PumpFun has established itself as the dominant memecoin launchpad on the Solana blockchain, controlling approximately 73% to 91.8% of the market share in recent reports. It leads in new token launches, bonding, and active wallets, with weekly trading volumes reaching $4.68 billion. The platform has surpassed $800 million in cumulative revenue and holds a 62% revenue share over a two-week period. PumpFun also accounts for 27% of all weekly crypto buybacks, second only to Hyperliquid, with the two combined representing 84% of total weekly buybacks across the entire crypto market. Other notable launchpads include LETsBONKFUN, which holds between 13% and 13.7% market share, followed by BAGS, BELIEVE, METEORA DBC, and JUP STUDIO, which have significantly smaller shares. The memecoin market has seen rapid shifts from social-driven to launchpad-driven growth, with some traders achieving substantial returns on investments, highlighting the volatile and lucrative nature of the sector.