MemeCoin Launchpad Pump. Fun saw a decline in revenue by more than 90% in the midst of a decline in its market share.
Summary
- Pump.fun revenue dropped more than 90%.
- Bonk-operated Letsbonk Memecoin dominates the launchpads.
Solana-based (Sol) Memcoin Launchpad Pump. Fun (pump) rapidly losing its main position in Memcoin Launchpad Space. On Friday, August 1, the price of pump tokens declined by 15%to $ 0.002495 to $ 0.002495 before $ 0.002495. While the drop coincides with a decline in the wider market, it also reflects the pump.
No, the daily fee of pump. Fun was $ 316,000 on 1 August. It is a symbol of a decline of 95% from all -time high in daily revenue of $ 7 billion on 23 billion dollars.
At the same time, pump.fun experienced a significant decline in market share. At the end of July, its revenue portion fell from 88% to just 19%, which increased from 25% to about 78%. Pump.fun is also losing land in the number of daily memecoin launch, now leading the category with Latbonac.
Pump.fun incursesingly losing out
Pump.fun’s revenue stake has declined despite recent efforts with the intention of expanding its ecosystem and the intentions of the creators. In May, pump.fun introduced a 50% revenue share share model, allowing the creators to earn a part of the trading fees generated on the platform. On 20 March, pump.fun also launched its owl decentralized exchange, pumpswap to capture additional fees revenue.
Latsbone is a Solana-based Memcoin Launchpad made by the team behind the Bonak Memcoin. Bonak Solana is one of the largest memecoin on the network, supported by a strong communit. Since its launch in April, Latsbone has offered a 60% revolution share and distributed fees to token players.