PulseChain copied all of Ethereum — every wallet, token and contract — and gave it away free. The largest airdrop in history. Same code, same MetaMask, same dApps — running on gas that costs a fraction of a cent. It beat the SEC in federal court. And it burns itself scarcer with every block.
On May 13, 2023, PulseChain didn't just fork Ethereum's code — it copied Ethereum's entire live state. Every wallet balance, every ERC-20, every NFT — 50 million+ tokens — duplicated 1:1 onto a brand-new chain. Free. No claim, no tasks, no catch. Holders simply switched networks and there it was: a copy of everything they owned.
No blockchain in history has launched like that. PulseChain went live with a fully-populated economy on day one — millions of contracts and tokens already running. No cold start. No empty chain begging for builders. The whole Ethereum universe, mirrored — and from that first block, running on gas that costs a fraction of a cent.
In 2023 the SEC sued PulseChain and its sister projects for over a billion dollars. On February 28, 2025, a federal judge dismissed the case in full. The SEC let the deadline to refile pass — and walked away. It stands as the only SEC crypto enforcement action ever dismissed in its entirety by a federal court.
When the news broke, HEX jumped ~77% and PLS ~65% in twenty-four hours — a glimpse of just how hard the legal cloud had been pressing the whole ecosystem down. That cloud is gone. What's left is a battle-tested chain, free to grow.
The fees that drove millions of users away from Ethereum simply don't exist here. This isn't an optimization — it's a different category.
When a transaction costs a fraction of a cent, everything Ethereum priced out becomes possible again — microtransactions, on-chain gaming, high-frequency DeFi. Same Solidity. Same MetaMask (Chain ID 369). ~10-second blocks — faster than Ethereum. All the power, none of the toll booth.
PulseChain runs two deflation engines at once — one at the chain level, one at the ecosystem level. The more the network is used, the scarcer it gets. Usage is deflation.
Every transaction permanently burns its base fee (EIP-1559). Over 234 billion PLS destroyed forever since launch — and counting, with every block.
PulseX market-buys and burns its own token with 21% of every swap fee. ~8% of supply already gone — relentless, automatic, forever.
PulseX — the native DEX — has done $20.9 billion in lifetime volume: the 30th-largest DEX on Earth, and the only PulseChain-native protocol in the global top 30. Around it sits a complete, self-contained economy — 120,000+ tokens and a full DeFi stack that needs nothing from the outside world.
PulseChain wasn't sold. There was no VC cap table, no insider pre-sale, no ICO. Around 200,000 people sacrificed crypto to bring it into existence — a statement of conviction, not a purchase.
And in the middle of it, the community raised over $27 million in 19 days — roughly $20M in the first 24 hours alone — for the SENS Research Foundation's longevity science. The community calls it the largest charitable donation in crypto history. A chain that helped fund the fight against aging before it ever turned a profit.
~9 million HEX holders. 1.56 million PulseChain wallets. A founder — Richard Heart — with 350,000+ followers who evangelizes the chain daily. A culture of diamond hands and memes so devoted that members tattoo the ticker on their skin.
PulseChain isn't a project that happens to have a community. It's a community that built itself a chain — and it isn't going anywhere.
The regulatory cloud lifted, and the ecosystem went straight to work. 1,128 days of unbroken uptime. And a wave of new infrastructure landing in 2026:
Still trading deep below its all-time high — and the lawsuit that suppressed the whole ecosystem only closed in 2025. The chain the people built, free to grow at last.