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Are Meme Coins Really Dead? | Weekly Roundup
Apr 1, 2025
Dan Smith, an Analyst at Blockworks Research and former host, shares his insights on the shifting landscape of Solana's meme coins. He discusses the exciting launch of PumpSwap and its potential impact. The conversation explores whether meme coins are truly dead and the mechanics behind their resurgence, particularly on social media. Additionally, they analyze Tron’s recent rise in USDT transfers and the implications of the STABLE Act draft on the market, highlighting the changing dynamics within the crypto ecosystem.
33:22
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Quick takeaways
- PumpSwap's internalization of trading volume marks a significant shift in the meme coin ecosystem on Solana, indicating user engagement growth.
- The proposed STABLE Act draft could heavily impact stablecoin functionality, posing new challenges in the evolving DeFi regulatory landscape.
Deep dives
PumpFun and PumpSwap Overview
PumpFun, a significant player in the Solana ecosystem, has recently launched its own automated market maker (AMM), called PumpSwap, after ending its partnership with Radium for token graduations. This new AMM allows tokens to undergo trading on its platform rather than being transferred to external Radium pools, effectively internalizing the trading volume and potential revenue. The initial data indicates a strong start for PumpSwap, with a notable increase in trading volume since its launch, reflecting the platform's growing popularity in the meme coin segment of the market. This shift aims to enhance the overall performance and sustainability of PumpFun by centralizing more trading activity within its ecosystem.
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