Pump.fun, a platform for launching meme coins, has introduced PumpSwap, a new decentralized exchange (DEX) on Solana.
This platform allows coins that complete their bonding curve to migrate instantly and without fees, replacing the previous 6 SOL migration cost. The goal is to create a more seamless trading experience by reducing friction and complexity for users.
PumpSwap works in the same way as Raydium V4 and Uniswap V2, with a constant product automated market maker (AMM) model. Users can create their own liquidity pools for free, contribute liquidity to existing pools, and exchange tokens launched on PumpSwap.
The platform also seeks to support a more sustainable ecosystem by adding creator revenue sharing, which will distribute a percentage of protocol revenue to token creators.
Each trade on PumpSwap incurs a 0.25% fee, of which 0.20% goes to liquidity providers and 0.05% goes to the protocol. Once creator revenue sharing is implemented, this distribution may change.
PumpSwap now supports verified tokens from major projects, many bridging to Solana for the first time. Users can trade assets beyond memes, including $PENGU, $APT, $TRON, cbBTC, $USDe, $frxUSD, $FXS, $SEI, $JUP, $ZRO, $MNDE, $MPLX, $DRIFT, $PLUME, $RETARDIO, $SAVE, $SCR, $OX, and $W. More tokens will be added as PumpSwap expands its ecosystem.
PumpSwap has run audits by several companies, including Pashovgroup, Osec_io, Bl0ckpain, and Sec3dev. Pump.fun intends to open-source the PumpSwap software in the future to increase transparency and security.
Rewards will be given based on the severity of findings, with top reviewers receiving up to $5,000 each for minor vulnerabilities.
Also Read: Multiple memecoins pop up on Pump.Fun after Ripple’s SEC victory
