What is nad.fun? Monad's memecoin launchpad
The Editor·7 min read·Updated 31 Aug 2026
What is nad.fun: Monad's bonding-curve launchpad, graduation at ~225,000 MON and 80% of supply, creator fee vaults — and the fees it does not publish.
nad.fun is a bonding-curve memecoin launchpad on Monad. Tokens trade on a curve until roughly 225,000 MON has been collected and about 80% of supply has been sold, at which point the token migrates to a decentralised exchange. Its creation fee, trading fee percentage and migration target are not published in its reachable documentation.
That last sentence is the important one, and most pages about nad.fun quietly invent numbers to fill the gap. This one does not.
How the nad.fun bonding curve works
The model is the familiar one. A creator deploys a token, the contract mints a fixed supply, and the token is priced by a bonding curve rather than an order book: buys move the price up along a fixed mathematical path, sells move it back down, and every trade settles against the curve rather than against another trader. There is no liquidity pool in the ordinary sense while the token is on the curve, which is why the price cannot gap and why there is always a bid. What a bonding curve is and how launchpad pricing actually works covers the mechanism in general; nad.fun's implementation follows it.
What is specific to nad.fun is the graduation condition, and it is stated in two parts rather than one. The curve completes when approximately 225,000 MON has been collected and roughly 80% of the token's supply has been sold. At that point the token migrates to a DEX — what graduation actually means on a launchpad explains what changes for holders at that moment and what does not.
Because MON is the unit, the dollar value of the graduation threshold moves with MON. Anyone quoting nad.fun's graduation market cap in dollars is converting at a moment in time and should say so. We are not going to print a figure that will be wrong by the time this page is indexed.
Creator fee vaults
The distinguishing product feature is that creators can direct portions of trading fees to supported vaults rather than simply taking them as income. This puts nad.fun in the same broad family as the creator-fee launchpads that took share through 2025 and 2026 — the pitch being that a creator has an ongoing revenue stream tied to their token's trading activity rather than only an allocation to sell.
It is worth being clear about what that does and does not solve. A fee stream gives a creator a reason to keep working after launch, which is a real improvement on the pure allocation model. It does not stop them selling their allocation as well, and it does not make the token's holders any better off if the volume stops. Fee-routing is an alignment improvement at the margin, not a structural protection.
What nad.fun does not publish
Three parameters that a reader will reasonably want, and that we could not find stated in nad.fun's reachable documentation as of 31 August 2026:
| Parameter | Status |
|---|---|
| Token creation fee | Not published |
| Trading fee percentage | Not published |
| Migration DEX target | Not published |
Do not assume these match pump.fun's, Four.meme's or anyone else's. Comparable venues charge in the region of 1% to 1.25% on the curve, but that is a market range, not evidence about nad.fun.
How to check for yourself: connect a wallet, begin a creation or a small trade, and read the transaction preview in your wallet before signing. The wallet shows you the actual value transfer and gas, which is the only figure that binds. On the migration target, watch a token that has already graduated and follow the migration transaction in a block explorer to see which pool the liquidity landed in. nad.fun's documentation lives at nad-fun.gitbook.io and a Dune dashboard exists for on-chain activity — both are better sources than any listicle.
How big is nad.fun
Small, and we can only tell you that qualitatively. nad.fun has no DefiLlama protocol page we could locate as of 31 August 2026, which means no independently tracked fee, revenue, TVL or volume series exists to cite. Every launchpad of consequence in 2026 — pump.fun, Pons, Flap.sh, Bags, Four.meme — is tracked there. Absence from that dataset is not proof of nothing, but combined with the near-total lack of independent coverage, the reasonable inference is that nad.fun operates at a scale well below the venues that appear in the comparison of every major launchpad in 2026.
The wider context supports the same read: memecoin issuance in 2026 consolidated onto Solana and Robinhood Chain, with BNB Chain a distant third and everything else rounding to noise. Monad is in the "everything else" group. If you are launching there, you are choosing a chain for reasons other than existing liquidity — and you should know that going in. The practical steps are in how to create a memecoin on Monad with nad.fun.
What this page does not tell you
We have verified nad.fun's core mechanism — bonding curve, the ~225,000 MON and ~80% supply graduation condition, and creator fee routing to vaults — against its own documentation. We have not verified its fees, its migration destination, its volume, its graduation rate or its contract security, because no reachable source states them.
We have not seen an audit of nad.fun's contracts and are not asserting one does or does not exist. Treat any unaudited launch contract as carrying tail risk you cannot price. Four.meme, a much larger venue, was exploited twice in 2025 for a combined ~$263,000; smaller venues are not automatically safer, they are usually just less examined.
Nothing here is a view on Monad as a chain or on any token launched on it.
Frequently asked questions
What are nad.fun's fees?
Not published in its reachable documentation as of 31 August 2026 — neither the creation fee nor the trading fee percentage. Comparable bonding-curve venues charge roughly 1% to 1.25% on trades, but that is a market range and not evidence about nad.fun. Check the transaction preview in your wallet before signing; that is the only figure that binds.
When does a nad.fun token graduate?
When approximately 225,000 MON has been collected on the bonding curve and roughly 80% of the token's supply has been sold. Both conditions are stated together in nad.fun's documentation. Because the threshold is denominated in MON, its dollar equivalent moves with MON's price, so any dollar figure you see is a snapshot.
Which DEX do nad.fun tokens migrate to?
nad.fun's reachable documentation does not name the destination, and we will not guess. The reliable way to find out is to look up a token that has already graduated in a Monad block explorer and follow the migration transaction to see which pool received the liquidity. That gives you the answer for the current version of the contract.
Is nad.fun bigger than pump.fun?
No, by a very large margin. pump.fun did $45.81 million in fees over 30 days as of 31 August 2026 and holds the large majority of Solana token issuance. nad.fun has no DefiLlama presence at all, which puts it below the threshold at which independent trackers bother. Assume a small fraction of the activity.
Is it safe to launch on nad.fun?
We cannot tell you that. We have found no public audit and no incident history either way, which means the absence of known problems reflects a lack of scrutiny rather than a clean record. The general rule holds: a launch venue's contracts are one risk, and the token you or someone else launches on it is a completely separate and usually larger one.
Lock the liquidity, wherever the token launched
A bonding curve handles liquidity for you until graduation, and after that the question every buyer asks is whether the pool can be drained. Team Finance, built by TrustSwap — which also builds Meme Central — locks LP tokens for a fixed term on Ethereum, Robinhood Chain, Polygon, Base and BNB, and the lock shows as a verified badge on the token's page in the Meme Central feed. Check its chain coverage before you plan around it, and remember a lock does nothing about a creator selling their own allocation.
Nothing here is financial, legal or tax advice. Memecoins are extremely high-risk: most lose most of their value, and the majority of tokens launched never reach a decentralised exchange at all. Never spend money you cannot afford to lose entirely. Meme Central does not recommend any specific token. Data described as Meme Central's own reflects tokens indexed by Meme Central and is not whole-market data.
