Ethereum

Pump.fun Seizes 80% Solana Launchpad Share, Surpasses Ethereum in Daily Revenue

18 hours ago
Bitcoin Ethereum News

Solana’s launchpad battle snaps back to life. Pump.fun, @pumpdotfun on X, surges. In the last 24 hours its volume share leaps to roughly 80%. LetsBonkFun slides to about 4%. Two weeks ago LetsBonkFun held an 80% share. That lead vanished fast.

The metrics don’t lie. Pump.fun now posts more 24-hour revenue than Ethereum did in the same window. It tops every other memecoin launchpad combined, by revenue, by volume, by token launches, by active addresses and by token graduates. Attention follows liquidity. Liquidity fuels more attention.

Buybacks amplify the effect. On August 12 the Pump.fun team ran a massive repurchase. According to Adam Tehc’s on-chain dashboard, that single-day buyback totaled $11.645 million. It was the second-largest one-day repurchase the project has executed. So far the protocol has bought back about 7.425 billion PUMP tokens at an average price of $0.0058, spending roughly $43.376 million in total. That average buyback price sits more than 40% above the current market price, a gap that underlines both the team’s commitment and the risk for late sellers.

Short data matters. CoinMarketCap snapshots give traders quick context. PUMP trades in the low fractions of a cent, a tiny unit price masking a big token count and a loud narrative. That shorthand, price + supply, is what moves attention from forums into wallets.

Scale shows up in graduations. Since Pump.fun launched 84 weeks ago, roughly 160,000 memecoins have graduated from the major Solana launchpads (Pump.fun, Bonk.fun and Bags). Graduation hasn’t slowed: 1,735 tokens graduated last week alone. Put another way, the catalogue of launched tokens grows fast. That growth implies an implied inflation in the number of graduated memecoins of just under 60% over the measured period.

Bitcoin And Memecoins, PumpFun Recent Dominance 

Context helps. Bitcoin’s early inflation rate once ran roughly 100%. But comparing the two is instructive, not definitive. Bitcoin units are fungible. Every BTC is identical. Each satoshi is the same as the next. Bitcoin’s supply schedule obeys a predictable algorithm. It ignores demand. It follows math.

Memecoins work differently. They are not fungible in the same way. Each token is its own market. Supplies differ. Communities differ. Tokenomics differ. Their “inflation” is social. New tokens appear when culture, hype, and attention make them relevant. That decentralized, culture-driven issuance produces wild variability. Some tokens spike and die. A few find homes and liquidity. Most do not.

That structural difference shapes risk. With Bitcoin you buy an identical asset that a broad market can price. With memecoins you buy stories, teams, and communities. Graduation counts, explosive buybacks, and sudden shifts in volume share reveal a market driven by attention cycles. Pump.fun’s recent dominance shows how a launchpad can centralize that attention, temporarily.

What to watch next. Track buyback flows. Watch active addresses and the pipeline of launches. Look at revenue versus fees and who funds buybacks. If buybacks come from sustainable fee yields, narrative can last longer. If they’re one-time treasury burns, the event is more brittle.

For now the headlines belong to Pump.fun. The data points line up: volume share near 80%, outsized 24-hour revenue, a major August 12 repurchase, and a relentless graduation pipeline. That combo creates momentum. It also creates fragility. In a market where token inflation is cultural and supply is bespoke, fortunes can flip fast.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Source: https://nulltx.com/pump-fun-seizes-80-solana-launchpad-share-surpasses-ethereum-in-daily-revenue/