Pump.fun Unveils PumpSwap DEX on Solana
Date: 2025-03-21 Author: Gabriel Deangelo Categories: BUSINESS
Pump.fun, known as the "meme token factory," has announced the launch of its own DEX called PumpSwap on the Solana blockchain. The move comes as a response to increasing competition among platforms offering "funny coins" trading.
Now, all meme tokens that use liquidity through Pump.fun are automatically listed on PumpSwap, whereas previously they were transferred to Raydium. The company noted that the new exchange is built similarly to Raydium V4 and Uniswap V2, but offers more convenient conditions for traders.
Previously, the asset migration scheme slowed down the development of new projects and complicated interaction for users. Pump.fun said that with the advent of PumpSwap, this process has become instant and does not require fees.
The launch of the new exchange coincides with Raydium’s unveiling of LaunchLab, a platform designed to launch meme coins. The move signals a new round of competition between platforms that could impact Solana’s DeFi landscape, especially as trading activity in the sector has declined since the start of the year.
Pump.fun co-founder Alon told Cointelegraph that competition is good for the market, as users ultimately benefit.
Pump.fun also plans to add monetization for meme token creators, similar to the feature already used by GoFundMeme. In the future, the project will begin sharing a portion of revenue with development teams, which the company believes could lead to higher-quality launches and a stronger connection between creators and their communities.
Notably, the GMCI Meme index has fallen 90% since its December highs in March.
