索拉納（Solana）最有利可圖的協議泵。FUN正在為連鎖店經濟的份額更大。

這位廣受歡迎的Memecoin Launchpad於週四宣布了由協議的流動性池提供支持的令牌掉期服務。它稱為Pumpswap，該項目與Solana的自動化營銷商（AMMS）直接競爭，該項目促進了鍊鍊令牌交易。

Pump.fun, Solana's most profitable protocol is setting its sights on an even greater share of the chain’s DeFi economy with a new token swaps service.

Pump.Fun，Solana最有利可圖的協議是通過新的代幣交換服務將目光投向了連鎖店的Defi經濟中的更大份額。

The massively popular memecoin launchpad on Thursday unveiled PumpSwap, powered by the protocol’s own liquidity pools and putting the project in direct competition with Solana’s coterie of automated market makers (AMMs).

這位受歡迎的Memecoin Launchpad於週四揭幕了Pumpswap，該泵由協議自己的流動性池提供支持，並使該項目與Solana的自動營銷商（AMMS）直接競爭。

Instead of “graduating” highly-traded memecoins to Raydium (RADM), a longtime hub for Solana DeFi pools, Pump.fun will now seed promising tokens’ launch liquidity in PumpSwap. This fully in-house setup will cut down on launch costs, the founders said, and alter the way Pump.Fun generates its historically astronomical revenue.

Pump.Fun不會將高度交易的模因（RADM）“畢業”到Raydium（RADM）（RADM）（RADM），而是泵。創始人說，這種完全內部的設置將降低啟動成本，並改變泵的方式。FUN產生其歷史上天文學的收入。

Pump.fun's founders believe PumpSwap can become the beating heart of permissionless trading infrastructure on Solana for all tokens, according to launch documents reviewed by CoinDesk. They've brokered deals with a number of token projects who will now set up their liquidity on PumpSwap's rails.

根據Coindesk審查的發布文件，Fump.Fun的創始人認為，Pumpswap可以成為Solana上無許可的交易基礎設施的跳動核心。他們已經與許多代幣項目進行了交易，他們現在將在Pumpswap的軌道上設置流動性。

If the AMM is leaning on some undisclosed technological advantage to woo users – profit-hungry token traders and yield-chasing liquidity providers – from Solana's established trading outposts, then Pump.fun's founders wouldn't say. CoinDesk asked them as much – repeatedly.

如果AMM從Solana既定的交易哨所中傾向於Woo用戶（渴望獲得的代幣交易者和收益的流動性提供者）的一些未公開的技術優勢，那麼Pump.Fun的創始人不會說。 Coindesk反復問他們。

What the service has going for it, at least in the minds of its backers, is distribution. For nearly a year now Pump.fun's explosion of memecoins has set the agenda for much of crypto, and especially Solana. Its profit windfalls reshaped the way on-chain researchers think and talk about revenue-generating protocols.

該服務至少在支持者的心中所做的就是分發。現在將近一年的時間泵。Fun的爆炸式爆炸已經為大部分加密貨幣（尤其是Solana）設定了議程。它的利潤意外收穫重塑了鏈上研究人員思考和談論創收方案的方式。

On Tuesday Pump.fun saw $1 million in revenue. The sum is a relative pittance compared to the platform's previous year mining gold in the trenches. But it also trounces the numbers posted by many major crypto projects, including Ethereum itself. Such profits yield a mindshare dividend that could give PumpSwap its competitive edge.

週二泵。Fun獲得了100萬美元的收入。與該平台的前一年採礦金牌相比，這筆款項是相對的。但這也拋棄了許多主要加密項目（包括以太坊本身）發布的數字。這樣的利潤產生了思維股票的股息，可以使泵浦的競爭優勢。

Raydium is set to be the biggest loser. Much of its trading volume over the past year has occurred in pools first seeded by Pump.fun's graduation mechanism. It will miss out on future activity now flowing to PumpSwap. That said, Raydium's newly-unveiled memecoin launchpad could blunt the pain by giving Raydium its own stream of memecoins.

Raydium將成為最大的失敗者。過去一年中，其交易量的大部分發生在首先是由泵的畢業機製播種的池中。它將錯過現在流向泵送的未來活動。也就是說，Raydium的新懸掛的Memecoin Launchpad可能會通過給Raydium自己的Memecoins來束縛痛苦。

Creators of tokens, meanwhile, may eventually capture a win. PumpSwap will eventually enable revenue sharing to give them a slice of protocol's 25 basis point fee on trades, the founders said. But they declined to say how much would flow to creators, or when the switch would flip.

同時，代幣的創建者最終可能會贏得勝利。創始人說，Pumpswap最終將使收入分享能夠為他們提供協議的25個基點交易的基準費用。但是他們拒絕說會流向創作者多少，或者何時翻轉。