launchpad review · updated
pump.fun review
What pump.fun is, how its bonding curve and graduation work, what it costs and how safe it is. We checked every fee and safety fact against pump.fun's own fee page, terms and docs on 1 October 2026.
Summary
pump.fun is a Solana memecoin launchpad where anyone can create a coin for free and trade it at once on a bonding curve, with a total fee of 1.25% per curve trade, according to pump.fun's fee page (last updated 20 May 2026). When every curve token is sold, the coin graduates to PumpSwap, the exchange that pump.fun built, for a 0.015 SOL migration charge.
pump.fun has run since 2024 and has a documented history: a former employee took about 12.3K SOL in May 2024, and its terms block users in the United Kingdom. You trade from your own wallet. Many coins on pump.fun lose most of their value, and a launch or a graduation does not establish token quality. pump.fun has no referral program, so no code lowers its fees.
Strengths
- No platform creation fee; Solana network fees still apply
- Trading starts the second the token exists; no liquidity setup
- When the curve completes, its liquidity moves to a PumpSwap pool without creator action
- Creator fees apply on curve trades and on canonical PumpSwap pools
- pump.fun publishes its full fee schedule with an update date
Limitations
- A large number of launches can make individual tokens difficult to discover
- The published total curve trading fee is 1.25%, before network charges
- pump.fun has no referral program, so no code lowers the trading fee
- A former employee took about 12.3K SOL from the platform in May 2024
- Tokens can lose all their value; the launch mechanism does not guarantee demand
Is this platform a fit for you?
Best for
- → Creators who want bonding-curve launches on Solana without setting up initial liquidity
- → Traders comparing newly launched tokens and their progress toward PumpSwap
- → Creators comparing platform launch costs and ongoing trading fees
Skip it if
- ✕ You want your token to stand out in a slow, curated feed. The volume of launches here is extreme
- ✕ You want creator rewards guaranteed in writing before launch. The fee-share terms changed in May 2025, September 2025 and September 2026
- ✕ You trade on BNB Chain or Base. pump.fun is Solana only
- ✕ You live in the United Kingdom. pump.fun's terms list it as a prohibited jurisdiction
fees · 24h
$2.31M
fees · 30d
$48.97M
fees · all-time
$1.26B
Source: DefiLlama · Fee data fetched · pump.fun statistics →
What is pump.fun?
pump.fun is a memecoin launchpad on Solana. Anyone can create a coin, and the coin trades at once on a bonding curve: a pricing formula that raises the price as people buy and lowers it as people sell. A launch needs no presale and no liquidity from the creator. pump.fun started in 2024 and has a web app and mobile apps for iOS and Android.
pump.fun's terms of use name two companies. Bracket Company, Ltd., incorporated in the British Virgin Islands, owns the platform and receives the fees. Baton Corporation, Ltd., incorporated in England and Wales, develops and operates the platform for Bracket. The platform also has its own token, PUMP. pump.fun says that half of its revenue buys PUMP on the open market and burns it.
How does pump.fun work?
Step 1: A creator enters a name, ticker and image and creates the coin. pump.fun charges no platform fee for this step. Each coin has a total supply of 1,000,000,000 tokens, and 793,100,000 of them are for sale on the curve.
Step 2: Traders buy and sell against the curve. Each trade pays a total fee of 1.25%. The price goes up as the curve sells more tokens.
Step 3: When every token for sale on the curve is sold, the curve is complete. Then a migrate instruction, which anyone can call, moves the liquidity to a canonical PumpSwap pool. pump.fun calls this graduation, and it charges 0.015 SOL. Our guide to memecoin graduation explains the step across launchpads.
Step 4: The coin trades on PumpSwap. The fee on a canonical pool falls as market cap grows. DefiLlama tracks pump.fun and PumpSwap as separate protocols, so the launchpad numbers on our pump.fun stats page cover the curve side only.
pump.fun fees: what you actually pay
pump.fun's fee page (last updated 20 May 2026) lists a total bonding-curve fee of 1.25% per trade: 0.95% to the protocol and 0.30% to the creator. On a canonical PumpSwap pool, the total starts at 1.25% and falls to 0.30% as market cap grows. The bands differ for SOL-paired and USDC-paired coins. Other PumpSwap pools charge 0.30%.
