Pump.fun Launches PumpSwap on Solana: Is This the End of Raydium (RAY)?

Without pump.fun and meme, Solana is likely to fall behind ethereum and Tron. Then came coins such as Bonk and Bome, Sol decreased corner prices, and rose from 2022 lower at about 8 dollars to the highest level ever in January 2025.

Pump.fun and Rise of Meme Coins on Solana

Pump.fun make Solana Solana Solana to-To Blockchain to launch Mimi currencies. To launch a Spl icon, it can be replaced for Sol, for example, all you have to do is visit the pumpHasar Home and choose the name, symbol and image.

In the next few steps, your MG currency will be alive, and if you are fortunate enough to gain traction – Say Elon Musk mentions the Mimi currency or receives a developed attention – you will be appointed, even the “graduate” and is included on Raydium.

When more users launched Mimi currencies at Solana via the pumpHasarThe launch platform has become the most profitable protocol on Solana.

However, there was another impact: since the symbols of more than $ 69,000 in the market graduated and included in Raydium, DeX has also become one of the best performance protocols, wave ride and exceeding millions of dollars in revenue where merchants were replaced, and search for the best Solana Meme’s best posts for purchase.

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Pump.fun says pumpswap on the air

This period of high performance may end for Raydium now after Pump.fun has announced that it launches its Dex, Dubbed Pustswap.

In a post on X, pumpHasar The aforementioned pumpswap said, the distinctive symbol gate will be supported by king Liquidity bathrooms, put it in direct competition with other Dexes, especially Raydium, which has long been a center for the M -currency trade, benefiting from the pumpHasar leap.

Presentation of the new Pmpswap, DEX, the new pump

Starting from all the coins that complement their interconnection curve will migrate directly to Pumpswap

Pumpswap empowerment
Immediate migrations
– 0 immigration fees (down from 6 Sol)
– More liquidity
Share creators ’revenues (soon)

& more pic.twitter.com/t9bkmavvs

PUMP.fun (pumpdotfun) March 20, 2025

According to the pumpHasar Developers, the goal is to enhance the user experience, and one way to do this is to eliminate unnecessary friction.

Therefore, instead of the symbols of at least $ 69,000 on the market ceiling deportation and inserts on Raydium, it will be included directly on the pumpswap without any additional fees. Previously, immigrant protocols had to pay 6 Sol fees. All migrations will also be immediate.

As a way to stimulate the mineral currencies to switch to Pumpswap, the developers said that a percentage of their revenues will participate, in the coming days, with metal currencies. The exchange fees will be determined by 0.25 %, with 0.20 % distribution to liquidity providers and the remaining 0.05 % to DeX.

On x, co -founder of the pumpHasar They said required “To reach the next level” and now “reduce the barriers and friction points without mercy.”

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A blow to Redium?

Whether Redium was an obstacle to their success, it still should be seen. What is clear is that this step is a tremendous blow to Solana Dicks.

For several months, Raydium was synonymous with Meme Coin Trading on Solana. In this process, Ray, the original governance symbol, became one of the best encryption for purchase.

Estimates indicate that they are on average receive 36 % of their pump.fun trading volume per month.

By the end of 2024, Raydium achieved about $ 154 million of revenues, including nearly half of the pumpHasar. Now that the symbols have not been traded on their bars but on Pumpswap, this means that Raydium will lose a large part of the trading volume and revenue.

Hours after the advertisement, Ray slipped, lost 11 %, for all Coingecko data.

Does Raydium stand tall?

All hope, however, are not lost.

This week, Raydium Firing Launchlab, the Launchpad platform competed by Pump.fun, but its intention is not “stealing the pumpHasar Users. “

It features additions such as flexible bonding curve and multi -birth support, which means that it supports distinctive symbols outside Solana.

Launchpad also provides a smooth liquidity integration that ensures that Dex is still competitive, and even heading to competitors.

According to Raydium, Launchlab is “much more diverse” and will combine the LP wardrobe from DeX for NFTS. What this means is that it closes liquidity to secure the exchange fees forever.

Besides the launch platform, it may take time before you pick up pumpswap the momentum. Indeed, Raydium is common and has a broader user base. For each Devillama, it runs more than $ 1.1 billion in late March 2025.

Raydium also serves other sectors, including Defi, not only Meme, which aims to benefit from after the launch of Pumpswap.

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Post Pump.fun launches Pumpswap on Solana: Is this the end of Raydium (Ray)? First appeared on 99bitcoins.