Pump.fun Launches Solana-based DEX 'PumpSwap'... Immediate Migration and Liquidity Enhancement

# Solana-Based Decentralized Exchange PumpSwap Officially Launches Pump.fun announced on the 21st via X (formerly Twitter) the official launch of PumpSwap, a decentralized exchange (DEX) based on Solana ($SOL). The announcement outlined key features and plans for ecosystem expansion. # Adopting a Proven AMM Model PumpSwap adopts an automated market maker (AMM) model similar to Raydium ($RAY) V4 and Uniswap ($UNI) V2. Key features include immediate migration, the abolition of the previous 6 SOL migration fee, liquidity expansion, and future revenue-sharing functionalities for creators. # Enhanced User Experience and Migration Efficiency "From the outset, our goal was to create a frictionless environment for coin trading," said Pump.fun. "Previously, the migration process was complex and slowed down transactions, but PumpSwap has improved the system to allow immediate migration." # Strengthening Support for Coin Creators PumpSwap is also preparing a revenue-sharing program aimed at increasing ecosystem sustainability. A portion of protocol revenues will be distributed to coin creators, aligning incentives within the community and encouraging the launch of high-quality projects. Currently, transaction fees on PumpSwap are set at 0.25%, with 0.20% allocated to liquidity providers and 0.05% to the protocol. This fee structure will be adjusted once revenue sharing for creators begins. # Collaborations with Major Projects to Expand Solana Ecosystem Beyond meme coin trading, PumpSwap supports major tokens from verified partners. The current lineup includes Pudgy Penguins ($PENGU), Aptos ($APT), Tron ($TRON), Coinbase’s cbBTC, Athena Labs’ stablecoin USDe, Frax Finance ($frxUSD, $FXS), Sei ($SEI), Jupiter ($JUP), LayerZero ($ZRO), Marinade Finance ($MNDE), Metaplex ($MPLX), Drift ($DRIFT), Plume ($PLUME), Save Finance ($SAVE), Scroll ($SCR), 0xFun ($OX), and Wormhole ($W). Pump.fun stated, "Various projects bridging to Solana for the first time will contribute to ecosystem expansion," adding that more asset supports will be unveiled soon. # Security Enhancements and Open-Source Plans On the security front, PumpSwap has gained high credibility. Security audits have been completed by nine partner institutions, including Pashov Group, Osec.io, Bl0ckpain, and Sec3. Additionally, the PumpSwap program intends to be open-sourced in the future. Further security measures include an audit competition with Cantina XYZ. This program offers rewards totaling $2 million (approximately 2.6 billion KRW), with more details available on the official Pump.fun channels. The official PumpSwap website can be accessed at swap.pump.fun.