Pumpdotfun has now launched its native decentralized exchange (DEX), PumpSwap, created to contest with the existing automated market makers (AMMs) like those on Solana. The decentralized finance (DeFi) space is burgeoning, and with it, this new offering from Pumpdotfun comes with a handful of enticing features that aim to draw in traders and liquidity providers. Once powered up, the PumpSwap DEX does its thing with the protocol’s liquidity pools, which are the real secret sauce here and do the heavy lifting when it comes to token swaps and delivering an overall improved trading experience. Pumpdotfun’s launch of PumpSwap is a

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In a daring move that could shift the decentralized finance (DeFi) dynamics on the Solana blockchain, Pumpdotfun, a burgeoning entity in the crypto ecosystem, is developing its own Automated Market Maker (AMM) liquidity pools. Presently in the testing phase at amm.pump.fun, these pools will offer an alternative to existing DeFi platforms such as Raydium, which has emerged as one of the most notable AMM services for Solana-based tokens. Pumpdotfun’s play to build its own liquidity pools, signifying a potential pivot from community-driven fee extraction, is also notable for its AMM’s innovative approach to rendering Solana’s token holders with additional rewards—a

The post Pumpdotfun’s Ambitious Move: Developing Own AMM Liquidity Pools to Empower Token Holders and Increase Fee Revenue appeared first on The Merkle News.

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The Tron network has posted record quarterly revenue largely driven by increasing stablecoin activity and an effort to capture a slice of the growing memecoin market.

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A Messari data engineer has called it the “most extractive crypto phenomenon” since the ICO boom, but the jury’s still out on that one. 

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