Pump.fun (PUMP)

Pump.fun is a platform enabling users to create memecoins without coding, operating on the Solana blockchain. First appearing in 2024, the ecosystem launched its own governance token, PUMP, in 2025. The protocol functions as a simplified interface for token creation, allowing users to define a name and image to instantly deploy a new asset for public trading. This approach removes traditional barriers like development costs and technical expertise, resulting in thousands of new tokens daily. Most creations are thematic jokes involving animals, memes, or current events. The platform utilizes a bonding curve mechanism to automatically adjust token prices based on market activity. While the site hosts user-generated assets, the PUMP token serves as the platform's native utility. With a maximum supply of 1,000,000,000,000, the token represents the infrastructure behind this decentralized arcade for digital assets. The system distinguishes between the millions of user tokens and the single PUMP token, which facilitates the network's operations.