Pump.fun launched its decentralized exchange, PumpSwap, on March 20, 2025, amid dwindling revenues.
The launch is aimed at reviving liquidity; mixed community reactions highlight concerns.
Revenue Plunge Prompts Pump.fun’s PumpSwap Launch
Pump.fun announced the launch of PumpSwap, a new decentralized exchange. This move comes as its weekly protocol fee revenue hits the lowest point since September 2024. According to DeFiLlama , “Pump.fun’s weekly protocol fee revenue has dropped to $3.8 million as of March 16, 2025, the lowest since September 2024.”
PumpSwap promises instant migrations and zero migration fees, aiming to increase liquidity. The platform indicates potential revenue sharing for creators, aligning with its broader strategic goals.
On-Chain Data Shows Revenue Falls to $3.8 Million
On-chain data highlights a drop to $3.8 million in protocol fee revenue. This announcement may stabilize liquidity issues affecting the market positively. The PumpSwap rollout has sparked concerns about centralization on the project’s Discord. However, TRON DAO voiced support, emphasizing their commitment to cross-chain innovation and broadening access to decentralized finance, as stated in an official statement: “TRON’s involvement in this initiative further strengthens its commitment to cross-chain innovation and the expansion of decentralized finance access. As PumpSwap grows, it aims to become a key liquidity hub, supporting on and off-ramps across multiple blockchains and driving broader adoption of Web3 technologies.” Source
PumpSwap Follows Raydium’s LaunchLab Trend
The PumpSwap introduction follows Raydium’s LaunchLab launch, reflecting a trend towards decentralized solutions. Both platforms aim to support cross-chain interoperability.
Experts suggest that successful execution hinges on community engagement and sustained liquidity. Historical data points to mixed success in similar past launches, making future developments uncertain.
