Pump.fun Launches PumpSwap DEX on Solana Amidst Revenue Decline

On March 20, Pump.fun launched PumpSwap, a decentralized exchange (DEX) on Solana, aiming to streamline memecoin trading. This move comes as Pump.fun faces a nearly 60% decrease in monthly revenue. PumpSwap will list tokens post-bonding curve completion, replacing the previous Raydium migration. The new DEX eliminates the 6 SOL migration fee, offering instant and free migrations. PumpSwap V1, similar to Raydium V4 and Uniswap V2, charges a 0.25% fee per trade, allocating 0.20% to liquidity providers and 0.05% to the protocol. A forthcoming Creator Revenue Sharing model will distribute protocol revenue to token creators. Security is a priority, with nine independent audits conducted. This launch occurs after a memecoin market cool-down, with monthly trading volumes dropping from $206 billion in January to $99.5 billion in February. Pump.fun's revenue fell over 50% in the 30 days following Jan. 15, but it remains the seventh-largest protocol on Solana in terms of revenue. Raydium is also planning to launch its own memecoin launchpad -- called LaunchLab -- to directly compete with Pump.fun. PumpSwap plans to adopt one of rival GoFundMeme's most popular features -- revenue sharing with memecoin creators.