- Pump.fun controls 95% of the daily token graduation market share.
- The platform generates around $1 million in daily revenue.
- Over 100 tokens graduate daily across all launchpad platforms.
- Daily launchpad volume has dropped to around $100 million.
Pump.fun has reclaimed its position at the top of the token launchpad sector, driving around $1 million in daily revenue, even as the broader market experiences reduced activity. With 95% of token graduation volume now coming from its platform, Pump.fun continues to lead the memecoin creation space, far outpacing competitors and maintaining strong user engagement during the current slowdown in speculative crypto activity.
Pump.fun Regains Market Share as Competitors Lose Momentum
Pump.fun has reestablished a near-monopoly in the token graduation market, now controlling 95% of daily activity. Earlier in the year, platforms like LetsBonk, Believe, and Moonshot challenged its dominance. However, those gains have since faded.
Token graduation measures how many newly launched tokens reach enough liquidity to trade on major decentralized exchanges such as Raydium. This metric tracks which platforms create tokens that attract real user interest. It also indicates which launchpads maintain traction in a slowing market.
The daily average of graduating tokens across all platforms is now about 100. Total token graduation volume is hovering near $100 million, a sharp decline from peak activity earlier in the year. This slowdown reflects lower overall interest in memecoins and reduced speculative demand in the broader crypto sector.
Revenue Drops but Still Strong Amid Market Contraction
Pump.fun’s daily revenue has fallen from $3 million in September to around $1 million in October. Despite this drop, the platform remains profitable. It also continues to outperform all rivals in the space, holding its leadership through ongoing market uncertainty.
This revenue comes from fees paid during token creation and trading. Even with fewer active users, the platform’s network activity remains strong enough to support consistent income.
The launchpad model is still expanding, with new platforms on other chains like four.meme on BNB. These platforms are trying to recreate Pump.fun’s model outside the Solana ecosystem, but none have matched its user retention or daily volume.
Platform Stickiness and Community Engagement Drive Resilience
Pump.fun’s ability to hold user attention during market downswings has helped it maintain its lead. Many users continue to launch and support tokens despite slower market conditions. The platform’s design encourages ongoing participation and quick token discovery, keeping creators and buyers active.
The large user base and network effects give Pump.fun an edge. New projects benefit from early liquidity and visibility, which smaller competitors cannot always provide. This helps maintain a cycle where more creators choose Pump.fun over other options.
A key part of its stickiness is how tokens can be easily graduated to decentralized exchanges once liquidity levels are met. This process helps new projects grow faster, making the platform a preferred starting point for many memecoin creators.
Outlook for Launchpads and Memecoins
While total launchpad volume has declined, Pump.fun’s performance shows that the token launch model still has demand. The fall in speculative activity has affected the number of new tokens and users, but Pump.fun remains the main driver of graduated tokens.
Other platforms are trying to compete with new features or by targeting smaller niches. However, the gap between them and Pump.fun has widened. The current market structure suggests that Pump.fun has strong momentum that may be hard for others to match in the near term.
The platform’s ability to generate tokens that reach real trading markets, even during a slower period, sets it apart in the sector. Its strong community and efficient token launch system have allowed it to stay ahead of rivals.
