What is a launchpad in crypto?

Launchpad: A site where anyone can create a new token in a minute, such as pump.fun, LaunchLab (bonk.fun) or Meteora DBC.

A new token first trades on the launchpad's bonding curve: the more people buy, the higher the price. When enough money is in, it graduates to a normal DEX pool. Total launchpad volume is the best thermometer of how busy the meme coin market is.

Example

pump.fun handles most Solana launchpad volume; bonk.fun runs on Raydium's LaunchLab.

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What is a launchpad in crypto?

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