99% of pump.fun coins never graduate

LAUNCH.
TRADE 40×.
INSTANTLY.

One click. No liquidity needed. Free. Built on Solana.

Every coin launched on Perpes.fun gets its own live perpetual market instantly

Free to launch
Permissionless
Decentralized
Non-Custodial
Fully On-chain
USDC Collateral
Creator Rewards
Trading Competitions
Referral Rewards
Points Program
The Problem

LIQUIDITY IS DEAD.
TOKENS ARE DYING WITH IT.

99%
of coins on pump.fun never graduateOver 99% of coins launched in 2024–2025 never reached the graduation threshold — no DEX listing, no real market, billions in trader capital stranded with no exit.
01

Spot Markets Require Graduation First

On pump.fun, coins must hit a market cap threshold before getting a Raydium listing. Until then — no real market, no exit, trapped capital. Most never make it.

02

LPs Don't Show Up for New Coins

Even when coins launch, liquidity providers skip the new ones. Thin books. Massive slippage. Impossible to enter or exit without wrecking the price.

03

You Can't Short the Hype — Until Now

Every cycle has winners and losers. But before Perpes.fun, you could only buy. No shorting. No leverage. No way to profit from the 99% that fail.

How It Works

ONE CLICK.
LIVE PERP MARKET.

From zero to a fully functioning leveraged perpetual market — in a single Solana transaction.

01
🚀
Creator Launches a Coin

Name, symbol, image, description. One transaction. Mint created, metadata locked, creator profile linked — all atomically on-chain.

⚡ Launchpad Program · Anchor · Solana
02
📈
Perp Market Opens Atomically

In the same transaction, a vAMM market spins up. Virtual reserves provide instant depth. Longs and shorts go live from block one. Zero LP required.

📊 Virtual AMM · No LP Required
03
💱
Trade Long or Short Instantly

Deposit USDC. Pick leverage. Open a position. Funding rates keep price honest. Isolated margin — one bad trade can't cascade to another.

🔒 Isolated Margin · USDC · 10× Base
04
🏆
Graduate to 20×–40× + DEX

Hit volume, trader, and OI milestones. Leverage unlocks. DEX listing activates. Creator fee tier rises. Featured placement and deeper virtual liquidity.

🔓 10× → 20× → 40× → DEX Listed
Protocol Features

EVERY FEATURE.
BUILT FOR DAY ONE.

Atomic Token + Perp Market Creation

When a creator launches, the SPL mint and its perpetual market are created atomically — one transaction, one block, zero delay. A virtual AMM provides instant depth with no LP dependency. The fastest tradeable market launch on Solana.

Launchpad Program · Perps Core · Single TX
📊

Virtual AMM Pricing

Constant-product virtual reserves provide deterministic execution. Depth scales with market maturity. No external LPs at any stage.

vAMM · Dynamic Depth · Skew Caps
💰

Isolated USDC Margin

Each position is independently margined. One bad trade can't cascade. USDC-only — no oracle complexity, no SOL liquidation edge cases.

USDC Only · Position-Level Risk
⚖️

Hourly Funding Rates

Skew-based funding keeps perp price honest. Settled lazily at open, close, and liquidation. Cumulative per market, snapshot per position.

1h Cadence · Premium TWAP · Lazy Settlement
🔥

Insurance Fund From Day One

Creator tokens are volatile. 20% of every fee goes to an insurance fund absorbing bad debt during extreme gap moves. Mandatory — not optional.

Bad Debt Protection · Partial Liq First
📡

Livestream Your Market

Stream directly from your token page. Trades hit the feed in real-time. Copy-trading entry surfaces to the audience automatically.

WebRTC · Real-Time Feed · Copy Entry
Graduation System

PROVE IT.
UNLOCK MORE.

Markets earn higher leverage, deeper liquidity, and real DEX listing through volume, traders, and open interest — not by paying for it.

10×

Launch — Default

Every new market. Core risk params live from block one.

