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rlyfun (styled rly.fun) is a permissionless meme-coin launchpad on Radix. Anyone can mint a token against a bonding curve; if the token attracts enough buying to reach a fixed market-cap threshold, its liquidity is migrated automatically to Ociswap and permanently locked. The platform describes itself as being "in beta as features are being fine tuned" and labels its own code "Alpha V0.01".

It was already being singled out as a project to watch by the end of its first month: Shardspace's Breakout 2024 review, published 30 December 2024, named "EarlyQuest and now rly.fun" as the community projects with breakout potential. Several tokens with their own pages on this wiki launched through it, including ASCENT, Reddicks' DCKS, and Radix $BlueBalls.

Bonding curve and graduation

Every coin launched on the platform has a fixed supply of 1 billion tokens. Per the platform's own documentation, 800 million are sold into the public bonding curve and 200 million are reserved for an Ociswap precision pool. Price on the curve "rises exponentially as the token supply available decreases".

The curve completes — the platform's term is graduate — at a market capitalisation of 690,000 XRD, which the site states requires roughly 240,000 XRD of inflow. On graduation, liquidity migrates to Ociswap at a market cap of about 1.1 million XRD with 400,000 XRD of liquidity, and that liquidity is "perma-locked and can never be rugged". Creators can subsequently claim the LP fees their graduated pool earns from their account page.

Fees and $EARLY buybacks

The platform publishes its fee schedule directly: a 0.9% buy fee, a 1% sell fee, a 1% graduation fee and a 2.5% dev reward, with the caveat that fees "may adjust over time based on activity". Unusually for a launchpad, the proceeds are not retained: after covering servers, IPFS hosting and other running costs, all XRD profit is used to buy back $EARLY on the open market. The site states these buybacks are performed manually and without prior announcement to avoid front-running, with an automated system listed as in development.

The platform's bridge — for moving value in from Solana, Bitcoin and Ethereum — is operated by Astrolescent rather than by rlyfun itself.

Scale

Read on 5 August 2026, the site's own header reported 1,195 coins launched, with total value locked of 26.6M and cumulative volume of 51.0M. The two aggregate figures carry no unit on the page; the platform quotes individual market caps, its graduation threshold and its live trade feed in XRD, so they are most plausibly XRD-denominated. Individual listings on the same snapshot ranged up to roughly 200k market cap, and the most-traded coins showed cumulative volumes near 1M.

Risk and caveats

The platform is explicit about its own maturity. Its documentation states the code is "alpha (v0.01) and not audited". Its anti-sniping measures are deliberately undisclosed — "not made public to prevent circumvention" — so their effectiveness cannot be independently assessed. Profit-and-loss figures shown to users account for bonding-curve pricing but not transaction fees, which the site says may skew displayed results by up to 1.9%.

Each coin is reachable at a short URL derived from its ticker (for example rly.fun/WOOF); the platform warns that these are case-sensitive and that duplicate tickers are disambiguated by a numeric suffix (rly.fun/WOOF-2), both of which it flags as scam vectors. As with any permissionless launchpad, listing on rlyfun implies no vetting of the token or its creator.