What is a bonding curve? The math that launches every memecoin
The post What is a bonding curve? The math that launches every memecoin appeared on BitcoinEthereumNews.com. Every token launched on Pump.fun, every fair-launch memecoin, and a surprising share of DeFi’s core machinery runs on the same idea: a mathematical formula that sets a token’s price from its supply, with a smart contract as the only market maker. This guide explains how bonding curves actually work, the worked math of buying up a curve, the graduation model that industrialized token launches, the sniper and bundler attacks that exploit it, and where the elegant idea breaks. Summary Bonding curves use a mathematical formula to set token prices based on supply, allowing tokens to launch without order books or external market makers. Platforms such as Pump.fun use bonding curves to bootstrap liquidity before moving successful tokens into automated market maker pools through a graduation process. While bonding curves make token launches transparent and permissionless, they remain vu