Raydium, the Solana-based decentralized exchange (DEX), has seen its native token, Ray, increase by 12% despite competition from the newly launched PumpSwap. The token is currently trading at approximately $1.95 and has gained 25% over the past two weeks. The rise follows a significant decline after PumpSwap's launch, although Raydium's trading volume remains substantial, processing $321.31 million on Sunday. Pump.fun, the launchpad that debuted PumpSwap, is designed to streamline token migration and share project revenues but has yet to impact Raydium's market dominance significantly. With recent trading figures showing Raydium maintaining over 32% of the trading volume on Solana, contributors emphasize Raydium's deep liquidity and technical capabilities as key advantages. The competition posed by PumpSwap has sparked discussions, though experts suggest its effect is still unclear as Raydium holds a stable position in the market amidst ongoing developments.

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