Competition intensifies between decentralized trading platforms on Solana: pomp.fun trading of $ 2.5 billion, defying Raydium and Orca (Orca) despite legal obstacles

The Solana DECENTRAL TRADING Platform (DEXS) Market (Solana) is an important fluctuation, because Raydium, Orca and Pump.

While Solana’s reputation increases as the favorite blockchain for MC currencies and its distinction in fast low -cost transactions, the intensity of competition between these platforms is intensified. According to data published by Blockworks, Raydium is still higher in terms of weekly trading, while Orca and Pump.fun.

This competition started in March, when Pump.fun reduced its relations with Raydium to launch its special Pumpswap decentralization platform.

Until then, Raydium represented the direct destination of the currencies which are launched from the Pump.Fun platform to obtain liquidity. In response, Raydium launched his interactions of MIM currencies, called Launchlab.

Now, while Pmpswap is recorded high trading sizes and Launchlabs witness the launch of thousands of new currencies, the two platforms rush to attract users and control the market.

Provide an alternative option with unique advantages that attend a troubled start

It is reported that when Raydium announced Launchlab on April 16, this was a bold change in simple being an automatic market that works behind the scenes in an integrated platform to launch the currencies even.

It should be noted that only a few weeks ago, Pump.fun made a fundamental change in the status quo by launching the Pumpswap platform, which in fact removed the raydium from the launch of the MC Currencs.

Consequently, Raydium designed his Launchlab platform by focusing on flexibility, offering two ways to create currencies.

The “JustSendit” method can be created by the launch of currencies without the need to write software codes, by performing the link curve which requires the collection of 85 Solana currency before automatically converting the Raydium complex.

As for the second method, it is more specialized, because it allows developers to determine everything, from the economic data of the currency to its reservation calendars, which offers advanced advantages for the most advanced projects.

Raydium has also added strong incentives to the installations and the company, where 1% negotiation costs are divided to support the radius platform currencies linked to the shelves, operational financing and the creation of a community financing complex.

As for currency installations, they obtain 10% of the negotiation costs, and the reference program is granted 0.1% of the value of Solana trading operations (soil) for those who succeed in attracting new users.

Despite this powerful structure, Launchlab’s performance has come out and it is reported that it has facilitated the creation of more than 3,800 currencies in less than a week.

However, only 44 currencies have managed to switch to the MMA of Raydium to be actively exchanged, reflecting a diploma rate of 1.12%.

However, Launchlab helped stimulate a short-term increase in Solana’s price, increasing by around 6% after the launch of the platform, exceeding the level of resistance.

From a factory for MC production to a force in the world of decentralized trading platforms

The Pumpswap platform – which was launched on March 21 – deleted the need for Raydium currencies, which led to the abolition of the 6 soil currencies and a great simplification of the process; The results came immediate and very successful.

In less than a week, Pumpswap treated $ 2.5 billion in transactions and recorded a daily negotiation volume of $ 417.8 million at its peak. More than 264,000 active portfolios participated in the process during this exciting period, showing the enormous adoption of the platform.

On the other hand, the Pumpswap cost model is the same, with negotiation costs of 0.25% per agreement, and 0.20% of which are allocated to liquidity suppliers while the protocol retains 0.05%.

It is also planned to implement it to already develop an income sharing system with currency establishments. This commercial model is similar to the Raydium V4 and UNISWAP V2 models, which allows the creation of smooth liquidity complexes in front of everyone, and with the least additional costs.

However, there are obstacles to this, because Pomp.Fun is currently faced with legal problems. Burwick Law filed a collective complaint against the platform, saying that it sells unregistered titles, with a particular accent on the PNUT room.

The trial accuses the platform of authorizing plans similar to the fraudulent diet of Ponzi without ensuring adequate protection for investors. Although the result of the trial is not yet clear, this problem is the shadow on the big start of Pumpswap.

As Raydium and Pump. While the OCA also enters the competition circuit, factors such as the increase in negotiation activity and the creation of meme currencies actively and the improvement of user interaction can push the blockchain to new horizons.

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Postal competition is intensifying between decentralized trading platforms on Solana: trading volumes of Pomp. Fun of 2.5 billion dollars, defying Raydium and Orca despite the legal obstacles appearing first on Arab Cryptonews.