Pumpswap operates with a 0.25% transaction fee, allocating 0.20% to liquidity providers and 0.05% to the protocol. The DEX automatically migrates tokens that complete their bonding curves on Pump.fun, streamlining trading within its decentralized finance (DeFi) ecosystem. Future plans include a revenue-sharing model for creators, though specifics remain undisclosed.
“From day 1, our goal was to create the most frictionless environment for trading coins,” Pump.fun said. “Migrations were a major point of friction – they slow a coin’s momentum and introduce needless complexity for new users. Now, migrations happen instantly and for free,” the team’s X account added.
Pump.fun, founded in January 2024 by Noah Tweedale, Alon Cohen, and Dylan Kerler, has become a dominant Solana token launchpad, creating over 5.5 million meme coins by January 2025. The platform charges a 1% trade fee and a 1.5 SOL graduation fee for tokens reaching a $90,000 market cap, generating an estimated $602 million in transaction fees by March 2025.
The new DEX aims to reduce reliance on external exchanges like Raydium, historically used by Pump.fun tokens post-launch. Pumpswap could shift trading volume, impacting competitors and consolidating Solana’s position as a meme coin hub. Pump.fun already accounts for 70% of Solana token launches and 56% of its DEX volume.
However, Pump.fun could face regulatory challenges, including a January 2025 lawsuit in New York over unregistered securities allegations and a UK user ban in December 2024 following an FCA notice. Pump.fun coins further have a 98.6% failure rate according to metrics collected by Dune Analytics.
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