Introducing PumpSwap, Pump's new native DEXbeginning NOW all coins that complete their bonding curve will migrate directly to PumpSwap

This is a strategic departure from using Raydium as a traditional center of liquidity on Solana. By keeping liquidity in-house, Pump.fun hopes to make operations more efficient and reduce costs of launch.

Key Takeaways:

Pump.fun has launched PumpSwap, a token swap service that is built on its own liquidity pools in a move that will see it go head-to-head with decentralized exchanges and automated market makers on Solana.

Now control is taken entirely by PumpSwap to ensure that all memecoins that are bonding curve complete move to the new platform. This is claimed by the team to minimize friction, prevent delays in migration, and enhance user experience.

Each trade on PumpSwap has a 0.25% fee that is distributed, with 0.20% to liquidity providers and 0.05% to the protocol. But a future revenue-sharing arrangement will adjust this distribution by forwarding some of this revenue to creators.

Each trade on Pump has a 0.25% fee, which will be distributed as follows:

• 0.20% to liquidity providers

• 0.05% to the protocolOnce Creator Revenue Sharing is live, the fee distribution will change.

This will contribute to a high-stakes competition for auditing with over $2 million in prizes that will contribute to the site’s commitment to safety.

The development shows that Pump.fun is seeking to become a decentralized exchange that is capable of supporting multiple different assets besides memecoins.

This puts PumpSwap in a position to disrupt Solana’s trading landscape by reducing the barriers to migration and offering a competitive trading hub.