According to Golden Finance, Meme coins Launchpad platform Pump.fun announced the launch of the PumpSwap service, which will provide users with token Swap functions and conduct direct competition with automated market makers in the Solana ecosystem that specializes in providing on-chain token trading. According to the project launch document, the founders of Pump.fun believe that PumpSwap can be the core of all token license-free trading infrastructure on Solana. They have reached agreements with multiple token projects that will establish liquidity directly on PumpSwap's framework.