Pump.fun Rolls Out PumpSwap DEX to Compete with Raydium
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Pump.fun has introduced PumpSwap, a zero-fee decentralized exchange on Solana targeting token migrations and meme coin trading. The platform offers instant token transfers, a 0.25% trading fee model, and plans to implement a creator revenue-sharing program. This move directly challenges Raydium's market position.
March 21, 2025 | 8:30 pm
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RAY token price fluctuated significantly, dropping 13% initially after PumpSwap's announcement, then recovering to trade 7% below its 24-hour previous price.
PumpSwap's launch directly threatens Raydium's market position by offering zero-fee token migrations and competing DEX services. The market's initial negative reaction suggests investor uncertainty about Raydium's future competitive stance.
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