Pumpfun introduces Pump Bridge for faster crosschain trades
Summary
Pumpfun has announced the introduction of Pump Bridge as the default route for crosschain trades in its app, replacing the previous provider, Relay. This change follows Pumpfun's development of its own bridge to enhance trade reliability and speed, addressing issues identified with Relay. According to Pumpfun, the new bridge offers trades that are twice as fast, with 92% fewer errors and improved fills, based on randomized testing within the app.
Analysis
fomo: Fomo is a mobile-first social crypto trading app that lets users buy tokens across multiple chains from a single balance while viewing and copying real-time trades from others in a feed. It continues to rely on Relay for its crosschain execution needs. The app competes in the same memecoin and social trading space as Pumpfun. Relay: Relay is an intent-based cross-chain bridge that enables fast transfers across dozens of blockchains without requiring wrapped tokens or long settlement waits. It previously powered crosschain functionality for Pumpfun and remains the bridge used by the Fomo trading app. Social trading platforms have integrated it to simplify multi-chain token purchases for users. Pumpfun: Pump.fun is a Solana-based platform for launching meme coins that has expanded into a full mobile app and trading terminal with crosschain support. It recently developed and deployed its own Pump Bridge to serve as the default route for crosschain trades in the app. The move replaces the prior provider and aims to deliver a smoother experience for users executing buys across chains. Product Development: Pumpfun built its own bridge to improve crosschain trade reliability and speed after identifying shortcomings with the previous provider. User Experience Focus: Social trading apps are prioritizing seamless crosschain capabilities to reduce friction for traders moving between chains without manual bridging steps.
Categories
solanacryptodefi
Related sources
- https://x.com/i/status/2112984565887148387
- https://x.com/i/status/2112984539916357813
- https://x.com/i/status/2112984621403238434
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- https://x.com/i/status/2112984602314998184
- https://fomoapp.io/
- https://solanacompass.com/projects/relay-protocol
- https://x.com/i/status/2112984561701597326
- https://www.upshift.finance/blog/what-is-the-fomo-app
- https://x.com/Pumpfun/status/2112980329908609273
- https://relay.link/blog/how-fomo-built-crosschain-trading-using-relay
- https://x.com/Pumpfun/status/2112980382249267382
- https://www.tokenpost.com/tag/pump
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- https://www.tokenpost.com/tag/pump-fun
- https://x.com/a1lon9/status/2112980257611321604
- https://cryptobriefing.com/fomo-surpasses-pumpfun-seven-day-revenue/