PumpFun Expands DeFi Footprint with PumpSwap Native DEX

Solana-based memecoin launchpad PumpFun has launched its own native decentralized exchange (DEX), dubbed PumpSwap. The DEX launch aims to enhance the user experience for memecoin traders and onboard a wider array of onchain assets.

PumpSwap will now host all coins that complete PumpFun bonding curves, enabling instant migrations, thicker liquidity, and eliminating migration fees, which used to cost roughly 6 SOL, or $750. The announcement also teased an upcoming revenue-sharing mechanism for creators.

The DEX will charge trading fees of 0.25%, compared to Uniswaps V2’s 0.3% and Raydium’s 0.25%. Currently, fees are distributed with 80% going to liquidity providers and 20% to the protocol, but that is set to change once revenue-sharing features are enabled.

“Our goal from day 1 was to build a product that could escape the crypto bubble and capture the attention of millions of non-crypto natives…PumpSwap enables us to introduce other assets to our diverse user base: L1s, DeFi, Stablecoins,” said PumpFun founder Alon Cohen on X.

The launch is accompanied by several partner integrations, including Ethena’s USDe, Coinbase’s cbBTC, and TRON.

The team revealed its intention to create the DEX in February, which sent Solana’s leading DEX, Raydium, tumbling by 25%. RAY is now down 61% since the announcement on Feb 23.

While PumpFun’s revenue has fallen significantly from its all-time highs, the protocol remains one of the top five largest revenue generators in DeFi, with $41 million earned over the last month, trailing just Tether, Circle, and Hyperliquid.