btw in case you've never bothered to even look at their documentation, here is a full chart, using the figures directly taken from @Pumpfun 's fee documents, which shows just how much they are making on the bonding curve Vs graduation. a coin being traded on the bonding curve is generating some 19x more revenue for the protocol than anything post bond. as coins trade up to a roughly 10m mc valuation (based on current rough prices of sol at around 100 dollars), the only thing still decreasing in fees paid is money to the creators. this additionally creates even less incentives for communities to build as they get bigger. so in totality, if you didn't know, pumpfuns fee structure, as a revenue driving element, is 19x more efficient pre-bond, and coins that graduate off the bonding curve are 19x less appealing to pumpfun as a business, with creators of community based coins earning progressively less from fees as their coin trades higher, whilst pumpfun earn a flat LP fee of 0.2% no matter how high the coin trades.