The memecoin launchpad on Solana, Pump.fun, has revealed the introduction of PumpSwap, a decentralized exchange that promises immediate token migration, no fees, and improved liquidity.
The team at Pump.fun announced the new DEX platform on March 20, 2025, emphasizing in a post on X that PumpSwap will support all launchpad coins that have “completed their bonding curve.”
Operating on the Solana blockchain, PumpSwap is a decentralized exchange protocol akin to Raydium v4 and Uniswap v2, utilizing a constant product automated market maker model. This latest DEX platform enables users to establish liquidity pools.
Users can also contribute to existing pools and trade all tokens available on PumpSwap.
“Why did we develop this? Since day one, our objective has been to create the smoothest environment for trading coins. Migrations presented a significant obstacle—they can stall a coin’s momentum and add unnecessary complications for newcomers,” shared Pump.fun on X.
The introduction of PumpSwap brings instant migrations, which the protocol asserts will incur no fees, eliminating the previous charge of six SOL for migration. This seamless feature also simplifies the process for new users.
At its outset, PumpSwap intends to implement a trade fee of 0.25%, with the majority, 0.20%, allocated to liquidity providers, while the remaining 0.05% will go towards the protocol. This fee distribution will be adjusted once revenue sharing for creators is initiated.
In addition to memecoins, PumpSwap will feature various tokens from partner platforms such as Pudgy Penguins, Aptos, Tron, Jupiter, Sei, and LayerZero. The DEX will also accommodate Coinbase’s wrapped cbBTC token, Ethena Labs’s stablecoin USDe, and Frax Finance’s frxUSD and FXS tokens.
Tron DAO stated on X:
“TRON’s participation in this initiative further underscores its dedication to advancing cross-chain innovation and enhancing access to decentralized finance. As PumpSwap develops, it aspires to emerge as a vital liquidity hub, facilitating on and off-ramps across various blockchains and promoting greater adoption of Web3 technologies.”
The launch of PumpSwap coincides closely with Raydium (RAY) unveiling its own proprietary memecoin factory, LaunchLab, which will provide similar token creation and launch capabilities.