Pump.fun Unveils PumpSwap DEX on Solana, Boosting Instant Token Migrations

Pump.fun, the memecoin launchpad built on Solana, has announced the launch of its native decentralized exchange, PumpSwap, on March 20, 2025. The new DEX promises instant and free token migrations—as opposed to the previous fee—and offers zero fees for this process. Built on an automated market maker model similar to Raydium v4 and Uniswap v2, PumpSwap will allow users to create liquidity pools, add liquidity to existing pools, and trade tokens from the platform. Besides supporting its own launchpad coins that have completed their bonding curves, the platform will also provide access to several partner platform tokens, including those associated with Pudgy Penguins, Aptos, Tron, Jupiter, Sei, and LayerZero. Notably, TRON’s involvement, as highlighted in a post on X, underscores a commitment to cross-chain innovation and the broader expansion of decentralized finance. This move comes soon after Raydium (RAY) debuted its own memecoin factory, LaunchLab, sparking divided industry reactions. The push towards a frictionless, cost-effective trading environment hints at enhanced liquidity and easier onboarding for new users, with potential positive implications for the ecosystem at large.