The most profitable protocol pump in Solana. Fun is shooting for an even greater part of the defi economy from the chain.
The greatly popular memecoin launchpad presented on Thursday a Swaps Token service driven by the liquidity pools of the protocol. Called Pumpwap, puts the project in direct competition with the market of market manufacturers (AMMS) that facilitate chain token operations.
Instead of “graduating” of Memecoins highly quoted in Raydium, a time center for the pools of Solana Defi, Pump.Fun will now sow promising tokens liquidity in Bompswap tokens. This internal configuration will fully reduce the launch costs, the founders told Coindesk, and alter the way the pump. FUN generates its historically astronomical income.
The founders of Pump.Fun believe that Pumpwap can become the heart of commercial infrastructure without permission in Solana for all tokens, according to launch documents reviewed by Coindesk. They have negotiated agreements with a series of tokens projects that will now establish their liquidity in the Pumpwap rails.
If the AMM is based on an unresated technological advantage for users to attract users (tokens merchants hungry for profits and suppliers of performance search liquidity) of the established advanced trade positions of Solana, then the founders of FUM.Fun would not say it. Coendesk asked them so much, repeatedly.
What the service has for him, at least in the minds of his sponsors, is the distribution. For almost a year, the explosion of Memecoins of Fun. His unexpected profits reformed how researchers in the chain think and talk about income generation protocols.
On Tuesday pump.fun saw $ 1 million in income. The sum is a relative misery compared to the mining gold of the previous year of the platform in the trenches. But it also survives the numbers published by many important cryptographic projects, including Ethereum himself. These profits produce a mental dividend that could give Pumpswap its competitive advantage.
Raydium is ready to be the biggest loser. Much of its negotiation volume during the past year has occurred in the pools first planted by the pump graduation mechanism. The future activity that now flows to Bompswap will be lost. That said, the newly interviewed Memecoin de Memecoin de Raydium could affect the pain by giving Raydium his own Memecoins current.
Tokens creators, meanwhile, can eventually capture a victory. Pumpwap will eventually allow the exchange of income to give them a portion of the basic rate of 25 points of the protocol in the operations, the founders said. But they refused to say how much would the creators flow, or when the switch would turn.
