Pump.fun has expanded from a single-chain Solana application to a multi-chain trading platform, now supporting EVM-compatible networks such as Ethereum, Base, and BNB Chain. The platform states that users can still use SOL as their trading currency without needing to manually cross-chain or hold native gas tokens like ETH or BNB.

Supports multi-chain transactions and gas-free operations.

This update represents Pump.fun's most significant product shift in recent years. Previously, the platform primarily served as an entry point for memecoin issuance and trading on Solana, driving related trading activity on Solana in 2024 and 2025.

According to the platform, the new version integrates multi-chain transactions into a single wallet experience. Users can buy and sell assets on different chains, the system will automatically generate multi-chain wallets, and the platform will cover part of the gas fees. Pump.fun describes this model as a lower-friction multi-chain transaction experience.

Community focus shifts to income and positioning

Following the announcement, community reactions were mixed. Some traders believed that being able to directly buy Ethereum ecosystem memecoins with SOL lowered the barrier to cross-chain operations and further expanded the use cases for Pump.fun.

However, some question whether multi-chain expansion will truly change the platform's revenue structure. The article cites market analysts who point out that some crypto products that have already moved to multi-chain models still primarily derive their revenue from Solana ecosystem activities. This discussion has also led to Pump.fun being compared to applications like Fomo, which place greater emphasis on a more social trading experience.

Will the demand for SOL be weakened?

One of the core issues in the controversy is whether the bond between Pump.fun and Solana is weakening. Earlier this month, Pump.fun also announced plans to introduce USDC trading pairs for its newly issued tokens. Previously, the platform relied more heavily on liquidity pools centered around SOL.

Critics argue that the structural demand for SOL within the platform may decline as trading and liquidity gradually shift to USDC or other on-chain assets. This discussion has intensified with the launch of multi-chain expansion. Some traders believe that Pump.fun is moving towards becoming a chain-neutral trading platform, rather than simply an application deeply tied to Solana.

However, some supporters believe that the expansion of leading applications may actually increase Solana's influence. Solana co-founder Anatoly Yakovenko previously responded to similar criticisms, stating that using SOL as a transaction currency is essentially a net-zero process, as assets are bought, used, and eventually sold; what determines the competitiveness of the ecosystem is the overall depth and activity, not just the asset on which liquidity is priced.

Additional information:Zach Pandl, Head of Research at Grayscale, also stated on social media that Solana remains a leading high-performance blockchain. Discussions surrounding Pump.fun's multi-chain capabilities have extended to the question of how to measure the value of the underlying public chain after leading applications cross-chain.