View source for Pump.fun

[[Launchpad]] for memecoins on [[Solana (SOL)|Solana]]

== Basics ==

* Started in January 2024.
* [https://decrypt.co/resources/what-is-pump-fun-the-solana-meme-coin-factory From] [[Decrypt (DCPT)|Decrypt]] (15-9-2024):

''"Pump.fun is a protocol that allows anyone to create a [[token]] in minutes for free. To date, it has launched over 1 million [[tokens]], and been responsible for up to 67.5% of daily token launches on [[Solana]]. One of Pump.fun’s most controversial features is its built-in live streaming function. The site requires you to enter a token name, [[ticker]], description, and attach a photo, then click “create [[COIN|coin]].” It really is that simple. Token creators can also choose to add a [[Twitter]], [[Telegram]], and website link, but this is entirely optional.''

''Players like [[DEX Screener]]’s Moonshot and a [[X]]-based Makenowmeme both tried and failed to topple Pump.fun from its throne, while controversial [[TRON (TRX)|Tron]] creator [[Justin Sun]] had more success with SunPump, which poached some market share from the protocol. As Makenowmeme appeared with lower [[fees]], Pump.fun followed with an update to remove its own fees. Previously, the site required creators to pay 0.02 SOL ($2.50 as of this writing), but in August 2024, the protocol removed this barrier making it completely free to launch tokens. In fact, now you’re rewarded with 0.5 SOL (~$80) if you create a token that completes its “bonding [[curve]].” What is a [[bonding curve]]? Once a token is created, its bonding curve will slowly fill as the market cap rises. Once the coin hits a market cap of $69,000, it will graduate to be traded on [[decentralized]] exchange [[Raydium (RAY)|Raydium]] with $12,000 worth of [[liquidity]]."''

== Revenue ==

* [https://decrypt.co/resources/what-is-pump-fun-the-solana-meme-coin-factory From] [[Decrypt (DCPT)|Decrypt]] (15-9-2024):

''"In September 2024, Pump.fun became the fastest growing crypto app in history by some metrics, surging to $100 million in revenue in record time."''

== Team ==
Created by pseudonymous founder [https://x.com/a1lon9 Alon].
[[Category:Companies/Organisations]]