Pump.Fun Battles Raydium With PumpSwap DEX

A battle for the lucrative meme coin market is heating up as Solana launchpad Pump.fun takes on Raydium with the launch of its new decentralized exchange (DEX), PumpSwap.

The launch, announced in a March 20 thread on X, comes hard on the heels of Raydium’s announcement that it is launching a competing meme coin generator, LaunchLab.

Pump.fun had previously used Raydium to migrate coins when their value passed a certain threshold.

All Meme Coins That Complete Their Bonding Curve On Pump.Fun Will Migrate To PumpSwap

Meme coins created on the Pump.fun launchpad that complete their bonding curve will now migrate directly to the native DEX, the announcement said.

The new platform will also come with instant migrations, zero migration fees and more liquidity. The team has teased upcoming creator revenue sharing as well.

Similar to popular DEXs such as Raydium V4 and Uniswap V2, PumpSwap will use a Constant Product Automated Market Maker (AMM).

This will allow token creators to create their own liquidity pool for free and add to existing pools while also being able to trade all of the tokens available on PumpSwap.

why did we build this?

from day 1, our goal was to create the most frictionless environment for trading coins

migrations were a major point of friction – they slow a coin’s momentum and introduce needless complexity for new users

now, migrations happen instantly and for free

— pump.fun (@pumpdotfun) March 20, 2025

Each trade on the PumpSwap platform will come with a 0.25% fee, which aligns with industry standards. 0.20% will be distributed to liquidity providers, while 0.05% will go towards the liquidity pool.

This fee distribution will change once creator revenue sharing goes live, the project added.

PENGU, APT And Other Tokens Can Already Be Traded On PumpSwap

Pump.fun also announced that several popular tokens can already be traded on the new PumpSwap platform.

Cryptos including Pudgy Penguins (PENGU), Aptos (APT), Jupiter (JUP), Wormhole (W), Sei (SEI) and LayerZero (ZRO) are already supported on the DEX.

PumpSwap allows you trade much more than memes

we’re proud to announce that you can now trade select tokens from our verified partners, many of whom have bridged to Solana for the very first time!

huge thank you to@pudgypenguins $PENGU @aptos $APT@trondao $TRON$cbBTC by…

— pump.fun (@pumpdotfun) March 20, 2025

According to Pump.fun’s posts, some projects have even migrated to the Solana network for the first time to trade on PumpSwap.

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