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Pump.fun Launches Native DEX PumpSwap with Zero Migration Fees

  • Fun launches PumpSwap, a Solana-based DEX enabling token migrations with no fees
  • PumpSwap supports memecoins and partner tokens, expanding DeFi accessibility
  • Launch follows Raydium’s memecoin factory, intensifying competition across Solana DeFi

Pump.fun, a widely recognized memecoin launch platform on the Solana blockchain, has launched its own decentralized exchange (DEX), PumpSwap.

The new platform aims to transform the trading experience by offering instant, fee-free token migrations and improved liquidity, catering to both experienced traders and newcomers. Built on Solana’s high-speed infrastructure, PumpSwap removes common barriers when moving tokens from creation to active trading, reinforcing Pump.fun’s reputation as a leader in the memecoin ecosystem.

Integration of Pump.fun with PumpSwap

At the center of PumpSwap is a seamless integration with Pump.fun’s launchpad. The DEX supports all tokens that complete a bonding curve mint on the Pump.fun launchpad—a mechanism used to set initial prices and distribute tokens. Previously, migrating tokens from Pump.fun to a DEX could cost users as much as 6 SOL and take significant time. PumpSwap changes that by enabling instant, cost-free migrations, ensuring newly launched tokens retain momentum and reach traders without delay.

This streamlined flow aligns with Pump.fun’s mission to simplify decentralized finance (DeFi) for its growing community. PumpSwap operates on a continuous automated market maker (AMM) model—familiar to users of platforms like Raydium v4 and Uniswap v2. The AMM adjusts token prices dynamically based on supply and demand in liquidity pools, enabling efficient, decentralized trading. Users can create their own liquidity pools, join existing ones, or trade a variety of PumpSwap tokens. While migration is free, the platform charges a 0.25% trading fee: 0.20% goes to liquidity providers and 0.05% to the protocol. This structure incentivizes participation while building a foundation for long-term sustainability.

PumpSwap Supports Memecoins and Partner Tokens

PumpSwap’s appeal extends beyond memecoins. The DEX will support a wide range of partner tokens, including Pudgy Penguins (PENGU), Aptos (APT), Tron (TRON), Jupiter (JUP), Sei (SEI), LayerZero (ZRO), Coinbase wrapped cbBTC, Ethena Labs’ USDe stablecoin, and Frax Finance’s frxUSD and FXS. This broad compatibility positions PumpSwap as a diverse liquidity hub within DeFi, connecting multiple blockchains and enhancing cross-chain accessibility.

One collaborator, the Tron DAO, praised the launch as a significant step toward “cross-chain innovation,” highlighting the potential to broaden DeFi’s reach and utility. The timing of PumpSwap’s debut adds context: just one day earlier, on March 19, 2025, Raydium—a major Solana DEX—launched LaunchLab, its own memecoin creation platform similar to Pump.fun’s product. These back-to-back releases underscore growing competition in Solana’s DeFi landscape.

Despite the competitive environment, PumpSwap stands out with its fee-free token migrations and user-friendly design, which could give it an edge as memecoin interest continues to drive activity in crypto markets. Looking ahead, Pump.fun has announced plans for creator revenue sharing—a feature that would better align incentives between token creators and the platform. While specifics remain limited, this addition suggests an evolving ecosystem that rewards creators for their contributions and could attract more projects to PumpSwap.

Combined with its initial trading fee structure, these forward-looking elements indicate PumpSwap is intended not just as a temporary play but as a platform built for long-term growth in a rapidly changing DeFi market.