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Pump.fun Unveils PumpSwap DEX, Challenges Raydium with Novel Token Migration Strategy

  • Pump.fun has launched PumpSwap, a new DEX on Solana aiming to streamline token migrations.
  • PumpSwap uses an AMM similar to Raydium V4/Uniswap V2, allowing free liquidity pool creation and charging a 0.25% fee per swap.
  • The platform experienced declining monthly revenues and launched PumpSwap as an effort to boost revenue.
  • PumpSwap introduces a novel token migration strategy, eliminating the 6 SOL fee for migrations from tokens completing their bonding curve.

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