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A battle for the profitable meme coin market is heating up as Solana launchpad Pump.enjoyable takes on Raydium with the launch of its new decentralized alternate (DEX), PumpSwap.
The launch, introduced in a March 20 thread on X, comes exhausting on the heels of Raydium’s announcement that it’s launching a competing meme coin generator, LaunchLab.
Pump.enjoyable had beforehand used Raydium emigrate cash when their worth handed a sure threshold.
All Meme Cash That Full Their Bonding Curve On Pump.Enjoyable Will Migrate To PumpSwap
Meme cash created on the Pump.enjoyable launchpad that full their bonding curve will now migrate on to the native DEX, the announcement stated.
The brand new platform may even include on the spot migrations, zero migration charges and extra liquidity. The crew has teased upcoming creator income sharing as properly.
Just like well-liked DEXs comparable to Raydium V4 and Uniswap V2, PumpSwap will use a Fixed Product Automated Market Maker (AMM).
It will permit token creators to create their very own liquidity pool free of charge and add to present swimming pools whereas additionally with the ability to commerce all the tokens obtainable on PumpSwap.
why did we construct this?
from day 1, our purpose was to create probably the most frictionless surroundings for buying and selling cash
migrations had been a significant level of friction – they sluggish a coin’s momentum and introduce useless complexity for brand new customers
now, migrations occur immediately and free of charge
— pump.enjoyable (@pumpdotfun) March 20, 2025
Every commerce on the PumpSwap platform will include a 0.25% payment, which aligns with trade requirements. 0.20% will probably be distributed to liquidity suppliers, whereas 0.05% will go in the direction of the liquidity pool.
This payment distribution will change as soon as creator income sharing goes stay, the challenge added.
PENGU, APT And Different Tokens Can Already Be Traded On PumpSwap
Pump.enjoyable additionally introduced that a number of well-liked tokens can already be traded on the brand new PumpSwap platform.
Cryptos together with Pudgy Penguins (PENGU), Aptos (APT), Jupiter (JUP), Wormhole (W), Sei (SEI) and LayerZero (ZRO) are already supported on the DEX.
PumpSwap permits you commerce far more than memes
we’re proud to announce that you would be able to now commerce choose tokens from our verified companions, lots of whom have bridged to Solana for the very first time!
enormous thanks to@pudgypenguins $PENGU @aptos $APT@trondao $TRON$cbBTC by…
— pump.enjoyable (@pumpdotfun) March 20, 2025
In line with Pump.enjoyable’s posts, some tasks have even migrated to the Solana community for the primary time to commerce on PumpSwap.
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