Creating a token has no platform fee. The published migration charge is 0.015 SOL when a coin graduates to PumpSwap. pump.fun says some mobile users can pay up to 0.1% more on certain transactions. Apps that send trades to pump.fun can add their own fee. Network fees and optional priority charges are additional; check the current transaction quote.
To see the cost of one trade at each stage, use the pump.fun fee calculator. The fee table below lists the published rates, and the comparison table shows the fees of other launchpads.
Creator rewards
Creator fees apply on the bonding curve and on canonical PumpSwap pools. The curve creator fee is 0.30%. On PumpSwap, the creator share changes with the published market-cap bands and the quote asset.
Since 12 September 2026, a creator can launch a holder rewards coin. On such a coin, pump.fun pays the creator fee to the coin's holders, and the creator claims nothing. On the same date, pump.fun stopped new cashback coins. Existing cashback coins still trade, and their accrued cashback stays claimable.
Is pump.fun safe and legit?
pump.fun is a working platform with published fees, public program docs on GitHub and named operating companies in its terms. You keep control of your funds. The wallet that pump.fun can create when you first log in comes from Privy, a separate company, and pump.fun's terms say that it has no control over your wallet or its private keys. A confirmed trade on Solana is final.
In May 2024, pump.fun published a post-mortem of a coin migration issue. It said that a former employee used a privileged position at the company to take about 12.3K SOL, and that its contracts were safe. Today, migration to PumpSwap is permissionless: anyone can call the migrate instruction.
Is pump.fun legal where you live? Its terms list the United Kingdom, Cuba, Iran, North Korea, Syria, Russia, Belarus and parts of Ukraine as prohibited jurisdictions, together with sanctioned countries. Check your local rules before you trade.
The bigger risk is the coins, not the platform. Anyone can launch a coin, and many coins lose most of their value. Our memecoin survival study measures how many launched coins still trade later. We did not review court cases about pump.fun for this page.
Does pump.fun have a referral code?
No. pump.fun has no referral program for traders. Its fee page and public developer docs list no referral discount, so a code from another site does not lower the pump.fun fee. Creator fees and holder rewards coins are separate programs for coin creators.
How it compares
The comparison pages cover different products and reward models. LetsBONK routes part of platform revenue into BONK purchases. four.meme uses the same bonding-curve model on BNB Chain. FOMO is a social trading app with web and mobile access; its reported app activity is not the same launch mechanism as pump.fun. Bags focuses on creator fee sharing. Pons runs on Robinhood Chain instead of Solana. Compare the documented fee scope and live period on pump.fun vs LetsBONK, pump.fun vs FOMO, pump.fun vs Bags and pump.fun vs Pons.
pump.fun fee table
| Cost | Amount | Note |
|---|---|---|
| Create a coin | 0 SOL or 0 USDC | No platform fee. Solana network fees still apply. |
| Bonding-curve trade | 1.25% of each buy and sell | 0.95% protocol fee and 0.30% creator fee. The same rates apply to SOL and USDC coins. |
| Graduation to PumpSwap | 0.015 SOL | Charged when all 793,100,000 curve tokens are sold and the liquidity moves to PumpSwap. |
| Canonical PumpSwap pool, SOL-paired coin | 1.25% falling to 0.30% | 1.25% below a 420 SOL market cap. The total falls in steps to 0.30% from 98,240 SOL. |
| Canonical PumpSwap pool, USDC-paired coin | 1.25% falling to 0.30% | 1.25% below a 59,000 USDC market cap. The total falls in steps to 0.30% from 20,000,000 USDC. |
| Other PumpSwap pools | 0.30% | 0.05% protocol fee and 0.25% LP fee. No creator fee. |
| Mobile surcharge | Up to 0.1% | pump.fun says some mobile users may pay this on certain transactions. |
| Referral discount | None | pump.fun has no referral program. |
Source: pump.fun fee page (pump.fun/docs/fees, last updated 20 May 2026) and the pump.fun program docs on GitHub. Checked on 1 October 2026.
