Key Takeaways
- PumpSwap eliminates the need for token migrations to Raydium, operating as a native DEX on Solana.
- The launch follows a 94% drop in Pump.fun’s volume amid rising competition from Raydium’s memecoin platform.
- Pump.fun launched PumpSwap, its native decentralized exchange on Solana, eliminating the requirement for tokens to migrate to Raydium for secondary trading.
- The move comes as Pump.fun’s trading volume has fallen 94% since early 2025, as it looks for ways to retain liquidity and fees within its ecosystem.
- The new DEX operates similarly to Uniswap V2 and Raydium V4, enabling users to create and add to liquidity pools and trade listed tokens.
- PumpSwap introduces a 0.25% trading fee, allocating 0.20% to liquidity providers and 0.05% to the protocol, while also removing the 6 SOL migration fee and setting the stage for future creator revenue sharing.
- With its launch, PumpSwap integrated various tokens beyond meme coins, enabling trading for Aptos ($APT), Tron ($TRON), Coinbase’s cbBTC, Ethena’s $USDe, $PENGU, and others.
- The platform has undergone nine security audits and plans to make its program open-source.
“Our goal from day one was to build a product that could escape the crypto bubble and capture the attention of millions of non-crypto natives,” said Pump.fun co-founder Alon Cohen, adding that the team remains focused on reducing friction and aligning incentives between creators and traders.
The launch addresses rising competition from Raydium, which has been developing its own memecoin launchpad, LaunchLab.
By implementing instant, zero-fee migrations and introducing a revenue-sharing model for token creators, Pump.fun aims to retain liquidity within its ecosystem.