Get real time alerts on every trade @blknoiz06 takes, only on the Pumpfun app
pump.fun
Solana memecoin launchpad and DEX with automated bonding curves and PumpSwap pools
3.0/ 5
Our score
Fair
Chains
SolanaOther
Swap fee
0.30% to 1.25%
Type
AMMPerpetuals
Perpetual futures
Yes
Governance token
PUMP
What is pump.fun?
Pump.fun is a decentralized memecoin launchpad and trading protocol operating primarily on Solana, alongside Blast deployments. Tokens launch without upfront seed liquidity and trade along a predetermined bonding curve until hitting the target threshold to graduate into automated liquidity pools.
Team and funding
Pump.fun was founded in January 2024 by Noah Tweedale, Alon Cohen, and Dylan Kerler, based in the United Kingdom. In July 2025, the project completed a $1.3 billion token sale across public and private rounds to support ecosystem development. The platform launched an internal investment branch, Pump Fund, in January 2026 to back early-stage startups.
Trading mechanics and features
The platform operates non-custodially via on-chain smart contracts. Creators deploy tokens with no platform fee, paying only the base network account creation and transaction costs in SOL. While on the initial bonding curve, trades incur a 1.25% fee, split into a 0.95% protocol fee and a 0.30% creator fee. Once a token finishes its curve, it migrates automatically to a canonical PumpSwap pool for a 0.015 SOL migration fee. In October 2026, the exchange expanded beyond spot bonding curves by adding perpetual futures powered by Hyperliquid, supporting leverage up to 40x on BTC and 25x on ETH.
Fee structure
PumpSwap canonical pools use dynamic fees tiered by market capitalization. For SOL-denominated tokens with market caps under 420 SOL, trades incur a 1.25% total fee (0.93% protocol fee, 0.30% creator fee, and 0.02% LP fee). This rate scales down to 0.30% total fee for market caps exceeding 98,240 SOL, where the creator fee falls to 0.05%, the protocol fee settles at 0.05%, and the LP fee is fixed at 0.20%. Perpetual futures incur an additional builder fee of up to 0.10% per order.
Track record and risks
By January 2025, creators had launched over 6 million tokens on the platform. DEX trading volume topped $2 billion in the first quarter of 2026, generating $14.26 million in weekly on-chain protocol revenue by October 2026. The platform has faced significant regulatory and operational friction: users from the United Kingdom were banned in December 2024 following an FCA warning, an unregistered securities lawsuit was filed in the Southern District of New York in January 2025, and a leak of over 5,000 internal team messages in December 2025 triggered controversy over MEV practices. Traders face steep slippage risks, rapid price swings on thin long-tail pools, and geoblocking restrictions.
Founders
Noah TweedaleCo-founder
English entrepreneur who co-founded Pump.fun in 2024.
Alon CohenCo-founder
Cryptocurrency entrepreneur who co-founded Pump.fun in 2024.
Dylan KerlerCo-founder
English entrepreneur who co-founded Pump.fun in 2024.
Best for:Solana memecoin creators and tradersDeFi traders seeking immediate liquidityHyperliquid perpetual contract users
Pros and cons
Pros
- No platform fee to deploy new tokens
- Instant on-chain liquidity via bonding curve without manual pool seeding
- High market cap trading fees scale down to 0.30% on PumpSwap
- Integrated perpetual futures with leverage up to 40x
Cons
- Users from the United Kingdom are geoblocked due to FCA regulatory action
- High 1.25% trading fees on bonding curves and low-cap pools
- Exposed to ongoing securities litigation in the United States
- High slippage and MEV exposure on ungraduated bonding curves
Our review
3.0/5
Fair
pump.fun provides instant, zero-cost token creation and deep meme liquidity on Solana, but traders face aggressive bonding curve fees alongside heavy slippage.
Launched in January 2024 by Noah Tweedale, Alon Cohen, and Dylan Kerler, pump.fun is an automated token launchpad and decentralized exchange running primarily on Solana. The platform replaces traditional presales and seeded liquidity pools with a bonding curve mechanism. Anyone can deploy a token without upfront platform creation fees, paying only the native Solana network costs. Once a token attracts enough buy pressure to reach full curve capitalization, it graduates to native PumpSwap canonical pools for a 0.015 SOL migration fee.
Trading on the bonding curve incurs a flat 1.25% fee, split into a 0.95% protocol fee and a 0.30% creator fee. Once a pair graduates to PumpSwap, fees follow a sliding tier based on market capitalization, scaling down to 0.30% for tokens valued above 98,240 SOL. The platform generated $14.26 million in weekly protocol revenue in October 2026 and cleared over $2 billion in volume in the first quarter of 2026. Beyond spot meme pairs, the exchange features perpetual futures contracts for Bitcoin and Ethereum powered by Hyperliquid, charging up to a 0.10% builder fee.
