Pump
by Noah Tweedale, Alon Cohen, and Dylan Kerler
Solana
Quick Fact
Founded in January 2024, Pump.fun has spawned over six million “fair-launch” tokens and generated hundreds of millions in trading fees—becoming one of the fastest-growing crypto apps ever.
What Pump.fun Brings to Solana
Anyone can create a token with a name, symbol, description, and image for a small fee—no presales or team allocations, ensuring everyone has identical access. Trading kicks off immediately via a bonding curve: prices rise with buys and fall with sells, all while collecting a 1% trading fee.
When a token’s market cap reaches a threshold (typically around $69,000), Pump.fun automatically uses part of its liquidity to list it on a DEX (like Raydium), burns excess supply, and rewards the creator—transitioning the token to a more traditional liquidity pool.
Mechanics & Community Features
Fair-launch simplicity: Free creation, bonding-curve pricing, and open access uphold transparency and decentralization.
King of the Hill board: Tokens that hit early-volume milestones get featured on the homepage, boosting visibility.
Live chat & streams: Community interaction and token pitches occur live—though controversial actions have led to moderation pauses.
Revenue model: 1% of trades + fixed listing fees power Pump.fun’s sustainable growth, fueling liquidity and rewards.
Ecosystem Impact
Token volume: Millions of meme tokens launched—most of which never graduate to DEX listings.
DEX pipeline: Graduated tokens move to liquidity pools on Solana DEXs, becoming tradable assets.
Borrowed concept: Spawned copycat platforms on other chains like Tron and Scroll, underscoring Pump.fun’s influence.