PANews November 26 news, according to Dune data, Pump.fun accounted for 62.3% of the transaction volume on Solana decentralized exchanges (DEX) in November, while the transaction value accounted for 42.3%. Over the past three months, the platform has contributed an average of over 60% of DEX transaction volume on Solana.
Pump.fun launched in January 2024, allowing users to create tokens for free, giving rise to various popular meme coins. However, the platform has been controversial due to inappropriate content live broadcasts and legal compliance issues, including animal abuse, fake suicide performances, and the upload of inappropriate videos. Nevertheless, Pump.fun has made a significant contribution to Solana's trading ecosystem, and its future development will directly impact the health and stability of the Solana network. Some analysts believe that Solana's over-reliance on Pump.fun may pose potential risks, and caution is needed regarding the long-term sustainability of the network.
