# pump.fun

Canonical page: https://memefees.com/launchpads/pump-fun

Editorial review date: 2026-10-01. This is not a live-data timestamp.

A Solana memecoin launchpad using bonding-curve trading and graduation to PumpSwap.

- **Category:** Launchpad

- **Chain scope:** Solana

- **Website:** https://pump.fun

- **Fees:** 1.25% total bonding-curve trading fee, including a 0.30% creator fee. PumpSwap canonical-pool fees vary with market cap and quote asset; network fees are separate.

- **Coverage:** Profile and reported platform metrics

- **Live since:** 2024

- **How it works:** Tokens initially trade on a bonding curve. When the curve completes, liquidity migrates to PumpSwap, pump.fun's DEX for post-graduation trading.

- **Launch cost:** No platform launch fee; network fees apply

- **Graduation:** Bonding curve fills → automatic migration to PumpSwap

- **Creator rewards:** Creator fees apply on the bonding curve and on canonical PumpSwap pools. The published curve creator fee is 0.30%; post-graduation rates follow the current fee schedule. On a holder rewards coin (from 12 September 2026), the creator fee goes to the coin's holders.

- **Data note:** DefiLlama tracks pump.fun (bonding curve) and PumpSwap (post-graduation DEX) as separate protocols; this page shows the launchpad side only.

### Fee table

| Item | Current rule | Status | Source | Checked |
|---|---|---|---|---|
| Creation fee | 0 SOL or 0 USDC. Only Solana network fees apply. | sourced | [pump.fun fee schedule (updated 20 May 2026)](https://pump.fun/docs/fees) | 2026-09-25 |
| Trading fee on the bonding curve | 1.25% per trade: 0.95% protocol fee, 0.30% creator fee, 0% LP fee. The same rates apply to SOL and USDC coins. | sourced | [pump.fun fee schedule (updated 20 May 2026)](https://pump.fun/docs/fees) | 2026-09-25 |
| Trading fee after graduation | Canonical PumpSwap pool: 1.25% up to a 420 SOL market cap, then stepping down to 0.30% from 98,240 SOL. Other PumpSwap pools: 0.30%. | sourced | [pump.fun fee schedule (updated 20 May 2026)](https://pump.fun/docs/fees) | 2026-09-25 |
| Creator share | 0.30% on the curve. On PumpSwap, 0.30% below 420 SOL, 0.95% just above it, then down to 0.05% at the top tier. | sourced | [pump.fun fee schedule (updated 20 May 2026)](https://pump.fun/docs/fees) | 2026-09-25 |
| Platform share | 0.95% on the curve. On PumpSwap, 0.93% below 420 SOL and 0.05% above it. | sourced | [pump.fun fee schedule (updated 20 May 2026)](https://pump.fun/docs/fees) | 2026-09-25 |
| Graduation threshold and destination | When all 793.1 million curve tokens are sold. No SOL or market-cap figure is published. Destination: a PumpSwap pool. Migration fee: 0.015 SOL. | sourced | [pump.fun program docs](https://github.com/pump-fun/pump-public-docs/blob/main/docs/PUMP_PROGRAM_README.md) | 2026-09-25 |

### How it works

1. **Create a coin for free.** A new coin has a supply of 1 billion and starts trading at once on a bonding curve. No liquidity is seeded. Since 21 May 2026 a creator can pair the coin with USDC instead of SOL. [Source](https://pump.fun/docs/fees)
2. **Trade on the curve.** The curve prices each trade from virtual reserves, in the same way as a constant-product pool. Every buy and sell pays 1.25%. [Source](https://github.com/pump-fun/pump-public-docs/blob/main/docs/PUMP_PROGRAM_README.md)
3. **The curve completes.** The curve is complete when its last real token is sold. Then anyone can call the migrate instruction, which moves the liquidity to a canonical PumpSwap pool. The old path to Raydium is disabled. [Source](https://github.com/pump-fun/pump-public-docs/blob/main/docs/PUMP_PROGRAM_README.md)
4. **Fees change with market cap.** On the canonical PumpSwap pool, the fee depends on the coin's market cap in SOL or USDC. A larger market cap means a lower total fee and a lower creator share. [Source](https://pump.fun/docs/fees)
5. **Creators or holders collect.** A creator can claim the creator fee alone or split it among several wallets. On a holder rewards coin, pump.fun pays the creator fee to holders and the creator claims nothing. [Source](https://github.com/pump-fun/pump-public-docs/blob/main/docs/HOLDER_REWARDS_README.md)
6. **Revenue buys back PUMP.** pump.fun's fee dashboard says half of every dollar it earns buys PUMP on the open market and burns it. The same page says its buyback figures are not correct for custom pairs yet. [Source](https://fees.pump.fun/)

