Pump.fun, a platform for creating tokens, has played a significant role in the Solana ecosystem. In November, 62.3% of all decentralized exchange (DEX) transactions on Solana were related to Pump.fun tokens, and the value of these transactions accounted for 42.3% of the total volume. The platform launched in January, allowing anyone to create a token for a low fee, which has led to the creation of popular meme coins.
However, Pump.fun has faced criticism for hosting controversial and illegal tokens. The platform recently added livestreaming as a feature, but has been criticized for featuring disturbing content. The company is facing legal issues related to its terms of service and privacy policy, which could impact the future of the platform and, potentially, Solana as a network.
Source
<p>The post Pump.fun Tokens Dominate Solana DEX Transactions first appeared on CoinBuzzFeed.</p>
