Go where the fees flow.
CURRENT is a liquidity router. Deposit once and it spreads your money across launch pools on six venues, then keeps it moving toward wherever traders are paying the most to swap. You earn a share of those fees.
Drop in
Enter an amount in dollars and pay in SOL or ETH, one transaction. Nothing is locked — take it out whenever you want.
Ride the current
Your money is split across six venues on Solana and Robinhood Chain, weighted toward whichever are earning most. Rechecked every 15 minutes.
Collect the fees
Every swap in those pools pays a fee and you take a cut. You're paid on trading activity, not on whether the coins go up.
Where your money flows
——
Deposit
no lock-up — take it out whenever you want—
Every figure here is a year's worth at today's rates. Rates move constantly — the last 30 days are on the Analytics tab.
What each venue pays
a year's worth of fees on your money, before and after costsVenues
—| Venue | Fees 24h | Fees 7d | Fees 30d | Liquidity | Fees APR | You keep | Share of your money |
|---|
You haven't deposited anything yet
Put something in on the Overview tab and this page fills up: what you've earned so far, where it's sitting, buttons to take the money out, and a comparison against simply picking one venue and leaving it there.
Your position
simulated — one second here is one hourHow this would have gone
your deposit over the last 30 days, against simply picking one venue and leaving itFees traders paid
per day, stacked by venueWho's taking the fees
share of the last 30 daysSpeeding up or slowing down
yesterday vs. its own 30-day averageHow the money flowed
last 12 hours · one column per 15-minute check · simulatedHow the split moved
share of your money each dayFee history
what traders paid at each venue, day by day · underneath, the share of your money it held that dayWhat this actually is
When someone launches a new coin, it needs a pool so people can trade it. Every trade through that pool pays a fee, and a slice of that fee goes to whoever put up the liquidity. CURRENT is a way to be that person across a lot of pools at once without picking them yourself.
You deposit once. CURRENT spreads the money across launch pools on six venues — five launchpads, plus PumpSwap, the exchange where pump.fun coins go after they graduate — checks every fifteen minutes which ones are actually earning, and shifts the money toward those. You can take it out whenever you like.
The catch is real and it is explained below: being a liquidity provider on a newly launched coin means you are also absorbing that coin's price swings, and those swings can cost you more than the fees pay. Read the risks section before you take any of the numbers on this site as a promise.
The four rules
that is the whole system — there is no voting, no discretionMoney flows to what's earning
Each venue's share is based on how much it pays and how deep its pools are. Deeper pools count for less than their size suggests, because your own money waters down the return you came for. Under Best after costs the yield is also divided by the venue's variance, which buys return per unit of risk instead of raw return. No venue gets more than half, and there is no minimum share — a venue is left out only if it would lose money, never for being small.
It follows the trend, not just the level
A venue's share is scaled by yesterday's fees against its own 30-day average. Running hot earns a bigger share, cooling off loses one, and anything below a quarter of its usual day gets nothing until it recovers. This is what catches a venue dying — waiting for its fees to reach zero means sitting through the whole decline first.
It only moves when moving is worth it
Every fifteen minutes CURRENT compares what it would gain by shifting money against what the trades and network fees would cost. If the mix is less than 0.9% away from where it should be, nothing happens. Most checks do nothing at all, which is the point — a system that constantly reshuffles hands your earnings to the exchange.
Earnings go back in automatically
Fees collected are put straight back to work in the same proportions, so the position grows without you approving anything. Your original deposit is never moved out from under you. When you withdraw, the deposit and anything unclaimed come back in a single transaction — no waiting period, no queue.
The maths
every number on this site comes from these four linesWhat a pool actually pays you
When a launchpad reports its fees, that figure is everything it collected — the platform's share, the coin creator's share and the liquidity providers' share all added together. Only the last of those reaches you, so it gets applied first:
That first term does most of the work and it is an assumption, not a measurement. Venues report total fees; they do not report how much reaches liquidity providers. On PumpSwap's canonical pools the LP slice is zero — the fee goes to the coin's creator and the platform. The figures here assume between 8% and 18% reaches LPs, depending on the venue, which is why the yields land between 10% and 55% a year rather than the triple digits a naive reading of the fee totals would give.
That first number matters far more than it looks. On some PumpSwap pools the liquidity providers' slice is zero — the whole fee goes to the coin's creator and to the platform. So a venue can report enormous fees and still pay you almost nothing. Whenever you see a big fee number anywhere in crypto, this is the question to ask about it. The share assumed for each venue is on the Venues tab, and it is an assumption, not a measurement.
