Raydium (RAY), a decentralized exchange (DEX) on the Solana blockchain, is actively contending with its competitor
Pump.fun in the memecoin market. Recently, Raydium launched
LaunchLab, its memecoin platform, to compete directly with Pump.fun. This aggressive move upped the ante in their memecoin rivalry and created a significant shift in trading volumes. However, the newly rolled out
PumpSwap, a decentralized exchange by
Pump.fun, aimed at challenging
Raydium's standing. This led to a downward trend in
Raydium's token value, triggering a 28% decline due to the AMM rumors about Pump.fun. The
LaunchLab project surged Raydium's token by a promising 14%, but the platform is yet to take the lead in the memecoin market, where Pump.fun still dominates. Raydium coin saw some price volatility, with peaks and troughs indicating a potential rally as well as a bearish outlook. Meanwhile, reports suggest a significant volume surge, whereby Raydium exceeded even
Uniswap's monthly trading volume for two consecutive months. Raydium's recently launched
Perpetual Futures Trading on Solana's network, with attractive zero gas fees, is also a highlight, demonstrating their proactive strategy. Lastly, despite Pump.fun's AMM rumors and the launch of their own DEX, Raydium continues to present a competitive front and refuses to back down from the memecoin market race.
Raydium Coin News Analytics from Thu, 05 Jan 2023 08:00:00 GMT to Thu, 16 Oct 2025 07:00:00 GMT -
Rating 4
- Innovation 3
- Information 7
- Rumor -2
