Pump.fun Launches Its Own DEX on Solana

The “meme token factory” Pump.fun has announced the launch of its own decentralized exchange (DEX), PumpSwap, on Solana, moving away from Raydium.

Introducing PumpSwap, Pump’s new native DEX

beginning NOW all coins that complete their bonding curve will migrate directly to PumpSwap

PumpSwap enables
— instant migrations
— 0 migration fees (down from 6 SOL)
— more liquidity
— creator revenue sharing (coming soon)

& more ? pic.twitter.com/T9BkmmaVVS

— pump.fun (@pumpdotfun) March 20, 2025

This move comes amid intensified competition among platforms for trading “funny coins” within the Solana ecosystem.

Now, meme tokens leveraging liquidity through Pump.fun are automatically listed on PumpSwap. Previously, these tokens migrated to Raydium.

The “meme token factory” stated that the new DEX “operates similarly to Raydium V4 and Uniswap V2,” focusing on simplifying trading for users.

According to the company, the previous migration model “created inconveniences, slowed the momentum of new projects, and deterred newcomers.” Now, tokens migrate instantly and without fees.

The release of PumpSwap coincided with Raydium’s announcement of its own platform for launching meme coins called LaunchLab, aimed at competing with Pump.fun.

? BREAKING: Raydium to Launch its Own Version of pumpdotfun called “LaunchLab”. pic.twitter.com/53N9QSLpSS

— Cointelegraph (@Cointelegraph) March 18, 2025

The confrontation between these two players could significantly alter the DeFi landscape on Solana amid declining trading volumes of “funny coins” observed since January.

“We welcome competition because ultimately users win,” said one of Pump.fun’s co-founders, Alon, in an interview with Cointelegraph.

The “meme token factory” also plans to introduce monetization for creators of “funny assets”—a popular feature of the competing protocol GoFundMeme. In the future, the platform will begin sharing part of its revenue with the teams behind such projects.

If successful, “millions of dollars will go towards connecting creators with their communities and encouraging higher quality launches,” Pump.fun emphasized.

In March, the GMCI Meme index fell by 90% compared to its peak levels in December.