How the split is decided
There is deliberately no lower bound. An earlier version skipped anything under 4%, which sounds prudent and isn't: it once threw out Meteora DBC at a moment when it was paying more after costs than PumpSwap, purely because Meteora is smaller. CURRENT pools everyone's deposits and rebalances the total, so the cost of holding a small position is shared rather than paid per depositor — which means "too small to be worth holding" is a question about the whole vault, not about your deposit, and at vault scale it never binds.
The difference between the two lines is the ÷ σ². Subtracting impermanent loss alone barely moves the book, because the venues paying most are usually the ones moving most and the two effects cancel. Dividing by variance is mean-variance weighting — the standard way to buy return per unit of risk — and it is what actually pulls the money toward calmer pools. You can see the gap in the "volatility held" figure on the two cards at the top of the Overview.
What's actually left for you
The impermanent loss figure is the one number here that is not measured. It comes from the standard result for a constant-product pool — the annualised drag is roughly the position's volatility squared, divided by eight:
Each venue is a basket of many pools held with continuous rebalancing, so the volatility used is the basket's — far below any single launch, where 200%+ is ordinary. It is a trailing figure, which is the weakness worth knowing about: in a bad month realised volatility runs well above it while fees do not rise to compensate, so the estimate is too low exactly when it matters most.
None of this is a floor. On a coin that goes straight up or straight to zero, the realised loss is worse than any of these figures.
When it decides to move money
Most of the time that sum comes out negative and nothing moves. That is the design working, not failing.
What the real numbers say
including the parts that argue against thisThe real numbers behind this site say three things that don't flatter the idea.
- Two of these rows are the same company. PumpSwap isn't a launchpad at all — it's the exchange where pump.fun coins trade once they graduate off the bonding curve, and DefiLlama lists pump.fun as its parent. Together they took $7.2M of yesterday's $9.3M in fees, so 78% of everything here comes from one operator. Spreading across six venues is less spreading than it sounds.
- The biggest launchpad isn't on Solana. Pons, on Robinhood Chain, collected $146M in fees over the last 30 days — more than PumpSwap's $103M and roughly three times pump.fun. Anything that only covers Solana misses the single largest source of fees in the whole category. That's why this one works across both chains.
- Very little of that money reaches liquidity providers. Pons puts around 80% of its share into buying back and burning its own token, and some PumpSwap pools pay providers nothing whatsoever. The headline fee number is not your income, and the gap between the two is the single biggest reason to be sceptical of any yield figure in this space — including the ones on this site.
- These places die fast. Bags took in $1.46M in fees on a single day, 25 August, and has averaged about $11K a day over the 30 days since — $3,972 on 27 September, down more than 99%, far enough that it now loses money after costs. Heaven and boop.fun haven't earned anything in 30 days. All three have been dropped from the list, because a venue that cannot win a share of the money is not worth showing. Anyone who picked Bags a month ago and left it there rode the whole way down.
And one caution that undercuts the pitch. These venues don't rise and fall independently. In the week to 27 September, StonkFun's daily fees fell from $1.81M to $0.53M and BONK.fun's from $671K to $202K — the smaller Solana launchpads cooled together, so spreading across them spreads less risk than it looks. The chain boundary helps, because Pons runs on its own cycle rather than the Solana memecoin one, but that cycle turns too: Pons took in $11.4M on 5 September and $1.31M on 27 September.
That is what the momentum rule is for. Each venue's share is scaled by yesterday's fees against its own monthly average — the same ratio the "speeding up or slowing down" chart shows — so money starts leaving a venue while it is still cooling rather than once it has stopped. On today's numbers that pulls weight out of Pons, which is running at 0.27× its usual day, and pushes it toward PumpSwap at 1.47×.
Ways you lose money
- Most launched coins go to zero. Only around 1.5% of them ever reach lasting liquidity. CURRENT holds pools rather than coins, but when a coin dies its pool stops earning and you're left holding the worthless half of it.
- None of this is built. No contracts are deployed, nothing has been audited, and the routing you see is a simulation sitting on top of real market data.
- The venues set the fees and can change them whenever they like. pump.fun has rewritten its fee rules more than once already. If a venue cuts the providers' share, your earnings drop that same moment and nobody asks you first.
- It's only as good as the numbers it reads. A venue can fake trading volume cheaply, and a faked fee number would pull your money straight into it. Checking fees against unique wallets would catch that; it isn't in this prototype.
- Half the liquidity figures are guesses. Most of these venues don't publish how much liquidity they hold, so those numbers are estimated — and every rate calculated from one inherits that uncertainty. They're marked with a hollow dot on the Venues tab.