Raydium Token Rises Amid Competition from PumpSwap
- Raydium’s token, Ray, increased by 25% over the past 14 days, trading at $1.95.
- Raydium processed $321.31 million in trading volume on Sunday, a 4% decrease from the previous week.
- Pump.fun emerged as a major launchpad with over $600 million in revenue and created over 70,500 tokens.
- PumpSwap recorded daily volumes of $669,120 and $3.26 million on Saturday and Sunday, respectively.
- Raydium accounted for 32.7% of Solana’s total trading volume in the past 24 hours.
Despite competition from PumpSwap, Raydium’s token has risen significantly in recent weeks. The exchange remains a dominant player on Solana with substantial trading volumes and deep liquidity across various tokens.
Source (2.6)https://decrypt.co/311444/solana-dex-raydium-token-jumps-despite-emergence-of-rival-pumpswap?rand=52368
