Pump.fun introduces homegrown DEX, PumpSwap

Pump.fun, the platform for launching memecoins on Solana, has revealed the release of PumpSwap, a native decentralized exchange (DEX) that promises instant token migration, zero fees, and enhanced liquidity.

The Pump.fun team introduced PumpSwap on March 20, 2025, through a post on X, stating that the new DEX will now support all launchpad coins that have "completed their bonding curve."

Built on Solana (SOL), PumpSwap is a decentralized exchange protocol that functions similarly to Raydium v4 and Uniswap v2, using its constant product automated market maker model. The introduction of the new DEX platform enables users to create liquidity pools.

Users can also contribute to existing pools and trade all PumpSwap tokens.

"Why did we develop this? Our goal from the beginning was to establish the most seamless environment for trading coins. Migrations were a significant source of friction - they slowed a coin's momentum and introduced unnecessary complexity for new users," Pump.fun explained on X.

With the launch of PumpSwap, instant migrations are now available, which the protocol claims will be free of charge. The previous migration fee of six SOL has been removed, and the seamless functionality also reduces complexity for new users.

Initially, PumpSwap plans to impose a trading fee of 0.25%, with the majority of it, 0.20%, being distributed to liquidity providers. The remaining 0.05% will be allocated to the protocol. The fee distribution will change once creator revenue sharing is implemented.

In addition to memecoins, PumpSwap will provide access to several partner platform tokens, such as Pudgy Penguins, Aptos, 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 commented on X:

"TRON's participation in this initiative further emphasizes its dedication to cross-chain innovation and the expansion of decentralized finance access. As PumpSwap continues to grow, it aims to become a crucial liquidity hub, supporting on and off-ramps across various blockchains and promoting wider adoption of Web3 technologies."

PumpSwap's debut 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.