PumpSwap Becomes Second-Largest AMM on Solana by Volume
Pump.fun launched PumpSwap, an automated market maker (AMM) for token migrations, marking a significant development in the Solana ecosystem. Key points include:
- PumpSwap has become the second-largest Solana AMM by volume, surpassing Whirlpool.
- Raydium remains the leader with 50% market share, while PumpSwap holds 18%.
- The largest liquidity pool on PumpSwap features tokens DOGEMOON and ballscoin.
- PumpSwap retains SOL liquidity from tokens completing their bonding curve, generating revenue from transaction fees.
- Token creator revenue sharing will be introduced on PumpSwap.
- Raydium is launching its memecoin launchpad, LaunchLab, and has seen increased pump.fun volume despite losing it to PumpSwap.
- Concerns about inorganic volume are raised regarding pools containing memecoins.
- A Telegram channel for PumpSwap offers discounted artificial volume boosts.
