tl;dr
Token launchpad Pump.fun has been responsible for approximately 70% of all transactions on the Solana network over the past two days. Its Saturday dominance is the highest since the platform disabled its controversial streaming feature in November. Over the past week, Solana (SOL) has climbed 12%, p...
Token launchpad Pump.fun has been responsible for approximately 70% of all transactions on the Solana network over the past two days. Its Saturday dominance is the highest since the platform disabled its controversial streaming feature in November. Over the past week, Solana (SOL) has climbed 12%, partly due to its meme coin trenches. Pump.fun is the go-to spot for creating, buying, and selling meme coins, with over 5.5 million tokens created on the platform in its year lifetime. On Saturday, Pump.fun accounted for 71.1% of all tokens created on the Solana network and 69.5% on Sunday. The protocol’s dominance is due to its low entry barrier, allowing users to create a token in minutes, regardless of technical or financial abilities.
Pump.fun has accounted for 56.2% of all transactions on Solana decentralized exchanges this month, despite only 1.21% of its created tokens being listed. Out of 5 million tokens created on Pump.fun, 427 remain above $1M market cap. This dominance isn’t new for Pump.fun, as it previously recorded over 70% dominance when its livestreaming feature was active. After the feature was removed, Pump.fun's dominance retracted to 53% by December 17 but has since risen.
Additionally, Pump.fun has become a breeding ground for AI, with AI agents creating tokens on the platform. Despite the removal of livestreaming, Pump.fun has brought in over $79.94 million in monthly revenue, surpassing Tron (TRX) and Bitcoin (BTC) in revenue.
The platform’s dominance then retracted to 53% by December 17, spending most of the month in the 60s—momentarily hitting 71% on December 27. With its roots in degeneracy, Pump.fun has lately become the breeding ground for the latest evolution in artificial intelligence . With AI agents creating tokens on the platform as a way to brand itself, raise money, and reach a wider audience. As such, the launchpad’s success hasn’t waned after livestreaming was dropped.