Raydium’s dominance in the Solana -based memo trading has increased to 83%even if the overall memo market activity has decreased over the past three months.
According to CEX.IO’s Memecoins in the first quarter of 2025, Raydium has seen a surge in Memecoin trading volume to 83%despite the overall notes of market activity and market cap.
Memecoins was raising speculative momentum following famous political launches such as Trump (Trump) and Melania (Melania) tokens in January. The CEX.IO report said on January 20 that it accounted for 11%of the total encryption trading volume. However, by April 1, Memecoin’s market cap plunged 58% from January and the volume of trading dropped to 4%.
Despite the decrease in the overall Memecoin market activity, Raydium’s Memecoin trading volume increased from 77%to 83%in the first quarter of 2025. This is a direct result of Exchange’s informal partnership, which is responsible for more than 50% of SPL tokens. This Memecoins is automatically listed on Raydium when the market cap records $ 660,000.
But as Pump.fun recently launched its own Dex for Memecoins, it is not clear how it will affect the position of Raydium in the Memecoin Trading Ecosystem. Even though Raydium launched LaunchLab, its own Memecoin Launch platform, many past profits were migrated from PUMP.FUN at Memecoins. Experts point out that the success of Launchpad, such as Pump.fun, will be led by the community and knowledge, which will be difficult for Raydium to replicate.
In summary, Raydium’s Memecoin trading market share has increased in 1Q, but most of its growth was promoted by pump.fun token migration. Since the pump has introduced its own Dex, the raydium can be hit by a significant hitting volume. The degree of decrease will depend on the success or failure of its own lunch rap platform.