Live at Launch
20×

Graduation Level 1

Unlocked at volume + unique trader milestones. Featured placement eligible.

Grad 1
40×

Graduation Level 2 — Elite

Top markets only. Max leverage. Max depth. Highest creator fee tier.

Grad 2 · Elite
DEX
LIST

DEX Listing Unlocked

Graduated Level 2 markets earn an automatic spot-market listing on a partner DEX. Real on-chain liquidity pairs open for the first time.

🟢 New · Auto DEX
Graduation also unlocks
Deeper vAMM reservesHigher creator fee shareFeatured placementRaised OI capDEX spot listing
DEGEN · Graduation ProgressLVL 0 → 1
Cumulative Volume$148K / $250K
Unique Traders1,204 / 2,500
Open Interest Depth$32K / $100K
At current rate, graduation in ~18 hours. Next unlock: 20× leverage.
After Graduation
  • Max leverage rises
  • Deeper virtual liquidity
  • Featured page slot
  • Higher creator rewards
  • DEX spot listing
Risk Upgrades Too
  • Tighter funding velocity
  • Raised max OI cap
  • Skew bounds tighten
  • Insurance reserve grows
Copy Trading

FOLLOW THE BEST.
KEEP YOUR RULES.

Mirror any top trader automatically. You set the collateral cap, max leverage, allowed markets, and daily loss limit.

#Trader30D PnLWin RateVolume
1
🦍
degen_apex
@apex
+$284K74%$4.2M
2
🐬
sol_surfr
@surfr
+$192K68%$2.8M
3
🌙
moon_math
@moonmath
+$88K61%$1.1M
4
🦊
foxtrader_
@foxtrdr
+$44K55%$780K
5
🔮
perp_witch
@perpwitch
-$12K42%$390K
Your Copy Rules
  • Max Collateral$500
  • Max Leverage
  • Daily Loss Cap-$100
Safety Controls
  • Stop-copy on loss threshold
  • Market allow/block list
  • One-click pause anytime
Execution
  • Off-chain engine mirrors trades
  • Your wallet signs everything
  • Batched for Solana efficiency
For Creators

YOUR TOKEN.
YOUR REVENUE.

Every trade on your coin's perp market earns you rewards on-chain. No approval. No application. Launch and earn.

🚀

Launch in One Click

Name, symbol, image, description — one transaction. Your coin and its perp market go live atomically. Creator profile linked automatically.

📡

Stream From Your Market

Go live directly from your coin's page. Trades hit the audience feed in real-time. Copy-trading entry surfaces automatically while you're live.

💸

Earn From Every Trade

20% of the 0.5% trading fee flows to your creator rewards account. Volume compounds. Claimed on-chain anytime, no minimum.

Fee Split — 0.5% per trade
Protocol Treasury60%
Creator Rewards20%
Insurance Fund20%
Illustrative Daily Creator Earnings
$10
$10K vol
$100
$100K vol
$1K
$1M vol
Based on 20% creator share of 0.5% fee. Higher tiers at graduation.
Protocol Specs

BUILT TO
THE SPEC.

BlockchainSolana
Token StandardSPL Token
CollateralUSDC Only
Margin ModeIsolated Margin
Trading Fee0.5%
Base Leverage10×
Max Leverage40×
Funding Cadence1 Hour
AMM ModelVirtual AMM (vAMM)
Pricing ModelIndex · Mark · Execution
LiquidationPartial → Full
Insurance FundActive From Day One
Market CreationAtomic w/ Token
OracleInternal TWAP + Index
Eligible TokensPerpes.fun Native Only
FrameworkRust · Anchor
DEX ListingAuto at Grad Level 2
SocialLivestream · Copy Trading
🔒 Private Beta — Limited Spots
4,218
traders already on the list

GET IN
EARLY.

Launch tokens. Trade perps up to 40×. Copy the best traders. Stream from your market. Be first on Solana's most aggressive launchpad.

Reduced trading feesPoints boostCreator reward boost