The analyst told Cointelegraph: “The launch of the first Solana ETFs in the US could significantly boost Solana’s market position by increasing demand and liquidity for SOL, potentially narrowing the gap with Ethereum’s market cap.”The Solana ETF will grow institutional adoption by “offering a regulated investment vehicle, attracting billions in capital and reinforcing Solana’s competitiveness against Ethereum,” said Lee, adding that “Ethereum’s entrenched ecosystem remains a formidable barrier.”Continue readingPump.fun launches own DEX, drops RaydiumPump.fun has launched its own decentralized exchange (DEX) called PumpSwap, potentially displacing Raydium as the primary trading venue for Solana-based memecoins. Starting on March 20, memecoins that successfully bootstrap liquidity, or “bond,” on Pump.fun will migrate directly to PumpSwap, Pump.fun said in an X post. Previously, bonded Pump.fun tokens migrated to Raydium, which emerged as Solana’s most popular DEX, largely thanks to memecoin trading activity. According to Pump.fun, PumpSwap “functions similarly to Raydium V4 and Uniswap V2” and is designed “to create the most frictionless environment for trading coins.”“Migrations were a major point of friction - they slow a coin’s momentum and introduce needless complexity for new users,” Pump.fun said.“Now, migrations happen instantly and for free.”Raydium’s trading volumes surged in 2024, largely due to memecoins.
On March 19, Garlinghouse revealed that the SEC would dismiss its legal action against Ripple, ending four years of litigation against the blockchain developer for an alleged $1.3-billion unregistered securities offering in 2020.“It feels like a victory for the industry and the beginning of a new chapter,” Garlinghouse said on March 19 at the Summit, which Cointelegraph attended. Ripple’s CEO said the SEC is dropping its case against the blockchain developer.
Source: Brad GarlinghouseContinue readingSolana futures ETF to grow institutional adoption, despite limited inflowsThe crypto industry is set to debut the first SOL futures ETF, a significant development that may pave the way for the first spot SOL ETF as the “next logical step” for crypto-based trading products, according to industry watchers.
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Author / Journalist: Cointelegraph by Zoltan Vardai
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