memecoin launchpad Pump.fun launches native DEX PumpSwap promising instant token migration, zero fees

Pump.fun, the memecoin launchpad on the Solana, has announced the launch of PumpSwap, a native decentralized exchange promising instant token migration

Solana-based memecoin launchpad Pump.fun has launched its own decentralized exchange called PumpSwap. The new DEX platform will support all launchpad coins that complete their bonding curve.

Announcing the launch of PumpSwap on Monday, Pump.fun noted that the protocol will now support instant migrations, previously an expensive and time-consuming process that will now be free and seamless.

“From Day 1, our goal was to create the most frictionless environment for trading coins. Migrations were a major point of friction - they slow a coin’s momentum and introduce needless complexity for new users,” Pump.fun said.

The new DEX platform will operate similarly to Raydium v4 and Uniswap v2, with its constant product automated market maker model.

The launch of the new DEX platform allows users to create liquidity pools and add to existing pools as well as trade all PumpSwap tokens.

Initially, PumpSwap plans to levy a fee of 0.25% per trade, with most of it, 0.20%, going to liquidity providers. The other 0.05% will go to the protocol. Fee distribution will change once creator revenue sharing goes live.

As well as memecoins, PumpSwap will offer access to several partner platform tokens, including Pudgy Penguins, Aptos and Tron, Jupiter, Sei and LayerZero. The DEX will also support Coinbase’s wrapped token cbBTC, Ethena Labs’s stablecoin USDe and Frax Finance’s frxUSD and FXS.

Tron DAO posted on X: “TRON's involvement in this initiative further strengthens its commitment to cross-chain innovation and the expansion of decentralized finance access. As PumpSwap grows, it aims to become a key liquidity hub, supporting on and off-ramps across multiple blockchains and driving broader adoption of Web3 technologies.”

PumpSwap's rollout comes just a day after Raydium (RAY) launched its own proprietary memecoin factory LaunchLab. The Pump.fun clone will offer the same token creation and launch features.