Definition
Tokens launched on pump.fun first trade on a bonding curve. When the curve completes, the token graduates and its liquidity moves into a PumpSwap pool, where anyone can swap in and out.
Why it matters
- It is where most pump.fun tokens trade after graduation.
- Pool and fee settings differ from the bonding curve phase.
- Many bots and terminals support it directly.
See how to use pump.fun and the launchpads page.