Raydium is amidst a full-force rivalry with
Pump.fun, following the launch of Pump.fun's own decentralized exchange (DEX), presenting risks for Raydium's prevalent status in the memecoin market. As Pump.fun's DEX takes off, Raydium likewise plans to put forth a competitor, potentially triggering a meme coin war. The competition heats up as
PumpSwap, Pump.fun's platform on
Solana, goes live, an event some have construed as the downfall of Raydium (RAY). Despite current challenges, Raydium manages a 16.8% jump in a day, ranking it as the third highest DEX. Yet, analysts project a grueling route ahead for RAY in future forecasts. Amid volatility, Raydium suffers 66% drop but makes an impressive rebound with a 60% hike in bullish momentum. Several factors contribute to RAY's rollercoaster ride including the unveiling of
LaunchLab, proposed to compete with Pump.fun, and massive growth fuelled by investors from Aave and Raydium alike. Raydium outdoes Uniswap in monthly DEX volumes, twice consequently, with an added boost from Solana DEX tokens Raydium, Jupiter, and Orca amidst a tidal wave of Trump meme coins. A significant feature from Raydium witnessed is the public beta for perpetual futures trading on Solana. Tremors are felt in the RAY market as rumors of Pump.fun's Automated Market Maker surface, pushing RAY down by 31%. Despite the steals and clashes, Raydium comes off strong as it surpasses Uniswap in monthly trading volume and surges past Tether in fees while keeping pace with the memecoin revival.
Raydium Coin News Analytics from Tue, 22 Oct 2024 07:00:00 GMT to Fri, 04 Apr 2025 14:34:56 GMT -
Rating 3
- Innovation 7
- Information 5
- Rumor -5
