Solana News: Pump.fun Launches PumpSwap DEX as a Raydium Alternative

A significant development in the Solana ecosystem has emerged with the launch of PumpSwap DEX by Pump.fun, a platform known for its memecoins. This new decentralized exchange aims to simplify token trading and challenge the dominance of Raydium, the current go-to trading venue for Solana-based memecoins.

Pump.fun Launches PumpSwap DEX

Solana-based memecoin platform Pump.fun has announced the launch of its own decentralized exchange, PumpSwap. The move aims to streamline token trading and reduce user friction, positioning PumpSwap as a direct alternative to Raydium, which has been the primary trading venue for Solana-based memecoins. Effective March 20, all memecoins that complete their bonding curve on Pump.fun will be automatically migrated to PumpSwap, eliminating the previous reliance on Raydium for liquidity provisioning and trading.

Solana Price Could Crash to $100 Amid Ecosystem Challenges

Solana’s price has fallen over 57% from its highest level this year, with further downside possible. The SOL token dropped to $126.5 on March 21, with a market cap of $64.45 billion. The ongoing crash has been driven by a collapse in the Solana-based meme coin market and a significant drop in trading volume on decentralized exchanges such as Raydium, Orca, and Meteora.

Solana Crypto: Stablecoin Moves Spark ‘Extreme’ Volatility Risk

Solana’s crypto stablecoin market activity has surged dramatically, raising concerns about increased price volatility for SOL. The network experienced sharp fluctuations in Tether (USDT) trading, with a 137% spike in late February following a previous 61% decline. Analysts warn that this instability, combined with external factors like FTX-related token unlocks, could drive unpredictable price movements for Solana.

Solana Predicted to Skyrocket 1000% and Overtake BNB Market Cap

Solana (SOL) has surged 12% and launched its first-ever U.S. Futures ETFs. Daily volume topped $2.33 billion and TVL spiked 10%, prompting analysts to rethink their SOL price predictions. Some analysts forecast SOL could increase 1000% and overtake BNB in market cap. Additionally, JetBolt (JBOLT), with its zero-gas technology, is attracting whales and could disrupt established layer ones like Solana.