pump.Fun已推出了自己的分散交易所（DEX），稱為泵送工程，有可能將Raydium作為Solana Solusd Memecoins的主要交易場所取代

從3月20日開始，成功引導流動性或“債券”的Memecoin將直接遷移到Pumpswap

Pump.fun, the popular Solana memecoin launchpad, has launched its own decentralized exchange (DEX), which could displace Raydium as the primary trading venue for memecoins.

受歡迎的Solana Memecoin Launchpad的Pump.Fun已推出了自己的分散交易所（DEX），它可以將Raydium作為Memecoins的主要交易場所取代。

Memecoins that successfully bootstrap liquidity, or “bond,” on Pump.fun will migrate directly to PumpSwap, Pump.fun said in an X post.

Pump.Fun在X帖子中說，成功引導流動性或“債券”成功地遷移到Pumpswap上的Memecoins。

Previously, bonded Pump.fun tokens migrated to Raydium, which emerged as Solana’s most popular DEX largely thanks to memecoins trading activity.

以前，綁定的泵。Fun代幣遷移到Raydium，由於Memecoins的交易活動，它在很大程度上是Solana最受歡迎的DEX。

According to Pump.fun, PumpSwap “functions similarly to Raydium V4 & Uniswap V2” and is designed “to create the most frictionless environment for trading coins.”

根據Pump.Fun的說法，泵浦“功能類似於Raydium V4＆Uniswap V2”，其設計為“為交易硬幣創造最無摩擦的環境”。

“[M]igrations were a major point of friction - they slow a coin’s momentum and introduce needless complexity for new users,” Pump.fun said.

“ [m]雜物是摩擦的主要點 - 它們減慢了硬幣的勢頭，並給新用戶帶來了不必要的複雜性，” Pump.Fun說。

“[N]ow, migrations happen instantly and for free.”

“ [n] ow，遷移立即發生，免費發生。”

Heightened competition

競爭加劇

競爭加劇

The launch comes just a few days after Raydium tipped plans to create its own memecoin launchpad — called LaunchLab — to directly compete with Pump.fun.

在Raydium提出計劃創建自己的MemeCoin Launchpad（稱為LaunchLab）的計劃後，發布會就直接與Pump.Fun競爭。

Pump.fun and Raydium’s transition from partners to competitors stands to reshape Solana’s decentralized finance (DeFi) ecosystem at a time when memecoin trading volumes are down dramatically from January highs.

Pump.Fun和Raydium從合作夥伴到競爭對手的過渡是在Memecoin交易量與一月份的高點大幅下降的時候重塑Solana的分散融資（DEFI）生態系統。

“We welcome competition because users win at the end of the day,” Alon, one of Pump.fun’s co-founders told Cointelegraph on Monday.

“我們歡迎競爭，因為用戶在一天結束時贏了，” pump.Fun的聯合創始人之一阿隆週一告訴Cointelegraph。

Other upstart protocols — such as Daos.fun, GoFundMeme and Pumpkin — are also vying for a share of Solana’s memecoin market.

其他新貴協議（例如Daos.Fun，GoFundMeme和南瓜）也正在爭奪Solana的Memecoin市場。

PumpSwap plans to adopt one of rival GoFundMeme’s most popular features — revenue sharing with memecoin creators.

Pumpswap計劃採用競爭對手Gofundmeme最受歡迎的功能之一 - 與Memecoin創作者的收入共享。

Soon, “a percentage of protocol revenue will be shared with coin creators,” Pump.fun said.

泵。

“[I]f it succeeds, millions of dollars will go towards aligning creators with their communities and incentivizing higher quality launches.”

“ [i] F它成功了，數百萬美元將用於使創作者與社區保持一致，並激勵更高質量的發射。”

Declining memecoin activity

成人活動的下降

成人活動的下降

On February 27, Cointelegraph reported that successful memecoin launches on Pump.fun were down some 80% from January highs after a series of memecoin-related scandals cooled sentiment among retail traders.

2月27日，Cointelegraph報告說，在一系列與Memecoin相關的醜聞中，零售交易者中的一系列與Memecoin相關的醜聞降溫了，成功的Memecoin在Pump.Fun上的成功下降了約80％。

As a result, Pump.fun’s average daily fee revenue declined from more than $4 million in January to just over $100,000 as of mid-March, according to data from Dune Analytics.

結果，根據Dune Analytics的數據，Pump.Fun的平均每日費收入從一月份的400萬美元下降到截至3月中旬的100,000美元以上。

Memecoins drove explosive growth on Solana in 2024, with the chain’s total value locked (TVL) increasing from around $1.4 billion to more than $9 billion that year, according to DefiLlama.

根據Defillama的數據，Memecoins在2024年推動了Solana的爆炸性增長，該連鎖店的總價值鎖定（TVL）從大約14億美元增加到當年的90億美元。

Raydium was among the biggest beneficiaries, with daily volumes soaring from around $245 million to more than $2 billion over the course of 2024, DefiLlama data shows.

Defillama的數據顯示，雷迪恩是最大的受益者之一，在2024年，每日量從約2.45億美元飆升至超過20億美元。

In January, Raydium launched a leveraged perpetual futures trading platform in a bid to challenge incumbent Jupiter, another top Solana DeFi protocol.

1月，Raydium推出了一個槓桿永久期貨交易平台，以挑戰現任木星（另一種頂級Solana Defi協議）。