Pump.fun

Pump.fun is the dominant token launch platform on Solana that revolutionized how memecoins are created and traded. It popularized the bonding curve launch mechanism, allowing anyone to create a new token and start trading it within seconds, with no upfront liquidity requirements. The platform's core innovation is its bonding curve model: when a token is created, it starts at a very low market cap and trades along a predetermined price curve. As buyers purchase tokens, the price increases algorithmically. When the bonding curve reaches a specific threshold (approximately $69,000 market cap), the token "graduates" — liquidity is automatically migrated to Raydium as a standard AMM pool, enabling broader trading. Pump.fun has processed millions of token launches since its inception, generating substantial revenue through its 1% trading fee on bonding curve transactions. The platform requires no technical knowledge to launch a token — users simply provide a name, ticker, description, and image. This extreme simplicity has been both its greatest strength and biggest criticism, as it enables rapid experimentation but also facilitates low-effort scam tokens. The platform features real-time discovery tools showing the newest launches, trending tokens, and tokens approaching graduation. A built-in chat feature for each token page creates mini-communities around new launches. Pump.fun has become a cultural phenomenon in the Solana ecosystem, spawning countless viral tokens and establishing Solana as the dominant chain for memecoin activity.