Pump.fun, the Solana-built launchpad, has announced the launch of its native DEX PumpSwap. As per Pump.fun, PumpSwap’s launch aims to facilitate seamless trading on Solana. The platform took to social media to reveal this launch.
Pump.fun Unveils PumpSwap to Streamline Solana-Based Trading
By launching PumpSwap, Pump.fun will now provide rapid coin migrations, improved liquidity provisions, and zero migration charges. This endeavor marks a noteworthy evolution in the trading infrastructure of the platform. With immediate effect, the entirety of the tokens fulfilling bonding curve will matchlessly shift to PumpSwap.
PumpSwap operates just like Uniswap V2 and Raydium V4, implementing a Constant Product Automated Market Maker (AMM) model. The latest DEX permits consumers to form their separate liquidity pools without any fees. In addition to this, they can also contribute to the already existing pools as well as trade PumpSwap tokens without any hindrance. Pump.fun makes the migration process smoother while maintaining momentum for emerging tokens.
Formerly, migrating tokens had a large fee of 6 $SOL. However, PumpSwap has now entirely removed this barrier. By guaranteeing rapid and fee-free migrations, the platform massively enhances trading efficiency and liquidity flow. Liquidity providers additionally get benefits as the fee structure of PumpSwap directs each trade’s 0.20% toward them. On the other hand, 0.05% will go to the protocol.
New DEX Backs Trading of $TRON, $APT, $PENGU, and More after Strict Audits
According to Pump.fun, PumpSwap also backs trading of a wide array of top tokens beyond memecoins. TRON ($TRON), Aptos ($APT), and Pudgy Penguins ($PENGU) are prominent among them. The decentralized exchange prioritizes security and has effectively gone through 9 audits conducted by the partners like Sec3Dev, Bl0ckPain, Osec.io, and Pashov Group. The launch of PumpSwap underscores the start of a new epoch for Solana-based token trading.
