Pump.fun
The dominant Solana fair-launch platform using a bonding curve. Tokens graduate to Raydium once the curve fills.
Pump.fun is a Solana token-launch protocol where every token starts on a fixed bonding curve. There is no LP to seed and no team allocation beyond the optional dev buy. Once a token's curve reaches its SOL target (~85 SOL), it graduates and a Raydium LP is automatically created, with curve liquidity migrated. Pump.fun uses Token-2022. Vortex launches Pump.fun tokens with bundled dev buys, anti-sniper, AutoTP, and post-launch automation.
Related
- Bonding curveA mathematical price curve that automatically adjusts a token's price as supply is bought and sold from a smart contract.
- Token-2022The newer Solana token standard that extends the original SPL Token program with features like transfer hooks, metadata extensions, and confidential transfers.
- GraduationThe moment a bonding-curve token fills its curve and migrates to a standard AMM pool (e.g. Raydium).