24 -hour period without a single symbol through pump.fun. In contrast – in January, the platform witnessed more than 1.7 million symbols launched every day with about 1 % of them graduating.
TRX expands to Solana
Justin Sun, the founder of TRON, alluded to the possibility of the potential TRX Transded (ETF). At the time of writing this report, there is nothing official.
This comes in the wake of the last TRX integration in the Solana’s Blockchain, which increases its usefulness and access to it.
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