Pump.fun Unveils On-Chain Lending Platform to Boost Memecoin Buys on Solana

02.04.2025 21:08
Pump.fun has launched Pump.Fi, an on-chain lending platform that enables users to buy memecoins and NFTs with borrowed cryptocurrency. The protocol, built on the Solana blockchain, requires borrowers to pay one-third of the loan upfront with the balance repaid over 60 days. In addition, Pump.Fi will establish a marketplace for lenders to purchase debt. This move comes as Pump.fun faces stiff competition from rivals including Raydium’s upcoming LaunchLab, Daos.fun, GoFundMeme, and Pumpkin, following a period of subdued memecoin trading after previous high-profile scandals such as the LIBRA token debacle. Complementing this launch, Pump.fun recently introduced PumpSwap—their own decentralized exchange—which now captures over 10% of Solana’s trading volumes and generated nearly $4 million in fees in just one day. The new lending service and DEX expansion are expected to drive liquidity and revitalize the memecoin market on Solana, potentially stabilizing trading volumes as reported by data from Dune Analytics and DefiLlama.
PUMP PumpBTC (Governance token) $0.08192 -5.83%
The introduction of Pump.Fi is likely to create bullish momentum for PUMP through increased user engagement and liquidity. In the short term, the novel financing option could boost trading volumes and attract new investment, driving the token’s price higher. Over the long term, if the platform maintains user trust and delivers consistent performance, PUMP may enjoy sustained upward pressure from enhanced market activity.
RAY Raydium $2.98 +1.84%
Raydium (RAY) faces competitive challenges as Pump.fun expands its services. Short-term effects might include a modest dip in price if investors shift focus to the innovative offerings of Pump.fun. However, given Raydium’s established footprint in the Solana ecosystem, its long-term impact is expected to be neutral or only slightly negative, as it continues to benefit from overall network growth.
SOL Solana $151.06 +2.19%
With Pump.Fi operating on the Solana blockchain, SOL stands to gain indirectly from heightened network usage and increased transaction volumes. In the short term, this could translate to a modest price uptick driven by increased demand for network resources. For the long term, sustained adoption of such platforms on Solana could bolster SOL’s value, provided that overall ecosystem growth remains robust.
Sources
Pumpfun launches DeFi lending platform to finance memecoin purchases
cryptoslate.com 02.04.2025 20:38
Pump.fun launches lending platform to finance memecoin buys
Cointelegraph 02.04.2025 18:19
Pump Fun Launched PumpFi to Fund Memecoins & NFTs
altcoinbuzz.io 02.04.2025 07:45
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