Pump.fun
Launchpad for memecoins on Solana
Basics
"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.” 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 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 with $12,000 worth of liquidity."
Revenue
"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 Alon.