The platform presents distinct trade-offs:
- Instant, permissionless launches without initial pool seed requirements.
- Deep speculative liquidity for micro-cap meme assets and pre-IPO synthetic pairs.
- High initial trading fees of 1.25% alongside severe price impact on early curves.
- Regulatory and legal challenges, including a geoblock on United Kingdom users, a securities lawsuit in New York, and past platform MEV leaks.
pump.fun suits speculative on-chain traders chasing early-stage meme launches and creators who want fair-launch distribution. Users seeking low swap fees on established blue-chip tokens or traditional order-book features should choose standard decentralized exchanges like Raydium instead.
Specs
| KYC required ⓘ | No · unverified |
|---|---|
| Type | AMM, Perpetuals · unverified |
| Chains | Solana, Other · unverified |
| Swap fee | 0.30% to 1.25% · unverified |
| Cross-chain swaps | No · unverified |
| Governance token | PUMP · unverified |
| Perpetual futures | Yes · unverified |
| Max leverage (x) | 40 · unverified |
| Routes across other DEXs | No · unverified |
| MEV protection | No · unverified |
| Mobile app | Yes · unverified |
| Points or rewards program | Yes · unverified |
Not disclosed by the provider: Limit orders, Audited, Open source.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Bonding curve launches
Deploys tokens instantly on Solana without initial seed liquidity, charging a flat 1.25% trade fee during the curve phase.
PumpSwap canonical pools
Migrates graduated tokens automatically into AMM pools for 0.015 SOL with fees tiered from 1.25% down to 0.30% by market cap.
Creator fee distribution
Routes up to 0.95% of trading volume directly to token creators or designated charity pools on every trade.
Perpetual futures trading
Provides leveraged perpetual contracts powered by Hyperliquid, supporting up to 40x leverage on BTC and 25x on ETH.
Custom pair launches
Supports token creation paired with SOL, USDC, and PreStocks assets like OpenAI and Anthropic.
Inside pump.fun
Meme Coin Launchpad and Bonding Curve
Enables instant coin creation with no platform fee, allowing users to buy and sell immediately along a mathematical bonding curve without seeding liquidity.
PumpSwap
The native decentralized exchange where graduated tokens automatically migrate into canonical liquidity pools with tiered market-cap trading fees.
Perpetual Futures
An integrated trading terminal powered by Hyperliquid offering leveraged contracts on Bitcoin and Ethereum with leverage up to 40x.
PreStocks
A trading feature that lets users trade synthetic pre-IPO company pairs and launch tokens paired against private assets.
pump.fun screenshots
What users say about pump.fun
Pump.fun offers integrated research tools and straightforward token launching, along with a mobile interface for tracking markets. However, the platform faces widespread criticism regarding frequent rug pulls, heavy losses, and mobile app technical issues.
Top goods
In their own words
“Best mobile setup for trading memes I’ve tried a few different setups but Pumpfun has been the one I keep coming back to on mobile. I usually check memes during lunch or when I’m out so I don’t want to open three different apps just to figure out what’s moving.”
“First thing I'd say is don't expect to make money without taking risks, especially with memes. Pump.fun has tools like Movers, holder data and trader callouts that can help you research coins, but none of that guarantees profits.”
“Officially quit using that app after yesterday. Got rugged trading a vamp coin(about 14k MC) while the real meme ran to 100k+. I’ve lost about 600 this week. Good luck to you man”
“App crashed when I went to sell up 2x and when it recovered I was down 99% lol. Has this happened to anyone else recently? This was the first time it happened to me and pretty frustrating.”
“before you join one, know the odds. coingecko checked every pump.fun trader through april 2026: for a year and a half, most lost money every single month, and out of \~13m wallets, fewer than 1 in 200 ever made $10k.”
Based on 200 Reddit posts and comments from the last 12 months, checked Oct 21, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used pump.fun? Share your experience below.
Funding and investors
$1.3BTotal raised
1Round
1Investor
-
ICO Jul 2025 $600MPS Public saleSource
FAQ
Who founded pump.fun?
Noah Tweedale, Alon Cohen, and Dylan Kerler founded pump.fun, launching the platform on January 19, 2024.
What fees does pump.fun charge?
Creating a coin has no platform fee. Trades on the bonding curve incur a 1.25% fee, while graduated PumpSwap pools charge between 0.30% and 1.25% based on token market cap.
Does pump.fun require KYC?
pump.fun does not require KYC for on-chain trading or launching tokens, but third-party card onramp processors may require identity verification.
