pump.Fun已推出了自己的分散交易所（DEX），称为泵送工程，有可能将Raydium作为Solana Solusd Memecoins的主要交易场所取代

从3月20日开始，成功引导流动性或“债券”的Memecoin将直接迁移到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.

受欢迎的Solana Memecoin Launchpad的Pump.Fun已推出了自己的分散交易所（DEX），它可以将Raydium作为Memecoins的主要交易场所取代。

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帖子中说，成功引导流动性或“债券”成功地迁移到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，绑定的泵。Fun代币迁移到Raydium，由于Memecoins的交易活动，它在很大程度上是Solana最受欢迎的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.”

根据Pump.Fun的说法，泵浦“功能类似于Raydium V4＆Uniswap V2”，其设计为“为交易硬币创造最无摩擦的环境”。

“[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]杂物是摩擦的主要点 - 它们减慢了硬币的势头，并给新用户带来了不必要的复杂性，” Pump.Fun说。

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

“ [n] ow，迁移立即发生，免费发生。”

Heightened competition

竞争加剧

竞争加剧

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提出计划创建自己的MemeCoin Launchpad（称为LaunchLab）的计划后，发布会就直接与Pump.Fun竞争。

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从合作伙伴到竞争对手的过渡是在Memecoin交易量与一月份的高点大幅下降的时候重塑Solana的分散融资（DEFI）生态系统。

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

“我们欢迎竞争，因为用户在一天结束时赢了，” pump.Fun的联合创始人之一阿隆周一告诉Cointelegraph。

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

其他新贵协议（例如Daos.Fun，GoFundMeme和南瓜）也正在争夺Solana的Memecoin市场。

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

Pumpswap计划采用竞争对手Gofundmeme最受欢迎的功能之一 - 与Memecoin创作者的收入共享。

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，数百万美元将用于使创作者与社区保持一致，并激励更高质量的发射。”

Declining memecoin activity

成人活动的下降

成人活动的下降

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报告说，在一系列与Memecoin相关的丑闻中，零售交易者中的一系列与Memecoin相关的丑闻降温了，成功的Memecoin在Pump.Fun上的成功下降了约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.

结果，根据Dune Analytics的数据，Pump.Fun的平均每日费收入从一月份的400万美元下降到截至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.

根据Defillama的数据，Memecoins在2024年推动了Solana的爆炸性增长，该连锁店的总价值锁定（TVL）从大约14亿美元增加到当年的90亿美元。

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的数据显示，雷迪恩是最大的受益者之一，在2024年，每日量从约2.45亿美元飙升至超过20亿美元。

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推出了一个杠杆永久期货交易平台，以挑战现任木星（另一种顶级Solana Defi协议）。