Pump.fun has launched its own decentralized exchange (DEX) called PumpSwap, potentially displacing Raydium as the primary trading venue for Solana (SOL) memecoins.
Starting on March 20, memecoins that successfully bootstrap liquidity, or “bond,” on Pump.fun will migrate directly to PumpSwap, Pump.fun said in an X post.
Previously, bonded Pump.fun tokens migrated to Raydium, which emerged as Solana’s most popular DEX largely thanks to memecoins trading activity.
According to Pump.fun, PumpSwap “functions similarly to Raydium V4 & Uniswap V2” and is designed “to create the most frictionless environment for trading coins.”
“[M]igrations were a major point of friction – they slow a coin’s momentum and introduce needless complexity for new users,” Pump.fun said.
“[N]ow, migrations happen instantly and for free.”
Raydium’s trading volumes surged in 2024, largely due to memecoins. Source: DeFiLlama
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