TRON and Pump.fun Unite to Launch PumpSwap, Connecting SOL and TRX for Better Liquidity
- TRON DAO and Pump.fun have come together to launch PumpSwap, a decentralized exchange (DEX) that enhances liquidity, simplifies token trading, and supports all cross chain transactions between TRX and Solana.
- Pump.fun is also introducing a revenue-sharing model that would allow token creators to earn from fees while leveraging LayerZero and Wormhole.
TRON DAO has partnered with Pump.fun to create PumpSwap, a new decentralized exchange (DEX) with built-in pump features. The aim of this platform is to improve liquidity by using its token launchpad on Solana, this would make trading smoother and more efficient.
TRON DAO & Pump.fun Launch PumpSwap
TRON DAO, a blockchain focused community platform, has joined forces with Pump.fun to launch PumpSwap, designed to improve liquidity and cross-chain access. Unlike other DEXs, PumpSwap connects directly to Pump.fun, making trading tokens smoother by removing migration steps and allowing instant liquidity management.The platform also introduces a revenue sharing model for token creators, so as to simplify liquidity control.
Pump.fun is also set out to allow token creators earn a part of the fees from their tokens, this way, creators and holders benefit. This system would help promote a vital and more lasting ecosystem for memecoins and other tokens. The platform also aims to connect different blockchains systems using LayerZero and Wormhole, to allow cross-chain trading easier.
This collaboration supports TRONs goal of wanting to be at the forefront of expanding decentralized finance (DeFi) and strengthening its blockchain connections.
This announcement came after Justin Suns post on X on the 18th March, where he teased about an upcoming collaboration that suggested plans to introduce TRX on Solana, with the goal of strengthening TRONs reach in the network. Sun emphasized that the partnership between these two platforms would improve liquidity across different blockchains and make access easier.
TRON DAO is a more community focused organization that has interests in making the internet more decentralized through blockchain and dApps. The company Started in September 2017 by H.E. Justin Sun, the TRON network has grown rapidly since its MainNet launch in May 2018. The company previously held the largest amount of USDT in circulation, surpassing $60 billion.
The Benefit Of Pump.fun and TRON Partnership
This partnership would help Pump.fun grow beyond just meme coins, turning it into a center for wider crypto use. PumpSwap would give users a way to access different networks without relying on regular fiat methods, making it simpler to buy and trade tokens across different platforms.
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Text source: TronWeekly
