Pump.fun runs Pmpswap Dex to compete with Raydium

Meme Coin Launcher Pump.

The new platform is with symbolic migrations without friction with zero fees and enhanced liquidity, as she placed itself to the Raydium Challenge directly, the dominant DeX in Solana.

What does Pumpswap bring to the table

in mail On the service of serving, Pump.fun reported that it aims to solve one of the main pain points for the arterial system users: deportation of the distinctive symbol.

Previously, the distinctive symbols that graduated from the Launchpad Meme Coin platform to Raydium faced a fee of 6 Sol, or about 950 dollars. Now, the process will be immediate and free, allowing projects to maintain their momentum without additional complexity.

Dex will also work on the fixed -based market maker model like Raydium V4 and uniswap V2. Users can create or add them to liquidity pools and circulate all codes supported by pumps.

Another feature of the platform mentioned in the post is the form of the next creator’s revenue sharing. POMP.fun plans to give part of the protocol revenue to the symbolic creators, which encourages high -quality launch. This initiative can direct millions to support Mimi currency developers and their societies.

Each trade on PumpsWAP bears 0.25 % fees, with 0.20 % go to liquidity providers and 0.05 % maintained by the protocol. However, the fee structure will be adjusted as soon as the revenue sharing program will be launched to include creators.

The integration of the distinctive symbol

Beyond the Meme currencies, Pump.fun’s New Dex has a partnership with major symbolic projects that fled to Solana, including PUDGY PENGUINS ‘PENGU, Coinbase’s CBTC and Aptos’ Apt.

This strategy directly threatens the dominance of Raydium, as data from Deflalama shows the total closed value (TVL) to $ 1.157 billion, a decrease from $ 2.969 billion in January. When news appeared for the first time that Pump.fun was developing an original exchange, Ray Tokin fell from Raydium by 29 % as the market’s reaction to the possible repercussions of the step took the Crypto launch platform.

As the DEX commander on Solana, Raydium did not take the lying news. On March 19, reports appeared that she was also building a MIM launcher to compete with Pump.fun. Ray’s price increased by 28 % on this occasion, from $ 1.60 to $ 2.05.

It seems that the launch of the Pumpswap has shook the distinctive symbol again, which led him to a 13 % decrease from a height of $ 1.87 to the lowest level in $ 1.62. However, some value has since been found and currently traded at $ 1.73, which is less than 7 % for 24 hours.