Skip to content
Open J Tools

Pump.fun vs Raydium

These are two different kinds of thing. Pump.fun is a bonding-curve launchpad: a cheap, instant start with a built-in audience and no pool to seed up front. Raydium is a DEX where you run your own liquidity pool, with full control over price, supply, and the pair from day one. This page lines them up so you can pick before you mint.

For a wider map of every launch path, read Choosing how to launch.

What each one is

#what-each-one-is

A Pump.fun launch starts your token on a bonding curve. There is no pool to fund up front. Price rises along a fixed curve as people buy and falls as they sell, and the curve itself holds the liquidity. The token rides that curve until it graduates, when the liquidity moves to a real pool. You launch through Pump.fun Create for a single-wallet start, or Pump.fun Create & Bundle Buy when you want the opening buys sequenced across wallets you control. As the creator you earn Pump.fun creator fees on the token’s trades, and Creator Fee Claim collects them.

A Raydium pool is the other road. You mint a plain token first (usually with Token Creator), then pair it with SOL or another quote token and open the pool yourself with Create LP. You set the supply, the opening price, the pool size, and what to do with the LP tokens afterward. Nothing trades until that pool is live. For the mechanics behind a pool, the pair, and how price comes from the deposit ratio, see DEXs and liquidity.

Both paths run end to end in the browser, non-custodial. Open the launchpad with Start a Pump.fun launch in the app → or seed your own market with Create your Raydium pool in the app →.

Compare them side by side

#compare-them-side-by-side
Pump.fun bonding curveYour own Raydium pool
What it isA launchpad. Price follows a fixed curve, the curve holds liquidity.A DEX pool you create and own. You seed the liquidity.
Up-front liquidityNone. No SOL to pair, the curve handles it.You fund both sides of the pair (token + SOL or another quote).
Cost to startLow. Mint plus the in-app fee, no pool deposit.Higher. Pool deposit, DEX pool-creation cost, account rent, plus the in-app fee.
Control over priceSet by the curve, not by you.You set the opening price from your deposit ratio.
AudienceBuilt in. Pump.fun has its own discovery feed and trader traffic.You bring your own. A pool has no audience until you market it.
Pair / quote choiceFixed by the launchpad.You pick: SOL, stablecoins, or another mint, per the route’s allowlist.
LP tokens to manageNo. There is no LP position until graduation.Yes. You hold the LP tokens and decide whether to lock or burn them.
Token standardPump.fun bonding-curve token.Plain SPL (or Token-2022) you minted yourself.
Best whenYou want a fast, cheap, discovery-driven start.You want full control over price, supply, and the pair.

The token-standard row is permanent. A Pump.fun token lives on the curve until graduation. A token you mint for a Raydium pool is whatever standard you chose at mint time. You cannot swap one model for the other after the fact, so the choice comes before the launch.

A note on Create LP routes

#a-note-on-create-lp-routes

Create LP lists Raydium (V4, CPMM, and CLMM), PumpSwap, Meteora (DLMM plus DAMM V1 and V2), and Orca (Whirlpool and Splash) in its picker. Most of those routes are live: Raydium standard AMM (CPMM) carries the recommended badge, and the CLMM, Legacy V4, PumpSwap, Meteora DLMM, Orca Whirlpool, and Orca Splash routes each have a complete pool-creation flow. The two Meteora DAMM routes are marked coming soon. The route selector inside the tool is the source of truth for what is live, and a coming-soon route is blocked before any wallet signature, so you never pay a fee for a pool that cannot complete.

PumpSwap in that picker is the Pump.fun CP-AMM for pools, not the bonding curve. So even after a Pump.fun token graduates, the pool side and the launchpad side stay distinct. The same set of venues is covered in DEXs and liquidity if you want the background on each one.

Explore the tools in the app →

#related