PANews reported on November 26 that according to Dune data, Pump.fun accounted for 62.3% of Solana's decentralized exchange (DEX) trading volume in November, while its trading value accounted for 42.3%. In the past three months, the platform has contributed an average of more than 60% of Solana's DEX trading volume.
Pump.fun was launched in January 2024, allowing users to create tokens for free and spawning a variety of popular meme coins. However, the platform has been controversial for live streaming of inappropriate content and legal compliance issues, including animal abuse, fake suicide performances, and inappropriate video uploads. Despite this, Pump.fun has made a huge contribution to Solana's trading ecosystem, and its future development will directly affect the health and stability of the Solana network. Some analysts believe that Solana's over-reliance on Pump.fun may lead to potential risks, and it is necessary to be vigilant about the long-term sustainability of the network.
