Pump.fun Launches PumpSwap in an Effort to "Save" Revenue

Pump.fun has launched PumpSwap, a new decentralized exchange (DEX) on Solana, aiming to replace Raydium and optimize the memecoin trading process. PumpSwap eliminates the 6 SOL migration fee, enabling fast and free transactions. This move comes as pump.fun's revenue has dropped nearly 60% in the past 30 days. Additionally, pump.fun is testing its own AMM and negotiating with CEXs for an upcoming token launch. Meanwhile, Raydium plans to introduce LaunchLab to compete directly.