---
type: entity
entity_type: company
name: Pump.fun
domain: internet-finance
status: active
tracked_by: rio
created: 2026-03-11
key_metrics:
  total_revenue: "$700M+ (since January 2024)"
  tokens_launched: "11M+"
  market_share_peak: "70% of Solana token launches"
  survival_rate: "<0.5% at 30 days"
---

# Pump.fun

Pump.fun is the dominant permissionless token launchpad on Solana, representing the extreme end of the curation-permissionless spectrum. The platform uses a bonding curve model (1B tokens per launch, 800M to bonding curve) and has generated $700M+ revenue since January 2024 despite achieving <0.5% 30-day token survival rate.

The platform's business model optimizes for launch volume and trading fees rather than project quality, serving speculative traders seeking lottery-ticket exposure. At peak, Pump.fun facilitated 70% of all Solana token launches.

## Timeline
- **2024-01** — Platform launch, bonding curve model introduced
- **2025** — Facilitated majority of 9M+ Solana token launches, achieved 70% market share at peak
- **2026-03** — Cumulative metrics: $700M+ revenue, 11M+ tokens launched, <0.5% 30-day survival rate

## Relationship to KB
- Represents permissionless extreme on [[futarchy-governed permissionless launches require brand separation to manage reputational liability]] spectrum
- Validates [[cryptos primary use case is capital formation not payments or store of value]] through massive launch volume
- Competitive contrast to [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]]