The rise of memecoins on Solana has been one of crypto’s most active narratives throughout 2024 and early 2025. While this boom unlocked massive community engagement, it also exposed key pain points such as network congestion, failed transactions, and high fees during peak launches.
To solve this, Pump.fun launched PumpSwap on March 20, 2025, a custom decentralized exchange (DEX) built specifically for its memecoin ecosystem. By integrating token creation, liquidity, and post-launch trading into one seamless flow, PumpSwap brings much-needed speed and reliability to Solana’s fast-growing memecoin scene.
What Is PumpSwap?
PumpSwap is a decentralized exchange (DEX) on Solana, developed by Pump.fun and launched on March 20, 2025, to streamline meme coin trading. As Pump.fun’s native exchange, PumpSwap allows tokens to migrate directly after completing their bonding curve, eliminating the need for third-party platforms like Raydium and preserving project momentum.
The platform uses a constant product automated market maker (AMM) model. Similar to Uniswap V2 and Raydium V4, it enables instant token swaps based on liquidity pools rather than order books. This design allows for fast, low-friction trading as long as liquidity is available.
PumpSwap was created with a focused mission: to provide a frictionless environment for community-driven token trading. By combining token creation, liquidity, and trading into one platform, it reduces barriers for creators and simplifies the experience for meme coin traders.
Though initially designed for Pump.fun launches, PumpSwap has expanded to support select tokens from verified partners such as Pudgy Penguins ($PENGU), Aptos ($APT), Tron ($TRON), cbBTC, and $USDe, signaling its broader ambitions in the Solana DeFi ecosystem.
How Does PumpSwap Work?
PumpSwap operates as a constant product automated market maker (AMM), similar to Uniswap V2 and Raydium V4. Instead of relying on order books, it uses liquidity pools to enable fast, permissionless token swaps. When users exchange tokens, the pool balances automatically adjust—raising the price of the token being bought and lowering the one being sold.
Built on Solana, PumpSwap benefits from the network’s speed and low fees, making it an efficient DEX for meme coin traders and creators. Anyone can launch a liquidity pool at no cost and start trading immediately. A 0.25% fee is applied to each trade, with 0.20% going to liquidity providers and 0.05% to the protocol.
Key Features of PumpSwap
• Instant migrations: Previously, migrating to Raydium required 6 SOL and manual setup. Now it is automatic and free, allowing tokens to move directly to PumpSwap without delay.
• Zero migration fees: The removal of the 6 SOL migration fee lowers barriers for new token creators and makes launches more affordable and accessible.
• Creator revenue sharing: Founders earn 0.05% of all trading volume on their token. For example, $10 million in volume would yield $5,000 in SOL, making PumpSwap highly rewarding for creators.
• Sustainable liquidity: Bonded SOL from initial token sales remains within the ecosystem. This improves liquidity for newly launched tokens and reduces slippage.
• Open access to liquidity: Anyone can create or contribute to liquidity pools without permission or upfront cost. This makes participation easy for all users.
• Broader asset support: In addition to meme coins, PumpSwap lists partner tokens such as $PENGU, $APT, $TRON, cbBTC, and $USDe. This highlights its ambition to serve a wider DeFi audience.
How to Use PumpSwap: A Step-by-Step Guide
Using PumpSwap is straightforward for anyone familiar with Solana wallets.
Step 1 - Connect Wallet: Go to Pump.fun and connect a compatible Solana wallet.
Step 2 - Explore Memecoins: Browse or participate in upcoming launches.
Step 3 - Visit PumpSwap UI: Access PumpSwap through the "Swap" button or via swap.pump.fun.
PumpSwap vs. Raydium vs. Jupiter: Which Solana DEX Is Best for Memecoin Trading?
While Raydium and Jupiter remain dominant players in Solana’s broader DeFi landscape, PumpSwap carves out a focused niche by streamlining meme coin trading. As Pump.fun’s native DEX, PumpSwap eliminates the need for external listings and offers instant, zero-fee migration. These features are tailored to the fast-paced nature of meme markets. Unlike Raydium and Jupiter, PumpSwap introduces creator revenue-sharing and native support for bonding curve graduates, making it especially attractive for new token launches. Its lightweight interface, creator-aligned incentives, and Solana-native speed give PumpSwap a distinct edge in serving the meme coin ecosystem.
PumpSwap Trading Volume and Growth: How Fast Is It Scaling?
Since its launch on March 20, 2025, PumpSwap has quickly established itself as a high-velocity trading venue for Solana-based meme coins. Within less than two months, the platform surpassed $20.7 billion in total trading volume, according to data from DefiLlama. This explosive growth trajectory highlights PumpSwap's ability to retain liquidity, drive engagement, and facilitate rapid token turnover, which is an essential factor in the momentum-driven meme coin market.
As of May 15, 2025, PumpSwap recorded a 24-hour trading volume of over $380 million, positioning it among the most active decentralized exchanges on Solana. The steep and consistent incline in cumulative volume reflects sustained user demand, healthy liquidity provisioning, and a growing pipeline of creator-launched tokens migrating from Pump.fun.
These early results suggest that PumpSwap is not only meeting its goal of streamlining meme coin trading but also redefining the lifecycle of meme coins on Solana, from launch to liquidity, all within a single ecosystem.
What's Next for PumpSwap: Future Roadmap & Ecosystem Impact
While a detailed roadmap isn't shared by the team, several upcoming features and potential ecosystem impacts are mentioned:
Upcoming Features:
• Enhanced Creator Revenue Sharing: The platform has implemented its revenue-sharing model, with 50% of PumpSwap revenue now shared with coin creators.
• Cross-Chain Integration: Plans for bridges to Layer 2 solutions like Arbitrum, Optimism, and Base, allowing seamless trading between Solana and Ethereum-based assets.
• Advanced Trading Tools: Development of professional-grade tools including real-time charting with multiple timeframes, limit orders, stop losses, and trading bots.
Potential Ecosystem Impact:
• Increased Legitimacy and Reduced Scams: PumpSwap's verification system and launch requirements may help shift the ecosystem toward more legitimate projects.
• Enhanced Liquidity and Reduced Volatility: The concentrated liquidity model could provide deeper markets for trading popular meme coins, potentially reducing extreme price volatility.
• Mainstream Accessibility: A more intuitive interface and potential fiat on-ramp could make it easier for newcomers to participate in the Solana meme coin ecosystem.
• Competitive Pressure on Traditional Platforms: Established DEXs like Raydium may be forced to revise fee structures and upgrade features to maintain market share.
PumpSwap is undergoing nine audits from firms like Pashov Group, OSEC, BlockPain, and Sec3. Additionally, the platform has announced a security auditing competition with Cantina.xyz offering over $2 million in prizes for uncovering vulnerabilities in PumpSwap's infrastructure, demonstrating a strong commitment to security.
Final Thoughts
PumpSwap is more than just another Solana DEX. It is a purpose-built tool that supports the lifecycle of meme coins from creation to post-launch trading. By handling token listings, ensuring fair execution, and concentrating liquidity in one location, PumpSwap lowers barriers for creators and improves the experience for traders. As Pump.fun continues to dominate the meme coin launchpad space, PumpSwap is poised to serve as its liquidity engine for the long term.