Pump.fun Accounted for 92% of Memecoin Launches in 30 Days

Pump.fun accounted for 92% of memecoin launchpad launches across all chains during the 30-day period ending Nov. 9, 2026, according to TokenPost figures. The Solana-based launchpad also accounted for 84% of launchpad trading volume over the same window.

The source does not disclose the trading-volume denominator, chain-level breakdown or launch-counting methodology. Its 84% figure therefore establishes reported dominance, not a complete measure of market depth.

What drives Pump.fun's revenue?

Revenue clustered around newly created and still-small tokens. Tokens less than 24 hours old generated 87% of protocol revenue, while trades involving tokens still on a bonding curve or with market caps below $250,000 generated 95%.

About three-quarters of that revenue came from tokens less than one hour old. The source does not publish cohort counts or median token outcomes, so revenue concentration does not reveal how many distinct tokens contributed fees.

Takeaway: Most of the revenue arrives before a token develops a sustained trading history.

How do the trading fees work?

Each bonding-curve buy or sell carries a 1.25% fee:

• Pump.fun receives 0.95% per buy or sell.
• The token creator receives 0.30% per buy or sell.

A buy followed by a sell therefore adds 2.5% in fees before any price change. The source does not explain whether rebates or other adjustments apply, so the stated 2.5% represents combined fees, not a net return for either side.

Takeaway: The figures indicate that repeated early trading matters more to Pump.fun's revenue than any single token becoming a large asset.

What do the largest token groups pay?

The source reports that tokens on a bonding curve or valued below $250,000 paid Pump.fun $506 million. It separately says 15 top tokens, with combined peak market caps of $1.4 billion, paid the platform about $1.5 million.

The $1.4 billion measures peak market capitalization, not cash paid to Pump.fun. The source does not specify the period covered by the top-token payment figure or confirm that both totals use the same revenue definition, limiting direct comparison.

Takeaway: Low-value token activity generated far more fee revenue for Pump.fun than its most highly valued launches.

How rare is a successful launch?

Few launches reached a $10 million market cap. In the fourth quarter of 2024, 207 of 3.16 million launches reached that level, roughly one in 15,300. In the third quarter of 2026, 24 of 3.05 million did so, roughly one in 127,000.

The proportional rate fell by about 88% between the two three-month periods, based on the reported counts. Those cohorts had similar launch volumes, but the later period produced fewer threshold successes.

TokenPost adds a separate cumulative measure. Across 24.4 million launches, 312 had market caps above $100,000 as of Nov. 9, 2026, about one in 78,000.

That figure uses a lower threshold and a point-in-time snapshot, so it cannot be compared directly with the $10 million cohort rates. The source also does not explain how it calculates market capitalization or at what moment it measures the figure.

Takeaway: Raw launch throughput and economic success moved in sharply different directions.

What does the dominance mean for market structure?

Operationally, Pump.fun functions as the market's default token-launch and fee-collection layer. Its 92% launch share and 84% volume share give it broad reach across chains, even though the underlying assets rarely crossed the source's larger success thresholds.

The launchpad can therefore monetize rapid creation and turnover without requiring most tokens to clear the source's $100,000 market-cap threshold. The figures suggest that this model depends on repeated transactions and early trader interest, but the source does not publish transaction counts or cohort retention.

The data also do not disclose how the launchpad defines a launch or report trading activity after the first day. Those omissions prevent broader conclusions about long-term token quality, although the fee totals clearly demonstrate monetization.

TokenPost says the new calculation adds a launch-success measure to its earlier coverage of Pump.fun tokens' post-launch trading activity. The next comparable 30-day period will show whether Pump.fun retains its 92% launch share and 84% volume share; those figures provide the clearest forward test of whether the market remains concentrated around one launchpad.