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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 onerous 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 will even include on the spot migrations, zero migration charges and extra liquidity. The staff has teased upcoming creator income sharing as nicely.
Just like standard 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 without cost and add to present swimming pools whereas additionally with the ability to commerce the entire tokens accessible on PumpSwap.
why did we construct this?
from day 1, our objective was to create probably the most frictionless setting for buying and selling cash
migrations have been a serious level of friction – they sluggish a coin’s momentum and introduce useless complexity for brand new customers
now, migrations occur immediately and without cost
— pump.enjoyable (@pumpdotfun) March 20, 2025
Every commerce on the PumpSwap platform will include a 0.25% charge, 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 charge distribution will change as soon as creator income sharing goes stay, the undertaking added.
PENGU, APT And Different Tokens Can Already Be Traded On PumpSwap
Pump.enjoyable additionally introduced that a number of standard 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 way more than memes
we’re proud to announce you could now commerce choose tokens from our verified companions, lots of whom have bridged to Solana for the very first time!
large thanks to@pudgypenguins $PENGU @aptos $APT@trondao $TRON$cbBTC by…
— pump.enjoyable (@pumpdotfun) March 20, 2025
In keeping 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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