Meme coin Launchpad platform Pump.fun announced the launch of PumpSwap service, which will provide users with token swap functionality and directly compete with automated market makers that specifically provide on-chain token trading in the Solana ecosystem. According to the project launch document, the founder of Pump.fun believes that PumpSwap can become the core of all permissionless trading infrastructure for tokens on Solana. They have reached agreements with multiple token projects, which will establish liquidity directly on the PumpSwap framework.