Pump.fun Maintains Dominance in Token Launch Market Despite Memecoin Slowdown
Pump.fun continues to lead the token launch market, generating an average of $1 million in daily revenue even as the memecoin frenzy cools. The platform now commands 95% of daily token graduations—a process where new tokens gain enough liquidity to trade on decentralized exchanges like Raydium. Competitors such as LetsBonk, Believe, and Moonshot briefly challenged its position during the summer but have since fallen behind.
Data from Dune reveals a broader decline in daily graduations across all platforms, now hovering around 100, with trading volume stabilizing NEAR $100 million. This suggests waning interest in short-term memecoin speculation. Pump.fun's resilience highlights its strong user loyalty and network effects, even as monthly revenue dipped from $3 million to $1 million in September.
