PumpFun has emerged as the leading memecoin launchpad on the Solana blockchain, surpassing LetsBonkFun in multiple key metrics including 24-hour trading volume, revenue, token launches, graduated tokens, and active addresses. After losing the top spot to LetsBonkFun in early July, PumpFun reclaimed dominance by early August, capturing up to 63% market share according to JupPro data. PumpFun's 24-hour launchpad volume reached $514 million, compared to LetsBonkFun's $315 million. Despite PumpFun's lead in volume and revenue, LetsBonkFun maintains a higher graduation rate of tokens at 2.04%, compared to PumpFun's 0.73%. BagsApp has risen to become the third-largest revenue-generating protocol on Solana, overtaking Jup Studio and Believe. PumpFun has also actively deployed $1.69 million into community memecoins, contributing to significant price movements in several tokens. The competition among Solana memecoin launchpads remains intense, with PumpFun currently leading in overall market dominance.
DEFI: BAGS RANKS AS THE 3RD HIGHEST REVENUE-GENERATING PROTOCOL ON SOLANA OVER THE LAST 24 HOURS. Source: @DegenerateNews https://t.co/JkrgvmHPHS https://t.co/W0oUZA9IQw
NEW: BAGS BECOMES 3RD LARGEST REVENUE-GENERATING PROTOCOL ON SOLANA IN THE PAST 24 HOURS https://t.co/Q2w1kbrgXO
🚨NEW: Memecoin Launchpad @BagsApp has become the 3rd largest revenue-generating protocol on @Solana in the last 24 hours. https://t.co/0HVTdegH5O