Catenaa, Sunday, October 26, 2025- Pump.fun has reestablished itself as the leading token launchpad, now commanding 95% of daily token graduations, even amid a broader slowdown in the memecoin sector.
The platform reportedly generates about $1 million in daily revenue, down from $3 million in September but notable given current market conditions, according to The Block’s Data & Insights newsletter.
Token graduation occurs when newly launched coins achieve sufficient liquidity to move from launchpads to established decentralized exchanges such as Raydium, providing a key metric of market traction.
Despite overall launchpad activity contracting, with total volume around $100 million and roughly 100 tokens graduating daily, Pump.fun has maintained its user base and engagement, underscoring the platform’s network effects and resilience.
The launchpad model has expanded beyond Solana, with competitors like four.meme on BNB Chain demonstrating that token creation frameworks can work across multiple blockchain ecosystems.
Yet, Pump.fun’s continued dominance suggests it benefits from superior discovery mechanisms, liquidity management, and community retention, creating meaningful competitive advantages that rivals may struggle to overcome.
While speculative interest in memecoins has cooled, Pump.fun’s performance highlights the platform’s entrenched position as the primary infrastructure for token launches within its niche.
Analysts note that this resilience may allow the platform to remain a key player even as market cycles fluctuate.
