> ## Documentation Index
> Fetch the complete documentation index at: https://hatch-6c4c84b8.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Hatch vs Pump

<Tip>
  Welcome to the "Prop AMM" moment of token launchpads
</Tip>

|                                          | 🐣 Hatch                                          | 💊 Pump                                             |
| ---------------------------------------- | ------------------------------------------------- | --------------------------------------------------- |
| Liquidity<br />(For Traders)             | Deep: smooth trades                               | Thin: fragile charts                                |
| Liquidity Position<br />(For Dev & LPer) | Active, high-frequency, precise                   | Passive, diluted                                    |
| Price rally                              | Liquidity remains thick<br />as token price rises | Liquidity gets thinner<br />as token price rises    |
| Trading UX                               | Transparent order book                            | Blind bonding curve                                 |
| Fee generation                           | >10x more                                         | Small, negligible                                   |
| Liquidity Provider<br />(LP) access      | Immediately after launch                          | Bottleneck until LPer <br />pays pool creation cost |
| Token attention<br />& discoverability   | Instantly on screeners                            | Instantly on screeners                              |