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Aster DEX Leads CoinMarketCap’s New CMC Launch

by Ouess
written by Ouess

CoinMarketCap has officially entered the spotlight as more than just a data aggregator. With the debut of CMC Launch, the platform is taking a bold step into showcasing promising crypto projects. And the very first to be featured? Aster DEX.

What Is CMC Launch?

CMC Launch is a new initiative by CoinMarketCap aimed at promoting top-performing, early-stage crypto ventures. By highlighting credible, high-impact projects, CMC is creating a space where users can discover potential game-changers—before they go mainstream.

Aster DEX: The First Featured Project

Aster DEX is a decentralized exchange built for perpetual trading. Unlike many hype-driven launches, Aster is already proving itself with impressive metrics:

  • ✅ Over $400 million in daily trading volume
  • ✅ 524,000+ users and counting
  • ✅ $300 million in Total Value Locked (TVL)
  • ✅ 15,000+ daily active users
  • ✅ Multi-chain support, deep liquidity, and low fees
  • ✅ Two interface modes: Simple for beginners and Pro for experts

These figures show Aster isn’t just gaining traction—it’s setting a new standard for DEX platforms.

Why the Aster DEX Launch Matters

The launch of Aster DEX through CMC Launch isn’t just another product announcement. It’s a strong market signal. With high leverage options, cross-chain functionality, and a user-first experience, Aster is positioning itself as the future of decentralized trading.

When Does Aster Go Live?

📅 Mark your calendar: May 15, 2025.
That’s when Aster DEX officially launches. Early adopters are expected to benefit the most, with exclusive features and potential rewards on the table.

Final Thoughts

CoinMarketCap’s decision to launch Aster DEX as its first-ever CMC Launch pick shows real confidence in the project’s potential. If you’re watching for the next big move in DeFi, this could be it.

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DeFi

PumpSwap DEX Hits $10B in Trading Volume in Just 10 Days

by Ouess
written by Ouess

PumpSwap, a decentralized exchange (DEX) created by the team behind memecoin launchpad Pump.fun, has processed an impressive $10 billion in trading volume within its first 10 days, according to Dune Analytics.

Launched on March 20, PumpSwap allows memecoins to migrate directly from Pump.fun without needing to go through Raydium, a leading Solana-based DEX and automated market maker (AMM).

PumpSwap daily volume Source : Dune

PumpSwap vs. Raydium: Market Share Shakeup

Raydium has long dominated the Solana DEX market, processing 25% of total DEX volume in January, according to The Block’s data. However, PumpSwap is quickly catching up.

DEX Volume Source : DeFiLlama

On Saturday alone, PumpSwap accounted for 67.4% of Solana DEX trading volume, while Raydium held just 18.2%. No other exchange surpassed 5% market share, according to analytics dashboards.

Fees and Wallet Growth on PumpSwap

PumpSwap’s explosive adoption has generated:

Lifetime Trders Source : Dune

  • $20 million in protocol fees
  • $5 million in liquidity provider fees
  • Nearly 700,000 wallets interacting with the platform

Lifetime Fees Source : Dune

These numbers highlight the growing demand for decentralized memecoin trading.

Challenges and Competition Ahead

Despite PumpSwap’s strong start, trading volume on Pump.fun has declined, signaling a cooling demand for memecoins. However, Pump.fun has hinted at plans for a native token launch, which could reignite interest.

Meanwhile, Raydium isn’t backing down. The platform is reportedly developing LaunchLab, a memecoin launchpad designed to compete directly with Pump.fun.

As the memecoin ecosystem evolves, the battle between PumpSwap and Raydium will shape the future of Solana DEX dominance.

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DeFi

PumpSwap DEX Surpasses $1B in Volume Amid Memecoin Slowdown

by Ouess
written by Ouess

Pump.fun’s new decentralized exchange (DEX), PumpSwap, has hit $1.1 billion in trading volume just a week after launch. Despite this impressive start, the memecoin market on Solana is showing signs of slowing down.

PumpSwap Records $1M in Daily Fees

Launched on March 19, PumpSwap aims to streamline memecoin trading on Solana. Previously, users had to migrate liquidity to Raydium, adding complexity to the process. With PumpSwap, migrations happen instantly and for free.

In just seven days, PumpSwap reached a cumulative trading volume of $1.1 billion, according to Dune Analytics. On March 24, daily volume surged to $425 million, an eightfold increase from its launch day. The platform also recorded 4.2 million transactions and over 388,000 active users.

PumpSwap vs. Raydium: A New Rivalry?

PumpSwap’s rapid growth comes amid Raydium’s plan to launch its own memecoin platform, LaunchLab. This shift transforms the two Solana projects from partners to competitors in the growing memecoin ecosystem.

PumpSwap’s daily protocol fees exceeded $2.1 million, with liquidity provider fees hitting $540,000. Analysts note that the platform’s $1 million daily fees now rival those of Pump.fun itself.

