Officially bidding farewell to Raydium! Pump.fun launches PumpSwap to reclaim the dominance in meme coin trading.

As the competition among Solana meme coin launch and trading platforms heats up, Pump.fun has announced the launch of the decentralized exchange (DEX) "PumpSwap", officially parting ways with its partner Raydium. With 0 migration fees, low trading fees, and a future creator profit-sharing mechanism, it hopes to attract a large number of traders.

PumpSwap is officially launched, becoming the new home of Pump.fun meme coins

Pump.fun announced the launch of its own DEX "PumpSwap", symbolizing that in the future, meme coins will no longer be launched on Raydium, but will be directly traded on PumpSwap.

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

According to reports, starting from March 20, all meme coins that successfully launched liquidity on Pump.fun, which means completing the joint curve (Bonding curve), will be directly migrated to PumpSwap, eliminating the need to go through Raydium and saving the cumbersome procedures and costs of intermediate migration.

This news was first released last month, and the community discovered that Pump.Fun is internally testing a new website or feature called "amm.pump.fun", which is seen as a divergence from Raydium and will significantly impact Raydium's trading fee revenue.

(Pump.Fun launched its own AMM, and the Raydium token fell nearly 30% on the news)

Co-founder Alon: Hope to break free from the crypto bubble.

According to official statements, PumpSwap operates similarly to Raydium V4 and Uniswap V2, with a fee of 0.25% charged on each transaction, of which 0.2% is distributed to liquidity providers and 0.05% is protocol revenue. At the same time, the 6 SOL fee required for the migration of Pump.fun tokens to Raydium will also be removed, which is expected to lower the participation threshold.

The team emphasizes that PumpSwap aims to create "the most frictionless trading environment":

The past launch process has become a major obstacle, slowing down coin price momentum and confusing new users. Now the migration is not only instant but also free.

Alon, co-founder of Pump.fun, stated: "Our goal has always been to create a product that can break free from the crypto bubble and attract mainstream users."

PumpSwap is an important step towards this goal, providing a more user-friendly, rewarding, and sustainable mechanism.

Pump.fun and Raydium have shifted from collaboration to competition.

The launch timing of PumpSwap is noteworthy, as Raydium recently announced its upcoming meme coin issuance platform "LaunchLab", highlighting the competitive relationship between the two.

(Solana AMM Raydium prepares to fork Pump.Fun, promoting its own meme coin issuance platform: LaunchLab)

This struggle may change the DeFi ecosystem of Solana, especially after the explosion in January, as the trading volume of meme coins has significantly decreased, which will undoubtedly intensify competition.

Alon stated: "We welcome competition, as it is ultimately the users who benefit."

In addition to Raydium, other emerging platforms such as Daos.fun, GoFundMeme, and Pumpkin are also vying for the meme coin market on Solana. In this regard, PumpSwap is expected to adopt one of GoFundMeme's features: "sharing protocol revenue with creators."

If this mechanism is successful, millions of dollars will flow to the creator community, incentivizing the emergence of more high-quality coins.

The meme coin craze has cooled down, and platform revenues have shrunk.

According to previous reports, the weekly revenue of the Solana blockchain plummeted by 93% from a peak of $55.3 million in mid-January to only $4 million last week, returning to the level of September last year. At the same time, the weekly revenue of the decentralized application (DApp) also fell sharply from $238 million to $32 million, a decline of 86%.

( The chain reaction after the meme coin bubble burst: trading robot revenues plummet, GMGN on the brink of collapse? )

Among them, Pump.fun's daily revenue has drastically shrunk from 15 million USD to 800,000 USD, and the number of successfully issued meme coins has declined by more than 90% since the peak in January. This is related to multiple controversies surrounding meme coins, which have severely undermined retail investor confidence.

Despite the challenges of declining trading volume and waning enthusiasm, Pump.fun has clearly made up its mind to revitalize the morale of the Solana ecosystem and its products through product innovation and adjustments to its business model.

This article officially bids farewell to Raydium! Pump.fun launches PumpSwap to regain dominance in meme coin trading, first appeared on Chain News ABMedia.