Two new competitors have emerged in the pumpfun space, aiming to provide greater value to token holders. GoFundMeme ($GFM) launched on January 23, 2025, and has already reached $88 million in revenue, with a model that allocates 100% of fees back to GFM token holders. The second competitor, Pumpkin ($PKIN), has also entered the market, promoting a similar premise of returning value to users rather than concentrating profits among founders. The rise of these projects comes shortly after PumpFun set a new all-time high in daily revenue, raising questions about the future of token launchpads and their royalty structures. Observers have noted that these developments may signal a shift in the dynamics of the NFT marketplace, reminiscent of earlier trends in the industry.