Pump.fun, Solana’s main springboard for memecoins, is making changes with its own decentralized exchange (DEX), PumpSwap. They guarantee instant token swaps, no commissions, and greater liquidity. Canary Capital Requests ETF, PENGU Value Increases
PumpSwap focuses on speed and convenience. Forget about those awkward transfer commissions from the past (we’re talking about 6 SOL!). Now it’s free and smooth, making it easy for beginners to join.
Users can now create liquidity pools and trade PumpSwap tokens.
Under the hood, PumpSwap runs on Solana, using a constant product automated market maker (AMM) model, similar to Raydium v4 and Uniswap v2.
PumpSwap is not only for memecoins. It opens its doors to tokens from partner platforms such as Pudgy Penguins, Aptos, Tron, Jupiter, Sei and LayerZero. You will also find wrapped tokens such as Coinbase’s cbBTC, Ethena Labs’ USDe and Frax Finance’s frxUSD and FXS.
Pump.fun announced the launch on X, stating that PumpSwap will support all launchpad tokens that have “completed their bonding curve”.
Initially, PumpSwap will charge a 0.25% commission per trade, with the majority (0.20%) going to liquidity providers and 0.05% to the protocol. This may change after the implementation of the creator revenue sharing.
On X, Tron DAO declared its involvement in the PumpSwap initiative, which seeks to reinforce its dedication to cross-chain advancement and broaden exposure to decentralized finance. PumpSwap aspires to evolve into a significant liquidity center, facilitating on-chain and off-chain pathways across numerous blockchains and fostering the broader acceptance of Web3 technologies.
The unveiling of PumpSwap occurs merely a day following Raydium’s (RAY) introduction of its own meme coin factory, LaunchLab. This Pump.fun replica will furnish identical token generation and launch functionalities. Bitcoin Digging Achieves a Significant Triumph in US Rule-making
