The Pump.fun platform has once again strengthened its position in the token market despite a slowdown in activity. According to analysts, it controls about 95% of all new launches and generates around $1 million in daily revenue, making it the de facto monopolist in the memecoin niche.
Almost complete domination
According to The Block, Pump.fun regained its leadership after a period when competitors like LetsBonk, Believe, and Moonshot tried to reclaim market share. Today, the platform is responsible for almost the entire volume of “launches”—tokens that reach the required liquidity and move from launchpads to decentralized exchanges such as Raydium.
This metric is considered the main indicator of token viability: it shows which projects actually find demand and which ones get lost after launch.
Launchpad activity is declining
The new token market is experiencing a downturn. The total transaction volume has dropped to $100 million, and the number of tokens reaching the liquidity stage has decreased to about 100 per day. This indicates a decline in interest in memetoken speculation, which caused a frenzy at the beginning of the year.
Nevertheless, Pump.fun managed to remain resilient: the platform’s revenue fell from $3 million in September to $1 million a day, but even this level is considered high amid declining activity.
Network effect and user loyalty
Experts note that Pump.fun retains its audience thanks to a simple interface, an active community, and a well-designed user interaction system. These factors have provided the platform with strong network effects and high engagement, even as the market cools down.
In addition, the launchpad model has spread beyond the Solana ecosystem. Similar platforms, such as four.meme on the BNB network, show that the format of creating and promoting tokens is becoming a cross-chain trend.
Advantages that are hard to replicate
Pump.fun’s lead over competitors points to significant advantages—from token search and filtering mechanisms to deep liquidity and a resilient community. All this makes the platform’s position almost unattainable for newcomers, even if interest in memetokens rises again.
What’s next?
If the altcoin and memetoken market recovers, Pump.fun has a chance not only to maintain its leadership but also to expand its business model, turning into a universal platform for token launches. For now, it remains the main player in this segment and an example of how product resilience can survive a market downturn.
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