pump.fun combines a coin launchpad, a trading interface and a social feed. Its standard launch flow creates user-generated coins on Solana, while the current web and mobile interfaces also display supported assets from other networks. Users can browse coins, profiles, callouts and livestreams, then create or trade through a wallet-backed account.
Feature scope: the standard creation path described here is on Solana. Displaying another network’s asset is not proof that the same launch or trading path is available for it. The rewards badge includes legacy Cashback; new launches use their eligible Holder Rewards settings instead.
How launches work
A standard Solana launch begins on a deterministic bonding curve rather than an order book. Buys and sells change the curve price. Once the graduation threshold is reached, the migrated assets form the coin’s canonical PumpSwap pool. The creation form accepts a name, ticker, description, social links and an image or video; these details cannot be edited after creation.
What you can do
- Create a coin: choose SOL, USDC or a custom liquidity pair and review the optional settings before signing.
- Trade and monitor activity: follow bonding-curve activity, PumpSwap pools and supported assets displayed across the platform.
- Use social discovery: search coins and profiles, read callouts, comment and view livestreams subject to moderation.
Costs to understand
Creation has no platform fee, but requires network fees and the SOL deposit for new onchain accounts. Graduation costs 0.015 SOL. Standard SOL- and USDC-paired bonding-curve trades total 1.25%, split into 0.30% creator and 0.95% protocol fees. Graduated canonical pools use market-cap tiers; non-canonical pools list 0.30%. Custom pairs use a separate flat schedule, and a creator-set Holder Rewards rate can change the total. Read the coin’s configuration and complete route quote.
The amount shown before signing is an estimate; the applicable smart contract determines the final fee.
Decision snapshot
- Useful for: launching a Solana coin without manually creating an initial liquidity pool, or discovering and trading supported coins in a social interface.
- Less suited for: users looking for verified issuers, fixed transaction pricing or order-book trading.
- Account and wallet: browsing is public; creating or trading requires a sign-in or compatible wallet and enough balance for the transaction and network costs.
- Main limits: coins and social content are user-generated, transactions are irreversible, fees can change and availability may vary by region. Graduation does not verify the coin or its creator.
Creator fees, Holder Rewards and legacy Cashback
New launches can allocate the creator-fee component to eligible holders through Holder Rewards. This differs from legacy Cashback, which rewards eligible trading activity. Cashback is no longer available for new launches. Holder distributions depend on eligibility, accrued fees and distribution costs; holding a coin does not guarantee a payout.
Optional Mayhem mechanics involve an experimental trading agent during a coin’s first 24 hours. The published documentation says the toggle is unavailable in the standard web and mobile creation flow. Do not assume that every launch offers this setting.
After a launch, verify the exact token mint and transaction history. Review the token’s permissions and holder concentration before interpreting its trading activity.
