Raydium’s Memecoin Madness: Will Pump.fun Steal the Show? 🤔💰

by

Well, well, well! Look who’s the king of the memecoin jungle! Raydium has strutted its stuff to a whopping 83% dominance in Solana-based memecoin trading over the last three months! Talk about a rise faster than a cat on a hot tin roof! 🐱🔥

According to the latest Memecoins in Q1 2025 report by CEX.io (yes, that’s a thing!), Raydium’s trading volume has skyrocketed to 83%—and that’s despite the overall memecoin market doing the limbo and going down, down, down! 🎢

Remember January? Ah, the good ol’ days when memecoins were riding high on the speculative wave, thanks to political launches like the Trump (TRUMP) and Melania (MELANIA) tokens. At their peak, memecoins were the life of the party, accounting for 11% of total crypto trading volume on January 20! But by April 1, they were like a bad joke—down 58% from their January high, with trading volume plummeting to a mere 4%! Ouch! 😱

But wait! Despite the memecoin market doing the cha-cha into decline, Raydium’s share of the pie has increased from 77% to 83% in Q1 2025! How, you ask? Well, it’s all thanks to their unofficial buddy-buddy partnership with Pump.fun, which is cranking out over 50% of SPL tokens daily! Once these memecoins hit a $69K market cap, they were listed on Raydium faster than you can say “to the moon!” 🚀

However, hold your horses! Pump.fun has just launched its own DEX for memecoins, and now the big question is: how will this shake up Raydium’s throne in the memecoin kingdom? Despite Raydium launching its own memecoin launch platform, LaunchLab, much of its past revenue came from memecoins that jumped ship from Pump.fun. Experts say that the success of launchpads like Pump.fun is driven by their community and lore—something Raydium might find as tricky as teaching a cat to fetch! 🐾

So, to wrap it all up in a neat little bow: while Raydium’s share of memecoin trading volume has increased in Q1, much of that growth was like a free ride on the Pump.fun express. Now that Pump.fun has its own DEX, Raydium might just find itself in a bit of a pickle! The future of its trading volume will depend on how well its own LaunchLab platform can perform. Stay tuned, folks! 🎉

Read More

2025-04-04 17:48