Solana’s decentralized exchange market is heating up as Raydium, Orca, and Pump.fun compete for dominance. Pump.fun launched PumpSwap, significantly raising trading volume, while Raydium introduced LaunchLab to retain users and innovate.
Despite its success, Pump.fun faces a class-action lawsuit regarding PNUT token sales, alleging violations related to unregistered securities. This legal cloud may impact its operations, as Solana continues to thrive with increased user engagement.
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