Memecoin Frenzy Fades—Can PumpSwap Sustain Growth?

Pump.fun’s DEX launch coincides with a decline in Solana’s memecoin activity. Data from Solscan shows that daily token minting on Solana peaked at 95,578 on January 26 but has since dropped to 26,298 on March 22.

Similarly, the number of new tokens successfully listing on DEXs via Pump.fun’s bonding curve fell from 1,200 in January to just 149 on March 20. The overall slowdown has impacted Solana’s revenue, which plummeted 93% from $55.3 million in mid-January to $4 million by March 11.

Despite these challenges, PumpSwap’s strong initial performance suggests that demand for memecoin trading remains high. Whether it can maintain this momentum as the market cools remains to be seen.

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DeFi

Jupiter JUP Token Buyback Begins with $3.33M Repurchase

by Ouess
written by Ouess

Jupiter has officially launched its first JUP token buyback, repurchasing 4.88 million JUP worth $3.33 million, according to on-chain data. The buyback, which began on February 26, was confirmed by on-chain analyst AI姨 on X .

This initiative is part of Jupiter’s broader plan to use 50% of protocol fees for token repurchases, aiming to strengthen the token’s value.

How Jupiter’s Buyback Strategy Works

The buyback program, announced on February 13, is designed to reduce token supply by locking repurchased tokens for three years. This move is expected to create consistent buying pressure, helping prevent JUP from turning into a “value trap.”

https://twitter.com/ai_9684xtpa/status/1894587658359509255?s=46&t=nznXkss3debX8JIhNzHmzw

📌 Key Takeaways from Jupiter’s Buyback Plan:
✔ Total expected buyback in 2025: $50 million
✔ Jupiter’s 2024 revenue: $102 million
✔ Buybacks impact: ~2.7% of JUP’s $1.8 billion market cap

The crypto community has responded positively, seeing the buyback as a strong value-accrual strategy for long-term token holders.

Jupiter Remains Solana’s Leading DEX Aggregator

Jupiter continues to dominate as Solana’s top DEX aggregator, routing trades across Raydium, Orca, and other platforms to ensure the best exchange rates.

Source : DefiLlama

🚀 Revenue Growth Highlights:
✔ Jupiter Perps platform holds 80% of Solana’s perpetual DEX market
✔ 2024 revenue surged from $3M in January to $21M in December
✔ Memecoin trading, including the TRUMP memecoin boom, contributed $35.86M in fees

DeFi’s Growing Shift Toward Buybacks

Jupiter’s initiative aligns with a broader DeFi trend, where protocols like Aave and Ethena are implementing similar token value-accrual models. While the long-term impact remains uncertain, the move reflects a stronger focus on aligning tokenholder value with protocol growth.

With $50 million set aside for buybacks in 2025, will Jupiter’s strategy help drive long-term value for JUP token holders?

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DeFi

Raydium Surges Past Uniswap as Leading DEX for Meme Tokens

by Ouess
written by Ouess

Raydium (RAY) has become the most active DEX in October, surpassing Uniswap due to a surge in meme token trading on Solana. The platform recorded over 90 million active wallets in 30 days, far exceeding Uniswap’s 13.9 million.

Meme Tokens Boost Raydium’s Popularity
Fueled by platforms like Pump.fun, Raydium now handles 60% of Solana’s DEX activity, reflecting Solana’s rising appeal for meme tokens and decentralized trading.

Solana started displacing Ethereum as the most active DEX platform. | Source: Dune Analytics

Solana’s Expanding DEX Market
Solana now captures 43–48% of daily DEX traffic, with Raydium driving growth through meme tokens like WIF and POPCAT, recently securing $3.14 million in fees and locking in $1.4 billion in value.

https://twitter.com/creptosolutions/status/1851617112621482009

RAY Token on the Rise
This surge has pushed RAY to a one-year high, with open interest climbing to $5.69 million. As Raydium grows, it reinforces Solana’s position as a decentralized trading hub.

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Altcoin

Solana Daily Fees Surge Past Ethereum Amid AI Meme Coin Boom

by Ouess
written by Ouess

Solana (SOL) is making headlines with its recent surge in network activity, driven largely by the growing popularity of AI meme coins. As a result, Solana’s daily revenue has surpassed $4.1 million, overtaking Ethereum’s daily fees. This spike in activity has boosted SOL’s price, which has risen by 5.62% to $174, giving the network a market cap of $82 billion.

Solana Overtakes Ethereum in Daily Fees

According to IntoTheBlock data, Solana’s daily fees have now exceeded $4.1 million, surpassing Ethereum’s daily fees. This increase is attributed to the rapid growth of AI meme coins on Solana, with one of the biggest contributors being the Goatseus Maximus (GOAT) token. GOAT has surged over 40%, reaching an all-time high of $0.7009 and pushing its market cap above $700 million.

