Trading platform
The launched coin
The creator sets a name, ticker and description. Buyers receive that specific coin. A platform name or a similar ticker on another token does not establish its identity or holder rights.
Your ecosystem guide / Pump.fun
Pump.fun: From Coin Launch to Trading and Holder Rewards
Pump.fun creates new coins and opens their markets. A reserve-based curve sets the initial price; the coin later moves into a PumpSwap pool. At launch, the creator chooses the paired asset and who receives a share of trading fees: the creator or eligible holders through Holder Rewards.
- Type
- Token launch and trading platform
- Verified on 14.10.2026
- Quote asset
- SOL · USDC · Custom Pairs
- Verified on 14.10.2026
- After the curve
- PumpSwap
- Verified on 14.10.2026
Pump.fun
All sections
User-created coins, quote assets and PUMP
Every new coin has its own mint address on Solana. The quote asset is what traders pay or receive for the coin, and what the corresponding pool collects its fees in.
Standard pairs
A coin can launch against SOL or USDC. Bonding-curve trades use that stage’s fee schedule; after graduation, its canonical PumpSwap pool uses a tier based on market capitalization in the paired asset.
Another quote asset
A Custom Pair uses a listed Supported Pair Asset or an eligible Pump.fun coin launched against one. A listed Pump.fun coin is used as a Supported Pair Asset. An unlisted coin permits one secondary pairing level; eligibility follows its original quote asset’s status at launch.
The platform’s own token
PUMP is Pump.fun’s token. The platform uses part of its protocol revenue to buy PUMP on the open market and burn the purchased tokens.
A coin’s lifecycle
Launch choices, graduation and fee recipients
The bonding curve quotes buys and sells from its reserves. Buys raise the price, sells lower it, and trade size affects execution. Reaching the graduation threshold closes the curve and automatically moves liquidity into the canonical PumpSwap pool. A SOL pair pays the graduation fee from the curve; other pairs pay it in SOL from the migrating account, or from the user whose trade triggers graduation.
Launch against SOL or USDC
- 01Choose SOL or USDC
- 02Trade on the bonding curve
- 03Graduate to PumpSwap
Curve trading begins when the coin is created. Graduation is automatic and irreversible. The canonical pool then uses the SOL or USDC fee tier for the coin’s current market-cap range.
Mechanism and terms ↗Launch against another asset
- 01Select a supported quote asset
- 02Trade on that asset’s curve
- 03Enter a flat-fee pool
Ordinary Custom Pair fees depend on the trading stage and stay flat across market-cap ranges. For a multi-pool route, official Pump.fun interfaces collect the protocol fee at the first pool and the creator or holder fee and LP fee at the last pool.
Mechanism and terms ↗Launch with Holder Rewards
- 01Choose holder payments
- 02Fees accumulate in the coin vault
- 03Distribute the quote asset
Holder Rewards directs the creator-fee share to holders. A SOL or USDC pair retains its standard schedule; for a Custom Pair, the creator sets a separate Holder Rewards rate at launch. Collected fees are distributed to eligible balances after distribution costs.
Mechanism and terms ↗Create, trade and join a coin’s community
A launch sets the coin’s pair and fee mode. PumpSwap handles pool trading after graduation, while Live and Terminal offer other ways to follow and participate in its market.
Coin creation
Pump.fun
The launch form selects the coin, quote asset and available fee mode. Creation has no platform fee; the transaction still pays Solana network costs and the deposit for new token accounts.
Pools after graduation
PumpSwap
PumpSwap receives liquidity from coins graduating from their curves. A coin’s canonical pool and other pools have different fee schedules.
Livestreams
Pump.fun Live
Creators use Live to stream around their coins and speak with their communities. A coin page connects that conversation with its trading market.
Trading interface
Terminal
Terminal provides a dedicated interface for Pump.fun coin trading. Multi-pool routes use the fee collection scheme of the platform’s official products.
Choose a coin and a payment route
Pump.fun requires users to be at least 18 and of legal majority. Access is limited to jurisdictions permitted by its Terms. Solana actions use a supported wallet or Pump.fun sign-in method. The paired asset and route determine the purchase payment; standard network operations use SOL.
Open the intended coin
Its page shows the address, pair, trading stage and fee mode. Buying on the curve and buying in a PumpSwap pool use different schedules.
Prepare the payment
Fund the selected route and retain SOL for network operations. Creating a coin requires a small deposit for token accounts even though the platform charges no creation fee.
Execute the selected route
The quote shows the coin received and trade costs. Supported EVM access uses a bridge with its own charges; Pump.fun pays network gas on those routes. A third-party trading interface can add its own fee.
Trading fees follow the stage and coin mode
A single pool collects fees in its quote asset. Canonical SOL and USDC pools use market-cap tiers; Custom Pairs use a flat schedule. The creator-fee share goes to the selected recipient, while the LP fee adds to pool liquidity.
How Holder Rewards reaches a wallet
Holder Rewards distributes accumulated trading fees in the pool’s quote asset. Each recipient’s share is proportional to their eligible coin balance.
A coin with the mode enabled
Holder Rewards is selected at creation or through a community takeover. SOL and USDC pairs redirect the creator-fee share; a Custom Pair uses the holder rate selected at launch.
Accumulation and payout eligibility
Before distribution, the vault reserves funds for network, account-creation and priority-fee costs. Distribution requires sufficient vault funds, a minimum eligible holder balance and a holder count within the platform limit. Sanctions and anti-money laundering screening can exclude a wallet from payment. Unused reserves remain in the vault.
Automatic rounds
Pump.fun runs payout rounds automatically when the parameters are satisfied and can pause or cancel them. Holders do not submit a Claim instruction. The amount follows collected fees, distribution costs and the wallet’s share of eligible balances.
Pump.fun documents and communities
Product and fee rules ↗Public program documentation ↗Supported pair assets ↗Technical updates ↗Access and Holder Rewards terms ↗PUMP buybacks and burns ↗
1 Discord community on Pump.fun
Checked on 14.10.2026
Axiom
Axiom Pulse token monitoring for Pump.fun, with project support.
Community
About the ecosystem
Full list on discordcatalog.com →
2 sources about Pump.fun
Pump.fun product updates, launch tools, custom trading pairs and creator rewards.Checked on 14.10.2026
Pump.fun
Pumpfun
Official Pump.fun product updates, token launches and tools for creators and developers.
Official
Affiliation confirmed
Alon
a1lon9
Pump.fun product explanations, custom trading pairs and holder rewards.
Builders
About the ecosystem
Full list on xfollowlist.com →
Information reviewed: 14 October 2026
Practical questions
1Is Pump.fun a separate blockchain?+
Pump.fun is a launch and trading platform. Its coin and pool programs run on Solana; supported access from EVM networks adds a bridge route and that route’s payment rules.
2Can the fee recipient change later?+
A regular coin can become a Holder Rewards coin through a community takeover, or CTO. The conversion cannot be reversed to regular mode. Changing a Custom Pair rate also requires a CTO.
3Can a new coin launch with Cashback?+
New Cashback launches are disabled. Existing coins retain their mode’s rules, and accrued Cashback remains claimable through the Pump.fun app.