Raydium vs pump.fun
Pick Raydium if you are solana traders and LPs who want direct access to Raydium pools, and token creators launching through LaunchLab. Pick pump.fun if you are creators launching a memecoin in one click, and traders buying early on the bonding curve before graduation.
Checked 2026-10-17 · both venues' fee pagesRaydium is a Solana AMM offering legacy constant-product (AMM v4), CPMM and concentrated-liquidity (CLMM) pools, plus LaunchLab, a bonding-curve token launchpad that graduates tokens into Raydium pools. Its interface is made available by the Raydium Holding Foundation.
pump.fun is a memecoin launchpad where anyone can create a coin that trades on a bonding curve and graduates to its own AMM, PumpSwap. It runs on Solana and Robinhood Chain through a web app and iOS/Android apps, and also offers perpetuals routed to Hyperliquid.
Our take
Pump.fun is where many Solana memecoins start, on a bonding curve, and Raydium is an AMM where coins trade in pools. They overlap through Raydium's own LaunchLab launchpad and pump.fun's PumpSwap AMM. Raydium's swap cost is the pool fee, 0.25% on default pools, and it excludes US residents. From 2026-10-17 in-app pump.fun trades on the curve cost 1.70% per side.
Choose Raydium if
You want direct access to Solana AMM pools, or to launch through LaunchLab, and are not a US resident.
Choose pump.fun if
You want to create a coin or buy early on a bonding curve. UK residents are prohibited and US persons cannot use its perps.
Key differences
- Job: pump.fun launches coins on a curve and graduates them to PumpSwap. Raydium runs AMM v4, CPMM and CLMM pools plus LaunchLab.
- Cost: Raydium default pools charge 0.25% per swap, with 84% to 88% going to LPs. Pump.fun's app charges 0.45% (0.40% with a referral code) plus 1.25% in curve fees on the curve.
- Extras: Raydium swaps opened through someone's referral link add 1%, and LaunchLab curve trades cost 1% by default.
- Geo: Raydium's terms exclude US residents. Pump.fun's terms list the UK as prohibited and bar US persons only from perps.
- Incidents: Raydium lost about $4.4M in December 2022 to a compromised pool owner key. Pump.fun lists a $1.9M key-compromise exploit in May 2024 and an unproven class action.
How to choose
- Launching a coin: pump.fun or Raydium LaunchLab.
- Trading a graduated coin: compare the pool fee you would pay, not the platform name.
- In the US: Raydium's terms exclude you; check pump.fun's terms for your product.
- Check the pool and referral fees on the swap screen before confirming.
Editorial view based on the fee and policy data on this page. Updated 2026-10-17.
Side by side
| Raydium | pump.fun | |
|---|---|---|
| Type | DEX | Launchpad |
| Status | live | live |
| Chains | Solana | Solana, Robinhood Chain |
| Platforms | web | web, ios, android |
| Custody | Self-custody | Self-custody |
| KYC | none | none |
| Platform fee, round trip | — | 0.9% |
| $1,000 round trip | — | $9.00 |
| Sign-up perk | None. The 1% swap referral fee is charged to the person swapping, on top of the pool fee. | Platform Fee drops from 0.45% to 0.40% of each app trade. |
| Perps taker / maker | 0.045% / 0% | — |
| United States | Not available | Partly available |
| United Kingdom | Available | Not available |
| European Union | Available | Available |
| Launched | 2021-02 | 2024-01 |
| Reported incidents | 2 | 2 |
Features
| Feature | Raydium | pump.fun |
|---|---|---|
| concentrated liquidity | ✓ | — |
| token launchpad | ✓ | — |
| bonding curve | ✓ | — |
| liquidity pools | ✓ | — |
| farms | ✓ | — |
| blinks | ✓ | — |
| bonding curve launches | — | ✓ |
| mobile app | — | ✓ |
| perps | — | ✓ |
| limit orders | — | ✓ |
| creator fees | — | ✓ |
| holder rewards | — | ✓ |
| referral program | — | ✓ |
| livestreaming | — | ✓ |
| voice chat | — | ✓ |
| multichain (Robinhood Chain) | — | ✓ |
"—" means the feature was not in the sources we checked, not proof it's missing.
Raydium: watch out for
- About $4.4M was drained in December 2022 after a pool owner key was compromised.
- Swaps opened from someone's referral link cost an extra 1% of input.
- Terms exclude US residents.
pump.fun: watch out for
- In-app trades on the bonding curve cost 1.70% per side (0.45% Platform Fee plus 1.25% curve fees) from 2026-10-17.
- UK residents are prohibited from using the platform, and US persons cannot use perpetuals.
- The referrer's fee share is unpublished and can be changed to zero without notice.
FAQ
Which is better, Raydium or pump.fun?
Pump.fun is where many Solana memecoins start, on a bonding curve, and Raydium is an AMM where coins trade in pools. They overlap through Raydium's own LaunchLab launchpad and pump.fun's PumpSwap AMM. Raydium's swap cost is the pool fee, 0.25% on default pools, and it excludes US residents. From 2026-10-17 in-app pump.fun trades on the curve cost 1.70% per side.
Is Raydium better than pump.fun?
Pick Raydium if you are solana traders and LPs who want direct access to Raydium pools, and token creators launching through LaunchLab. Pick pump.fun if you are creators launching a memecoin in one click, and traders buying early on the bonding curve before graduation.
Which is cheaper, Raydium or pump.fun?
We could not compare published fees for both.
Can I use Raydium or pump.fun in the US?
Raydium: not available. pump.fun: partly available. Based on each venue's own terms.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Raydium docs: fee comparison — checked 2026-10-17
- Raydium docs: protocol fees — checked 2026-10-17
- Raydium docs: Referrals & Blinks — checked 2026-10-17
- Raydium docs: Earn referral fees (LaunchLab) — checked 2026-10-17
- Raydium docs: history and milestones — checked 2026-10-16
- Raydium docs: audits and historical incidents — checked 2026-10-16
- pump.fun Fees — checked 2026-10-16
- pump.fun Terms and Conditions (Last Updated 17 October 2026) — checked 2026-10-16
- Cointelegraph: Pump.fun ICO raises $500M, sells out within minutes (2025-07-12) — checked 2026-10-16
- DefiLlama: pump.fun protocol page (raises) — checked 2026-10-16
- DefiLlama Hacks database — checked 2026-10-16
- What Is Pump.fun? (Decrypt) - launched January 2024 — checked 2026-10-16