Launched just two weeks ago on the Pump.Fun platform by an anonymous developer, GOAT has gained attention due to promotions from the AI bot ‘Truth Terminals.’ According to DeFi analyst David Zimmerman from K33 Research, AI meme coins like GOAT have sparked significant interest in recent weeks, with several tokens reaching market caps exceeding $100 million.

SOL Price Rally Gains Momentum

Solana’s price has been on a strong upward trend, outperforming major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Over the past month, SOL has gained 18%, with bullish analysts predicting a potential parabolic rally that could push the price to $2,000.

Recent data from Coinglass shows that Solana’s open interest—representing unsettled futures contracts—has increased by 13.7%, reaching $3.4 billion. Meanwhile, derivatives trading volume is up 25% in the last 24 hours, hitting $9.54 billion. These positive on-chain metrics indicate that Solana’s price rally may continue.

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Altcoin

Uniswap Launches Permissionless Chain Bridge, Eyes Multichain Future

by Ouess
written by Ouess

Uniswap is continuing its innovation in the crypto space with the introduction of a new permissionless chain bridge, just weeks after launching the Unichain testnet. This latest product is designed to enhance interoperability by allowing users to connect across nine different blockchain networks.

Building on Unichain’s Testnet Momentum

Uniswap, despite being a pioneer in the decentralized exchange (DEX) space, is not resting on its laurels. The platform aims to simplify access to multiple protocols, which often have fragmented user interfaces. The permissionless chain bridge provides seamless access to core Ethereum layer-2 protocols, including Optimism and Base.

Powered by the Across Protocol, the bridge offers a competitive edge. Uniswap highlights that Across Protocol ensures “fast, secure bridging that settles in seconds, not minutes.” This decentralized network of liquidity pools and relayers further strengthens Uniswap’s vision for future cross-chain swaps.

Multichain Vision and Unichain Integration

Uniswap has long believed that the future of blockchain is multichain. The introduction of its layer-2 scaling solution, Unichain, supports this vision. With the Unichain testnet live, Uniswap is testing decentralized applications (DApps) that can scale more efficiently. It’s expected that Unichain may soon integrate the new permissionless chain bridge, further enhancing its multichain capabilities.

Impact on UNI Token and Market Outlook

Uniswap has faced challenges, including regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC), which issued a Wells Notice against the platform. Despite these setbacks, Uniswap continues to innovate and push forward, helping to stabilize and potentially increase the value of its native token, UNI.

Currently, the price of UNI is hovering around $7.66, with a slight decline of 4.22% in the last 24 hours. However, analysts suggest that the new permissionless bridge could bring more attention and buying interest, possibly pushing the token’s price higher in the near future.

Recent price analyses have indicated that UNI has the potential to reach $10 in the mid-term, with a longer-term possibility of touching $20 as the market continues to respond to Uniswap’s new innovations.

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Altcoin

Solana DEXs Outperform Ethereum with $54B in July

by Ouess
written by Ouess

Solana’s decentralized exchanges (DEXs) processed $54 billion in trading volume in July, surpassing Ethereum’s $52 billion. This marks the first time Solana has overtaken Ethereum in on-chain volume, according to DefiLlama.

Solana’s Rise to the Top

Solana vs. Ethereum

For the first time, Solana’s DEXs exceeded Ethereum’s in monthly trading volume. Solana processed $54 billion, while Ethereum managed $52 billion in July. Currently, 29% of DEX trades occur on Solana, with Ethereum close behind at 28%. Ethereum Layer 2 Arbitrum ranks third with $24 billion, followed by BSC at $17 billion, and Coinbase’s Ethereum Layer 2 Base with $15 billion.

DEX Volume – DeFiLlama

Driving Factors Behind Solana’s Success

Memecoins and New Tokens

A significant driver of Solana’s activity is memecoins. These new tokens are often issued on pump.fun, a platform enabling rapid creation of largely speculative coins. Over 17,100 tokens were created in one day, continuing a trend of high memecoin launches since March.

Leading Solana DEXs

Top Performers

Raydium leads Solana’s DEXs with $1.08 billion in total value locked (TVL), followed by Drift at $400 million and Orca at $251 million. According to DefiLlama, Solana’s DEX sector handled $1.4 billion in 24-hour volume.

Overcoming Past Challenges

Network Issues and Reputation

Solana’s journey has been challenging, marked by network congestion and halts, and a close association with convicted crypto figure Sam Bankman-Fried. Despite these issues, Solana began appearing regularly in the top 10 for DEX volume in mid-2022, surpassing Avalanche and Polygon in May 2022.

Significant Growth

Volume Surge

Solana’s most notable jump in DEX volume occurred in Q4 2023, rising to $28 billion from $880 million in September. If the memecoin trend continues, Solana might maintain its position among leading networks for the foreseeable future.

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