Pump.fun has regained its leading position in the Solana memecoin launchpad market, capturing 62% of the revenue share between August 4 and August 17, 2025, according to recent on-chain data and market analysis [1]. During this two-week period, the platform generated nearly $16.7 million in fees, accounting for 55.6% of the total $1.4 billion in trading volume [1]. This resurgence underscores Pump.fun’s dominance in a market that has seen rapid shifts in leadership and user activity.
The platform’s rise is fueled by a surge in token creation, with 293,192 tokens launched on Pump.fun during the same timeframe, representing 66% of all Solana memecoin tokens created [1]. This marks a significant reversal from earlier in 2025 when Pump.fun had lost market share to rival launchpad Bonk.fun. From July 1 to August 3, Bonk.fun captured 54% of Solana memecoin launchpad fees, while Pump.fun held just 24.4% [1]. The shift was largely driven by Bonk.fun’s buyback and burn model, which allocated 50% of its fees toward purchasing and destroying its native token, BONK, and an additional 8% to token reserves [1]. This strategy generated substantial user activity, with nearly 606,000 tokens created on Bonk.fun compared to 379,253 on Pump.fun during the same period [1].
However, Pump.fun initiated a strategic comeback in early August 2025 by increasing its PUMP token buybacks. Beginning August 6, the platform began consistently purchasing at least $1 million worth of PUMP tokens daily, with the only exception being August 9 [1]. These efforts, combined with a $1 billion PUMP pre-sale in July and $814 million in total revenue since January 2024, appear to have rekindled investor confidence [1]. Analysts note that speculation around a potential PUMP token airdrop further boosted engagement [1], while co-founder Alon Cohen’s post about the development of community coins and the Glass Full Foundation’s role in deploying revenue into them added another layer of momentum [1].
The return of top deployers and traders to Pump.fun has been a key indicator of its renewed strength. The platform’s flat 1% swap fee structure, coupled with a $33 million buyback program, has improved margin predictability and attracted liquidity back to the platform [1]. This has resulted in an increase in both volume and secondary market activity, with Pump.fun now handling 91% of daily token listings on Solana [1]. The migration of deployers from competing platforms has led to a sharp increase in on-chain performance for token launches, further reinforcing Pump.fun’s position as the preferred launchpad for high-frequency token drops [1].
The measurable impact of Pump.fun’s resurgence is evident in several metrics. The platform now dominates listings concentration, handles a majority of the market volume, and continues to capture a large portion of the fees generated by Solana memecoins [1]. These developments suggest that the Solana memecoin launchpad market is undergoing consolidation, with Pump.fun emerging as the clear frontrunner in the short term [1].
Source:
[1] Pump Fun reclaims Solana memecoin launchpad dominance with 62% revenue share over two weeks. (https://cryptoslate.com/pump-fun-reclaims-solana-memecoin-launchpad-dominance-with-62-revenue-share-over-two-weeks/)
