Pump.fun has expanded its custom trading pair feature, allowing newly issued tokens to be paired with other tokens on the platform. The update covers tokens still trading on the bonding curve as well as tokens that have already migrated to PumpSwap. Under the new setup, when users buy one of these newly issued tokens, the trade is routed through the paired token’s liquidity pool before being swapped into the target token. According to the announcement, this structure can create additional trading demand and liquidity for existing tokens on the platform. Pump.fun also said multi-hop swaps will not stack fees across each step of the route. In addition, users who hold the new tokens can receive holder rewards paid in the paired token. The item was carried by Techub News and attributed to Wu Blockchain.
Pump.fun has expanded its custom trading pair feature, according to Techub News.
Newly issued tokens can now be paired with other tokens on the platform, including tokens still in the bonding curve trading stage and tokens that have already migrated to PumpSwap.
How the trade flow works
When users buy these newly issued tokens, the transaction is executed through the paired token’s liquidity pool first and then swapped into the target token. Pump.fun said this can bring additional trading demand and liquidity to existing tokens.
The platform also said multi-hop swaps will not charge stacked fees at each step. Holders of the new tokens can also receive holder rewards distributed in the paired token.
The update was cited by Wu Blockchain.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
