Key takeout
Pumpswap eliminates the need for token transfer to Raydium, which acts as a native Dex in Solana. The launch follows a 94% drop in Pump.Fun volume amid increasing competition with Raydium’s MemeCoin platform.
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Pump.Fun launched Pumpswap, a native decentralized exchange in Solana, eliminating the requirement that tokens move to Raydium for secondary transactions.
The move has declined 94% since early 2025, which is down 94% as they are looking for ways to maintain liquidity and fees within their ecosystems.
The new Dex works similarly to Uniswap V2 and Raydium V4, allowing users to create and add tokens for their Lixity Pools and Trade Lists.
Pumpswap will introduce a trading fee of 0.25%, allocate 0.20% to liquidity providers, allocate 0.05% to protocols, remove six Sol immigration fees, and set the stage for future creator revenue sharing.
With the launch, Pumpswap has integrated a variety of tokens beyond Meme Coins, allowing trading such as Aptos ($apt), Tron ($Tron), Coinbase’s CBBTC, Ethena’s $USDE, $PENGU and more.
The platform has undergone nine security audits and plans to open source the program.
“From day one, our goal was to build a product that could escape the cryptography bubble and attract the attention of millions of non-cryptic natives,” said Alon Cohen, co-founder of Pump.Fun, adding that the team will focus on reducing friction and adjusting incentives between creators and traders.
The launch addresses the growing competition from Raydium, which is developing its own Memecoin Launchpad, LaunchLab.
By implementing instant, zero-fee migration and introducing revenue sharing models for token creators, Pump.Fun aims to maintain liquidity within the ecosystem.
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