Pump.fun launches lending platform to finance memecoin buys

Quick Summary:

Fi will let users borrow to buy memecoins.Source: Pump.funRelated: Pump.fun launches own DEX, drops RaydiumCompetitive market Pump.fun has been grappling with a sharp drawdown in memecoin trading activity on Solana after several high-profile scandals — such as the LIBRA token’s disastrous launch — soured sentiment on memecoins among retail traders. Adding onchain lending has the potential to draw more liquidity into the space, which has seen trading volumes stabilize in recent weeks, according to data from Dune Analytics.Pump.fun has also been expanding its offerings to stay ahead of mounting competition from rival platforms.

Raydium, Solana’s largest decentralized exchange (DEX) by volume, plans to roll out its own memecoin launchpad, LaunchLab. Other rival protocols — including Daos.fun, GoFundMeme, and Pumpkin — are also vying for a share of Solana’s memecoin market. Number of tokens successfully “bonding” on Pump.fun each day.

Source: Dune AnalyticsOn March 20, Pump.fun launched its own DEX — known as PumpSwap — to replace Raydium as the final home for tokens that successfully bootstrap liquidity on Pump.fun.

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Article Details

Author / Journalist: Cointelegraph by Alex O’Donnell

Category: Crypto

Markets: United States

Topics: Users Pumpswap Plans Tokens Trading According Pump Onchain Lending Memecoins Memecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-02 @ 19:19:24 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 400 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 27546634

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