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bul.fun is a token launchpad on HyperEVM where every token trades against a real asset — BTC, gold, the S&P 500, NVIDIA, PURR — instead of a bare native-coin pool.

That pairing is not decoration. The pool that opens at launch holds your token against the asset you chose, so every trade prices your token in that asset, and every trading fee the pool earns is collected in that asset.

Liquidity is locked permanently the moment the market opens. Nobody — not the creator, not the platform — can pull it.

Pick a name and ticker, choose the asset to pair against, choose a fee model, pay the launch fee in HYPE. One page, one transaction.

The launch happens in two phases. Your transaction reserves the token and its deterministic address instantly; within about a minute, the platform keeper opens the market in a HyperEVM big block — creating the pool at the asset's live price and locking the liquidity position forever.

The opening price comes from a real market: HyperCore order books for book-traded assets, time-weighted averages from DEX pools for the rest. Never from a number a creator typed in.

Standard — the pool's trading fees are split between the creator and the platform. You launch it, you earn from every trade, claimable any time from the token page.

Reward — the holders are paid instead. Trading fees are converted and credited to every holder, pro-rata, in the paired asset. Hold a token paired with NVIDIA and you accumulate wNVDAx; paired with BTC, you accumulate BTC.

The platform keeps its share in both models. The split is on-chain configuration, readable by anyone.

Rewards accrue automatically — every trade updates what you are owed, to the wei, with nothing to stake or register. They are not pushed to your wallet: you claim them.

Two places to do it: the Claim panel on any reward token's page, and the coins pill beside your wallet button, which appears whenever the connected wallet has anything unclaimed, anywhere, and lets you claim it on the spot.

Unclaimed rewards never expire and never stop being yours. Selling your tokens stops future accrual but touches nothing already credited.

You can pay with HYPE even though tokens trade against their paired asset: the trade routes through the asset automatically, in one signature, through the token's own Project X pool.

When the paired asset's market lives on another venue, routing goes through the LiquidSwap aggregator — across HyperSwap, Kittenswap and the rest — still as a single transaction where possible, or as two clearly-labelled steps when not.

Every pool's liquidity is locked. What you see quoted is what the pool itself will honour — there is no admin key that can pull the floor out.

Crypto — bridged majors: BTC, ETH, SOL, and more. Currencies — stablecoins and tokenized gold (Tether Gold, ~$800K/day of book depth). Stocks — Backed's wrapped xStocks: NVIDIA, the S&P 500, the Nasdaq-100, SK Hynix, Micron, plus SpaceX pre-IPO. Memes — PURR, JOFF, JEFF and the rest of HyperEVM's finest.

Every listed asset is priced by the platform keeper from its real market — order books read on-chain through precompiles, or time-weighted DEX averages — and refreshed continuously. An asset whose market cannot produce an honest price is simply not offered.

Everything the site shows is available as JSON, no key required: /api/public/v1/tokens for the full token list with metadata and market data, /api/public/v1/pairs for the paired assets, /api/public/v1/stats for platform totals.

Building on it? The data updates on the same clock the site does.