Pump.fun: Here’s Why We Launched Our Own DEX, PumpSwap
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- Pump.fun has launched a native decentralized exchange (DEX), PumpSwap, on Solana.
- PumpSwap will eliminate token migration, discarding the associated 6 SOL fee.
- Pump.fun plans to create a more sustainable ecosystem alongside the new DEX.
Digital token launchpad Pump.fun has launched its own native decentralized exchange (DEX), PumpSwap, on the Solana blockchain by the name of PumpSwap. The move comes after the platform saw its revenue drop by nearly 60% in the last month.
According to reports, Pump.fun’s new DEX will eliminate the existing migration process in the previous system and discard the associated 6 SOL fee. Tokens launched on Pump.fun will now be immediately available for trading upon completion of their bonding curve, without the need for establishing a separate liquidity pool on Raydium.
What Problem Does PumpSwap Solve for Pump.fun Users?
Pump.fun announced the innovation in its latest post on X, highlighting the deliverables of the new product.
According to the announcement, the DEX will enable instant migrations, zero fees, increased liquidity, and a revenue-sharing feature.
The post Pump.fun: Here’s Why We Launched Our Own DEX, PumpSwap appeared first on Coin Edition.
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