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Solana Dex Raydium to launch Pump.fun competitor

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Raydium is planning a central -based dex (DeX) to put it to create Mim Queen for its launch to compete directly with Pump.fun.

This step comes from Raydium after a month after finding that pump.fun was Work on His automated market maker to replace Raydium.

Raydium

According to what was reported, the Raydium Launcad Pad plate will be a fork for the pump

Raydium will be planned It is said It should be called “launchlab” and it will mainly be a fork for the pump. With some differences.

The new statute will have a pump.fun. However, it will also allow third -party users to set their own fees and direct access to the liquidity gathering in Raydium.

Raydium plans to launch its MEME coin come amid the risk of Solana’s Dex to lose 35 % of its revenue if Pump.fun launches its automated market maker.

In the aftermath of the news, the original Ray Token from Raydium has increased their prices. Coinmarketcap data He explains that Altcoin has risen more than 12 % on the 24 -hour time frame at $ 1.86 as of 1:37 am US EST.

The gain from Ray was added to its positive and positive performance. As a result, the encryption has increased by more than 23 % over the past seven days.

The number of symbols created daily on Pump

The Raydium step also comes amid a decrease in the activity of Meme on Pump.fun. Data from Sandin dune analyzes He explains that the number of new symbols created in one day on the platform He fell From more than 59 thousand in late January to less than 30 thousand.

Along with the decrease in the number of new symbols created daily, trading sizes also diminished on Pump.fun. After reaching a peak exceeding $ 3.3 billion on January 20, trading activity has decreased to less than $ 900 million in the past few days.

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