A New Era in Solana’s Memecoin Ecosystem
Instant Migrations, Zero Fees, and Creator Incentives Define PumpSwap’s Debut
Pump.fun, a leading memecoin launchpad on the Solana blockchain, has officially launched its own decentralized exchange (DEX), PumpSwap. This marks a pivotal moment for the project, as it moves away from its previous reliance on Raydium and enters the increasingly competitive Solana DEX landscape with a more streamlined, creator-friendly ecosystem.
PumpSwap went live in March 2025 and now serves as the default destination for all Pump-launched tokens that complete their bonding curves, enabling instant and fee-free migrations.
Key Features of PumpSwap
Built on Solana and utilizing a Constant Product AMM model (similar to Raydium V4 and Uniswap V2), PumpSwap introduces several core features:
- Instant token migrations for all bonded coins
- Zero migration fees, down from the previous 6 SOL
- Free creation of liquidity pools and liquidity additions
- Trading support for verified partner tokens (e.g. Pudgy Penguins, Aptos, LayerZero)
- 0.25% trade fee, with 0.20% going to LPs and 0.05% to the protocol
- Creator revenue sharing (coming soon)
Pump.fun has consistently emphasized the need to reduce user friction, stating, “Migrations were slowing down momentum and creating unnecessary complexity for new users. PumpSwap eliminates this with instant, free transitions.”
From Partner to Competitor: The End of the Raydium Era
Until now, Pump.fun relied heavily on Raydium for liquidity provisioning. At its peak, Pump.fun-related memecoins were responsible for over 41% of Raydium’s swap fee revenue. However, the migration process was increasingly seen as a bottleneck.
The release of PumpSwap marks a clear shift in strategy, eliminating the dependence on Raydium and streamlining the process under Pump.fun’s own infrastructure.
Pump.fun’s co-founder, Alon, commented on the shift: “We welcome competition. At the end of the day, users benefit.”
Raydium has since announced its own memecoin launchpad, LaunchLab, signaling the start of a more competitive phase between the two former partners.
Beyond Memes: PumpSwap Expands Token Support
While memecoins remain central to Pump.fun’s identity, PumpSwap is aiming for a broader scope. It now supports trading for a range of verified non-meme tokens, including:
- Wrapped BTC (cbBTC)
- USDe by Ethena Labs
- frxUSD and FXS by Frax Finance
This shift expands PumpSwap’s appeal beyond meme culture and into more traditional DeFi applications, making it a versatile platform for both traders and developers.
Sustainable Growth Through Creator Incentives
Pump.fun plans to soon launch a Creator Revenue Sharing model, where a portion of protocol revenue will be distributed to token creators. This aims to align creators with their communities and encourage higher-quality launches.
“If successful, millions of dollars will flow back into creator ecosystems,” Pump.fun stated.
Additionally, Pump.fun plans to open-source the PumpSwap program, fostering greater transparency and community development.
The Road Ahead: Can PumpSwap Lead Solana’s DEX Frontier?
PumpSwap enters a rapidly evolving Solana DeFi ecosystem where new challengers such as GoFundMeme, Daos.fun, and Pumpkin are actively vying for market share.
The platform’s frictionless design, creator-first incentives, and growing token support set it apart—but long-term success will depend on adoption, innovation, and maintaining trust in a volatile market.
Summary
PumpSwap is not just a DEX. It’s the next evolutionary step for the Pump.fun ecosystem.
- Instant and free token migrations
- Creator-aligned incentives
- Support for a growing list of Solana-native and bridged tokens
As PumpSwap establishes itself, it could set a new standard for user-friendly, creator-focused decentralized trading on Solana. All eyes are now on how it competes with existing giants and emerging rivals in the months ahead.
