Pump.fun Reasserts Dominance in Token Launch Market Amid Broader Slowdown
Pump.fun has solidified its position as the leading platform for token launches, generating approximately $1 million in daily revenue despite a broader market cooldown. The platform now commands 95% of the daily token graduation market share, a metric that tracks successful transitions of new tokens to decentralized exchanges like Raydium.
Competitors such as LetsBonk, Believe, and Moonshot have failed to sustain earlier challenges to Pump.fun's dominance. The platform's resilience highlights its grip on the memecoin creation space, where it continues to attract significant user engagement even as speculative activity wanes across the crypto sector.
Daily graduation volume across all launchpads has dipped to around $100 million, with an average of 100 tokens graduating each day. This downturn reflects broader market trends but underscores Pump.fun's ability to maintain momentum where others falter.
