Free-to-play looter-shooter Warframe is coming to PS5 later this year. The game will be receiving new graphical improvements- going up to 4K resolution while maintaining the standard 60fps seen on PS4.
Loading times will be faster, and the adaptive triggers will be used to make weapons feel more impactful.
PS4 and PS5 players can play together, and future game updates for both consoles will arrive at the same time. There is cross-save between PS4 and PS5 so you can carry progress back and forth- but no plans for account migration from PC to PS5.
Warframe will also be coming to Xbox Series X|S, but details on that will be shared later.
Source: Warframe