pump.fun fees compared
| Launchpad | Platform fee terms | Launch cost | Chains | Fees, last 30 days |
|---|---|---|---|---|
| pump.fun | 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. | No platform launch fee; network fees apply | Solana | $48.97M |
| Pons | V1: 1% pool fee; current-factory tokens split it 70% creator / 30% protocol, while legacy tokens retain 90% / 10%. V2: token-specific base fee plus any creator tax; check both in the trade quote. | V1: 0.0005 ETH. V2: check the current factory launch fee and eligibility. | Robinhood Chain | $123.97M |
| LetsBONK.fun | Curve trading fees depend on the launch configuration. The revenue dashboard allocates 51% of platform revenue to BONK purchases for the BNKK treasury, not to burning those tokens. | Network and account costs apply; review the launch quote | Solana | $9.20M |
| four.meme | 1% curve fee. On 1 Oct 2026 the guide gave a 0.001 BNB minimum fee, and the public config gave 0 for the BNB pair. Tax tokens and early anti-sniping or X Mode fees can add costs; check the launch mode and token settings. | Free (BNB network fees only) | BSC | $251.1K |
| Bags | Solana default mode: 2% per trade, half to the platform and half to fee claimers; six other modes set other rates. Robinhood Chain: a flat 2% on the ETH leg. | Solana: no Bags fee for API launches, only transaction costs. Robinhood Chain: 0.02 ETH by default. | Solana, Robinhood Chain | $413.8K |
Fee terms: each platform's own docs, as listed in the MemeFees launchpad registry. Fees, last 30 days: DefiLlama, the fees each platform collected, not a rate per trade. “Not tracked” means DefiLlama reports no figure for that platform. Fetched .
pump.fun data pages
Daily figures for pump.fun by closed UTC day, with sources and CSV downloads.
Frequently asked questions
What is pump.fun?
pump.fun is a Solana memecoin launchpad. Anyone can create a coin for free, and the coin trades at once on a bonding curve with a 1.25% fee per trade. When the curve sells out, the coin moves to PumpSwap, pump.fun's own exchange.
How does pump.fun work?
A creator launches a coin with a name, ticker and image. Traders buy and sell against a bonding curve that sets the price. When all 793,100,000 curve tokens are sold, the liquidity moves to a PumpSwap pool, and trading continues there.
What are the pump.fun fees?
Creating a coin has no platform fee. A bonding-curve trade pays 1.25%: 0.95% to pump.fun and 0.30% to the creator. Graduation costs 0.015 SOL. On a canonical PumpSwap pool, the fee starts at 1.25% and falls to 0.30% as market cap grows.
Is pump.fun safe?
You trade from your own wallet, and pump.fun's terms say it has no control over your private keys. In May 2024, a former employee took about 12.3K SOL from the platform. The bigger risk is the coins: many lose most of their value, and buyers can lose their entire position.
Is pump.fun legit?
Yes, it is a working launchpad with published fees and public program docs. Its terms name Bracket Company, Ltd. (British Virgin Islands) as owner and Baton Corporation, Ltd. (England and Wales) as operator. A legit platform does not make the coins on it safe.
Is pump.fun legal?
pump.fun's terms block users in the United Kingdom, Cuba, Iran, North Korea, Syria, Russia, Belarus, parts of Ukraine and other sanctioned places. Rules for memecoin trading differ by country, so check your local rules.
What happens when a token graduates?
When all curve tokens are sold, the liquidity moves to a canonical PumpSwap pool, pump.fun's own DEX. Trading continues there. The creator earns a share of the PumpSwap fee, unless the coin is a holder rewards coin.
Does pump.fun have a referral program?
No. pump.fun has no referral program for traders. Its fee page and public developer docs list no referral discount. Creator fees and holder rewards coins are separate programs for coin creators.
Related
How we review
Reviews cover documented features, fee terms and limitations. The sources and dates below show what each review is based on. Platform activity figures provide context; they are not execution or safety benchmarks. Read the full methodology.
Sources & verification
Platform facts verified 2026-10-01. Research by MemeFees, last revised 2026-10-01. MemeFees is independent and not affiliated with pump.fun.
Memecoins can lose their entire value. This page provides information, not financial advice.