### Fee and rule changes

- **2026-09-12:** Holder rewards coins were added and new cashback coins were stopped. [pump.fun public docs README](https://github.com/pump-fun/pump-public-docs/blob/main/README.md)
- **2026-05-21:** Creators could pair new coins with USDC. The curve fee stayed at 1.25%. [pump.fun fee schedule (updated 20 May 2026)](https://pump.fun/docs/fees)
- **2026-02-17:** pump.fun documented cashback coins, which give the creator fee to traders on their own volume. [pump.fun cashback docs](https://github.com/pump-fun/pump-public-docs/blob/main/docs/PUMP_CASHBACK_README.md)
- **2025-09-01:** PumpSwap fees on canonical pools changed to a dynamic schedule based on market cap. [pump.fun fee program docs](https://github.com/pump-fun/pump-public-docs/blob/main/docs/FEE_PROGRAM_README.md)
- **2025-05-12:** Creator fees went live on the curve and on canonical PumpSwap pools at 11:00 UTC. [pump.fun creator fee docs](https://github.com/pump-fun/pump-public-docs/blob/main/docs/PUMP_CREATOR_FEE_README.md)
- **2025-04-04:** pump.fun published docs for migration to its own PumpSwap AMM. The earlier migration to Raydium is marked as disabled. [pump.fun program docs](https://github.com/pump-fun/pump-public-docs/blob/main/docs/PUMP_PROGRAM_README.md)

Sources:

- [pump.fun fee schedule](https://pump.fun/docs/fees)

- [pump.fun program docs](https://github.com/pump-fun/pump-public-docs/blob/main/docs/PUMP_PROGRAM_README.md)

- [pump.fun holder rewards coins](https://github.com/pump-fun/pump-public-docs/blob/main/docs/HOLDER_REWARDS_README.md)

- [pump.fun fee dashboard](https://fees.pump.fun/)

- [pump.fun creator fee docs](https://github.com/pump-fun/pump-public-docs/blob/main/docs/PUMP_CREATOR_FEE_README.md)

- [pump.fun fee program docs](https://github.com/pump-fun/pump-public-docs/blob/main/docs/FEE_PROGRAM_README.md)

- [pump.fun cashback docs](https://github.com/pump-fun/pump-public-docs/blob/main/docs/PUMP_CASHBACK_README.md)

- [pump.fun public docs README](https://github.com/pump-fun/pump-public-docs/blob/main/README.md)

## Latest figures

pump.fun collected $2.40M in fees on 2026-10-04 (UTC) and $50.44M over the last 30 days, per DefiLlama.

- Fees on 2026-10-04 (UTC, latest complete day): $2.40M
- Fees, last 30 days: $50.44M
- Revenue kept by pump.fun, last 30 days: $35.87M
- Source: DefiLlama fees and revenue adapters. DefiLlama updates these values about hourly.

## Data and attribution

The editorial text in this reference is not a live market snapshot. Only the Latest figures section is live data, with its own UTC day. Editorial review dates do not describe current prices or fees collected.

- [Reported platform metrics](https://memefees.com/api/v1/platform-analytics?slug=pump-fun): fees, volume, revenue, account-count coverage, available daily active wallets and trade transactions. Pons also includes a separately sourced creator and launch snapshot. Source dates, definitions and coverage limits are included; wallets and creators are not total registered accounts.

- [Data catalog](https://memefees.com/api/v1/catalog): endpoint parameters, units, observation times and missing-data conventions.

- [Citation guidance](https://memefees.com/methodology#citing-memefees): cite the canonical human page and retain upstream attribution.

- [Data-use terms](https://memefees.com/methodology#data-license): third-party source terms still apply.