After the curve, the real market.
PumpSwap is pump.fun's decentralized exchange. When a coin completes its bonding curve, its liquidity moves into a pool there, and it then trades like any Solana token. That's where the coins that « made it » through launch live.
Updated October 5, 2026
What changes at migration
| On the pump.fun curve | On PumpSwap | |
|---|---|---|
| Counterparty | The curve contract | A liquidity pool (SOL + tokens) |
| Price | Set by the curve formula | Set by the pool's balance |
| Liquidity | The SOL collected in the curve | Liquidity migrated from the curve |
| Who trades | Mostly bots and early buyers | A wider crowd, terminals and aggregators |
Why PumpSwap replaced Raydium
Before PumpSwap launched (March 2025), pump.fun coins migrated to Raydium. Now pump.fun keeps its coins at home, on its own exchange. For you, it mostly changes where your tool reads the price and sends your orders.
Trading a coin on PumpSwap
- Volume often peaks around migration, then drops fast for most coins.
- Moves stay brutal: a memecoin pool can lose a lot of value within a few blocks if big holders sell.
- Your exits must follow the coin: a stop loss set on the curve must keep applying after migration.
What Scope does after a migration
Scope trades pump.fun coins on the curve and on PumpSwap. When a coin you hold migrates, Scope reads its price from the pool and keeps applying your take profits, stop loss and scheduled sells. You can also copy a wallet buying a coin that has already migrated.
FAQ
Is PumpSwap part of pump.fun?
Yes: it's pump.fun's exchange, where coins that completed their bonding curve migrate.
Can you still get rugged after migration?
Yes: pool liquidity doesn't vanish at once, but if big holders sell, the price collapses. Keep your exits on. See how to avoid rug pulls.
Are fees the same as on the curve?
Not necessarily: PumpSwap has its own fee schedule. Check the current rate on pump.fun.
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