Is pump.fun restricted in any countries?
Yes, pump.fun blocks access to users located in the United Kingdom following regulatory warnings from the Financial Conduct Authority.
Does pump.fun have a token?
Yes, the platform operates the PUMP token, which raised $1.3 billion across public and private sales in July 2025.
What happens when a token graduates on pump.fun?
When a token completes its bonding curve capitalization, it automatically migrates to a PumpSwap canonical liquidity pool for a 0.015 SOL migration fee.
Latest from pump.fun on X
The limited-time 4x referral boost on Pumpfun has ended. We’re proud to announce that we’re continuing to give away 100% of our platform’s revenue.
Referrers will now earn 1.5x rewards, meaning 37.5% of the fees their referrals pay is awarded to them. The other 62.5% of revenue will go towards the Callout Rewards pot and in-app incentives.
With $30,000,000 in reward payouts and counting, our goal is to become the most rewarding app on Earth.
Referrers will now earn 1.5x rewards, meaning 37.5% of the fees their referrals pay is awarded to them. The other 62.5% of revenue will go towards the Callout Rewards pot and in-app incentives.
With $30,000,000 in reward payouts and counting, our goal is to become the most rewarding app on Earth.
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perps 🤝 social trading
4SKINNERS.
NOW TRADING ON PUMPFUN. https://t.co/PpukLHpgli
NOW TRADING ON PUMPFUN. https://t.co/PpukLHpgli
Recent public posts from @pumpfun, shown as published. Not reviewed or endorsed by CryptoReview.
Latest from pump.fun on Telegram
Pump Developer Updates
Join
@pump_tech_updates · 6.9K subscribers
Hey everyone. We're going to be enabling creation of tokens to one more depth in the next few hours.
Any token paired with SOL, USDC or one of the whitelisted mints from quote-control PDA are considered depth 0.
Last week we enabled the creation of depth 1 coins which meant new creations were allowed paired with any Pump token with depth 0.
Today we will be enabling the creation of depth 2 tokens which can be paired with depth 1 token.
This is not a breaking change, all trading interfaces remain the same, all quotes remain the same.
The only change is in the create v2 instruction where more accounts need to be passed to create depth 2 tokens. Please refer to this doc on how to do that…
Any token paired with SOL, USDC or one of the whitelisted mints from quote-control PDA are considered depth 0.
Last week we enabled the creation of depth 1 coins which meant new creations were allowed paired with any Pump token with depth 0.
Today we will be enabling the creation of depth 2 tokens which can be paired with depth 1 token.
This is not a breaking change, all trading interfaces remain the same, all quotes remain the same.
The only change is in the create v2 instruction where more accounts need to be passed to create depth 2 tokens. Please refer to this doc on how to do that…
4.4K View on Telegram
Hello everyone.
Tomorrow we will be releasing new instructions and features on the pump and pump swap programs. All changes are non breaking if you had adapted to the virtual quote reserves being negative in the previous announcement.
What is new?
- New Pump coins can be paired with any previously created Pump coins that are paired with SOL, USDC or one of the mints in the quote control PDA.
- New v3 instructions in the pump program to reduce the number of accounts needed for trades.
- New v2 instructions in the pump swap program to reduce the number of accounts needed for trades.
- New multi hop instruction in the pump swap program to be able to trade multiple hops in a single…
Tomorrow we will be releasing new instructions and features on the pump and pump swap programs. All changes are non breaking if you had adapted to the virtual quote reserves being negative in the previous announcement.
What is new?
- New Pump coins can be paired with any previously created Pump coins that are paired with SOL, USDC or one of the mints in the quote control PDA.
- New v3 instructions in the pump program to reduce the number of accounts needed for trades.
- New v2 instructions in the pump swap program to reduce the number of accounts needed for trades.
- New multi hop instruction in the pump swap program to be able to trade multiple hops in a single…
6.2K View on Telegram
Hi all, starting tomorrow, the virtual quote reserves in pump swap which is marked as i128, can be negative also. This is a heads up to make sure quoting logic handles it already from your side.
More details on how to handle when its negative: https://github.com/pump-fun/pump-public-docs/blob/main/docs/NEGATIVE_VIRTUAL_QUOTE_RESERVES.md
More details on how to handle when its negative: https://github.com/pump-fun/pump-public-docs/blob/main/docs/NEGATIVE_VIRTUAL_QUOTE_RESERVES.md
6.3K View on Telegram
Hi all, The update above of enabling non zero virtual quote reserves will be now at 10am EST on july 21, 2026
11.4K View on Telegram
Recent posts from the official Telegram channel @pump_tech_updates, shown as published. Not reviewed or endorsed by CryptoReview.
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