Pump.fun Strengthens Its Lead in a Declining Market

Pump.fun regains dominance with a 95% share in token graduations.

The platform for launching meme tokens, Pump.fun, has regained its dominant position in the market, capturing a 95% share in the “token graduations” segment.

During the summer, competitors such as LetsBonk, Believe, and Moonshot challenged its position.

“Graduation” refers to a new token achieving sufficient liquidity to be listed on decentralized exchanges like Raydium. This metric reflects genuine interest in the asset, rather than merely its creation.

Overall activity on launchpads has decreased in recent months. The total daily volume is around $100 million, with approximately 100 tokens graduating. This may indicate a shift in investor focus away from meme coin speculation.

Despite the downturn, Pump.fun generates about $1 million in daily revenue. In September, this figure was $3 million.

At the time of writing, $259.62 million is locked in the protocol.

On September 15, the trading volume on Pump.fun reached $1 billion for the first time since July.