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Pump.fun has escalated a meme coin war with Raydium by launching its own decentralized exchange (DEX), PumpSwap—potentially a big win for Solana layer-2 Solaxy.
PumpSwap was announced in a March 20 thread on X, and comes just days after Raydium revealed plans for a competing meme coin generator, LaunchLab.
Pump.fun previously relied on Raydium for liquidity migration when tokens hit a certain threshold, but with the introduction of PumpSwap, it’s cutting out the middleman.
Now, all meme coins that are created on Pump.fun that complete their bonding curve will migrate directly to PumpSwap.
The shift is expected to intensify Solana network activity, potentially worsening congestion issues that have plagued the blockchain in recent months, especially after the launch of the official TRUMP and MELANIA meme coins back in January that caused trading volumes to surge.
Solaxy To The Rescue
That’s where Solaxy (SOLX) comes in. As the first layer-2 solution for Solana, Solaxy aims to ease congestion using rollups, a scaling technology that has already helped Ethereum boost transaction throughput.
As activity on Solana heats up, Solaxy will help it scale by introducing its layer-2 network to the ecosystem.
It will play a similar role to that played by Arbitrum and Optimism on the Ethereum ecosystem, and will use proven scaling technologies called rollups to improve Solana’s transaction throughput.
With its layer-2 technology, the project will shift Solana’s transaction processing workload onto its own chain.
It will then process and bundle transactions, before submitting the batches of transactions to the Solana mainnet for final validation.
In doing so, Solaxy will increase Solana’s transaction efficiency while simultaneously lowering fees and upping network speeds.
In addition to scaling Solana, Solaxy will also bridge the network with the Ethereum blockchain.
This will lead to the creation of a new Web3 infrastructure that will combine the strengths of both networks, with SOLX poised to become a primary transaction layer between two of the most prominent blockchains in the crypto industry.
99Bitcoins, an influential YouTube channel that boasts over 725K subscribers, says SOLX could 100X post-launch.
Pump.Fun Reshapes Solana Ecosystem With Solaxy’s Help
Investors were betting big on Solaxy’s future even before this latest development, socking more than $27.3 million into the project’s presale in about three months since it launched.
With Pump.fun now reshaping the Solana meme coin landscape and Solaxy poised to ease congestion, the stage is set for the ecosystem’s next evolution.
If Solaxy delivers as expected, it will be the missing piece that allows Solana to scale seamlessly while fueling the explosive growth of meme coins and other tokens.
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