Raydium is all set to launch a
Pumpfun competitor, leading to widespread speculation about the possibility of a meme coin war. Despite
PumpSwap hitting a $2.43B volume in 10 days, aggressively competing with Raydium, the Solana-based DEX (
Decentralized Exchange) Raydium's alternative to Pump.fun is expected to go live 'within a week'. Amid these developments, Raydium’s token, RAY, has soared double-digits as Solana has teased a new memecoin launchpad. However, Pump.fun announced the launch of its own DEX, subsequently dropping Raydium and causing the token to dip by 22% amid swirling rumors regarding expected changes. Could
LaunchLab, Raydium’s rival to Pump.Fun, spark a SOL revival and potentially turn this around? Unsurprisingly, despite recent struggles, Raydium has made its mark in the crypto world by surpassing the likes of Uniswap and Ethereum’s numbers, thereby becoming the third highest DEX. However, caution is recommended given Raydium's overbought status. This Solana DEX even unveiled a new
LaunchLab platform to directly compete with Pump.fun. Notably, investors’ interest in Raydium’s performance includes speculation whether this new development will challenge Pump.fun in the meme coin wars or whether Pump.fun's rumored pivot to an AMM would pose a strategic miscalculation for Raydium.
Raydium Coin News Analytics from Tue, 30 Jul 2024 07:00:00 GMT to Mon, 31 Mar 2025 04:17:00 GMT -
Rating -5
- Innovation 6
- Information 8
- Rumor 3
