99% of pump.fun coins never graduate

LAUNCH.
TRADE 40×.
INSTANTLY.

One click. No liquidity needed. Earn Fees Forever. Built on Solana.

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

Get Early Access → Follow on X
Free to launch
Permissionless Vaults
Decentralized
Non-Custodial
Fully On-chain
USDC Collateral
Creator Rewards
Trading Competitions
Referral Rewards
Points Program
Raydium Graduation
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
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 Secondary Market

Successful Primary markets graduate, get listed on Raydium with 69 SOL protocol-backed liquidity, LP is burned, and Perpes trading shifts to a decentralized limit orderbook engine.

🔓 Primary → Secondary · Raydium 69 SOL · LP Burned
Protocol Features

CHOOSE YOUR ARENA.
TRADE YOUR STYLE.

🚀

Primary = Permissionless Launch Markets

Primary markets are newly launched coins created permissionlessly by anyone. They are built for early discovery, fast community momentum, and day-one trading access for all users.

Coin Type: New Launches · Create: Permissionless · Trade: Open To Everyone
🧠

Engine: vAMM + Toly's Percolator Models

Primary pricing is powered by the protocol's vAMM with Percolator models to keep discovery responsive while still managing early-stage volatility.

Execution: vAMM · Modeling: Percolator
🌊

Liquidity: Virtual At Launch

Primary markets do not wait for external LPs. Virtual liquidity provides immediate tradability from the moment a market is created.

Liquidity: Instant Virtual Depth · No LP Wait
📈

Secondary = Graduated Primary Markets

Secondary markets are Primary coins that graduated successfully. They are listed on Raydium with 69 SOL liquidity from protocol vaults, and that LP is permanently burned.

Coin Type: Graduated Primary · Raydium Listing: 69 SOL · LP: Burned
📚

Engine: Decentralized Limit Orderbook

On Perpes, Secondary execution is powered by a decentralized limit orderbook model for tighter, more structured market behavior.

Execution: DLOB Model
🏦

Liquidity: On-Chain Spot + Perps Depth

With Raydium spot liquidity and deeper in-protocol execution, Secondary markets support stronger participation and smoother flow.

Liquidity: Raydium + DLOB Powered Perps
💎

Bluechip = Protocol-Listed Majors

Bluechip markets include protocol-listed assets like BTC, ETH, SOL and other major pairs. They are not tied to Primary graduation and are listed directly by the protocol.

Coin Type: Protocol-Listed Majors · Not Graduation-Dependent
📘

Engine: Decentralized Limit Orderbook

Bluechip markets run on the same decentralized limit orderbook model used by Secondary markets, designed for cleaner execution on high-attention assets.

Execution: DLOB Model
🛰️

Pricing Source: Pyth Oracle

Bluechip prices are anchored to Pyth Oracle feeds, giving users transparent external price references for major assets.

Pricing: Pyth Oracle Referenced
Vaults

Vaults help you earn 24/7 even when you are offline. Choose curated protocol vaults or explore permissionless vaults created by the community.

Protocol Vaults

Curated

Designed by the core team for users who want a smooth, confidence-first experience across Primary and Secondary markets.

  • ✓Coin focus: curated mixes of early Primary coins and stronger Secondary coins.
  • ✓Pricing approach: strategy uses real-time market pricing with rule-based rebalancing.
  • ✓Liquidity approach: seeds Secondary Raydium listings with 69 SOL and burns LP for permanence.
  • ✓Access model: vault creation is protocol-managed, but participation is open to all users.

Permissionless Vaults

Open

Community-powered vaults made by creators and advanced traders with unique playbooks and market preferences.

  • ✓Coin focus: managers can specialize in Primary gems, Secondary trend coins, or mixed baskets.
  • ✓Pricing approach: each manager runs their own entry/exit logic on live market prices.
  • ✓Liquidity approach: vaults execute through protocol market depth with transparent performance.
  • ✓Access model: both vault creation and vault participation are permissionless.
Graduation System

PRIMARY TO SECONDARY.
EARN THE UPGRADE.

Every coin starts in Primary. Successful markets graduate to Secondary, gain Raydium listing support, and move to a decentralized limit orderbook execution model on Perpes.

P

Primary Market

Permissionless to create. Powered by vAMM + Toly's Percolator models for early-stage discovery. Tradable by anyone.

Default Stage
S

Secondary Market

Graduated Primary markets. Listed on Raydium with 69 SOL protocol-vault liquidity, LP burned, and Perpes trading shifts to DLOB.

Graduated
What graduation changes
✓Raydium listing with 69 SOL✓LP position burned✓DLOB execution on Perpes✓Broader market confidenceiBluechip markets are protocol-listed separately
DEGEN · Graduation ProgressPRIMARY → SECONDARY
Sustained Volume$148K / $250K
Active Traders1,204 / 2,000
Market Health Score72 / 100
At current pace, this coin is trending toward Secondary in ~18 hours.
Secondary Benefits
  • →Stronger trader confidence
  • →Smoother execution profile
  • →Higher discovery visibility
  • →Better strategy consistency
How Coins Graduate
  • →Consistent market activity
  • →Healthy trader participation
  • →Sustained depth and flow
  • →Quality signal over time
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 Leverage5×
  • 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 Treasury40%
Creator Rewards20%
Insurance Fund20%
Referral Rewards10%
Protocol Vault10%
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
BlockchainSolana
Token StandardSPL Token
CollateralUSDC Only
Margin ModeIsolated Margin
Trading Fee0.5%
Base Leverage10×
Max Leverage40×
Funding Cadence15 Mins
Trading EnginevAMM & DLOB
Pricing ModelIndex · Mark · Execution
LiquidationPartial → Full
Insurance FundActive From Day One
Market CreationAtomic w/ Token
OracleInternal TWAP + Index
Market ProgressionPrimary → Secondary
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