Solana’s meme-token launchpads recorded heavy activity in the past day, with Pump.fun leading issuance and trading while a growing roster of rivals continued to attract consistent use.
What a Meme Coin Launchpad Is — and Why Solana Hosts so Many
A meme coin launchpad is a web app that lets anyone create and list a Solana Program Library (SPL) token in minutes, often with a simple form, a bonding-curve or instant-liquidity template, and one-click routing to a decentralized exchange (DEX). On Solana, these services have multiplied because block space is cheap, settlement is fast, and developer tooling is fairly standardized.
Together, that mix lowers the threshold for experimentation and favors high-throughput, low-ticket activity—large daily token counts concentrated on a few venues, with a long tail of platforms that add features or distinct user funnels. These platforms have drawn heavy use in 2025.
The Launchpad Field Guide
Pump.fun is Solana’s incumbent meme-launch venue, known for bonding-curve “fair launches.” Tokens can be created instantly without presales and “graduate” to DEX liquidity after preset thresholds; the team rolled out “Project Ascend” updates this year.
Letsbonk (Bonkfun) is built by the BONK community with Raydium rails for immediate trading. It briefly topped daily revenue in July 2025 during a stretch of elevated activity.
Sugar positions itself as a rewards-heavy meme coin launchpad that burns liquidity during migrations and ranks among the higher-volume Solana venues.
Bags is a mobile-first app for launching and trading meme tokens; it offers creator royalties, portfolio tracking, and Apple Pay deposits, and it reported $1 billion in trading volume within 30 days of launch.
Believe blends SocialFi mechanics with token creation: users can trigger a launch by replying to X posts from its “Launchcoin” account, then settle into Solana for trading—no wallet setup required initially.
Launchlabs (Raydium) is Raydium’s open-source launch front end for SPL tokens, debuted in April 2025, and competes directly with Pump.fun.
Moonshot focuses on simple creation (a photo and Apple Pay can be enough) and a feed for discovering trending coins.
Jup Studio (Jupiter) is a no-code studio from Jupiter Exchange to launch and manage tokens with integrated trading, governance tools, and MEV protections via Jupiter Pro.
Heaven pairs a launchpad with an AMM dex and advertises 100% revenue buybacks and burns, with anti-MEV design.
Wavebreak (Orca) is a bot-resistant mint flow from Orca that prioritizes human users with CAPTCHA checks.
Moon.it ties to 9GAG as a “meme money market,” enabling quick launches and cross-app trading, including Telegram access.
Boop.fun rewards creators and influencers with BOOP incentives tied to deployment milestones and market-cap thresholds, aimed at community-driven campaigns.
What the Markets Show Today
In the most recent 24-hour per data from Dune Analytics, Pump.fun recorded 23,640 new tokens and about $160.09 million in volume. Sugar showed 1,608 tokens and about $4.78 million, Letsbonk logged 695 tokens with roughly $2.12 million, and Moonshot posted 468 tokens with about $1.35 million.
Bags added 451 tokens and about $512,000, Heaven showed 570 tokens with about $244,801, and Jup Studio (210), LaunchLab (106), and Believe (127) rounded out the mid-tier counts. Boop.fun and Wavebreak registered light activity in the latest day.
The multi-month charts tell the broader picture. Pump.fun holds the majority of market share across most days, with a mid-summer stretch where Letsbonk’s share widened before receding. Sugar appears in pulses that lift its share during specific windows, while Moonshot, Bags, Believe, Launchlabs, and Jup Studio contribute smaller but regular slices.
Weekly volume bars echo the same ranking: Pump.fun at the core of activity, a rotating second tier led by Letsbonk and Sugar in discrete phases, and a long tail of specialized venues that show up intermittently. Pump.fun’s dominance makes it the axis around which Solana’s meme coin experiments revolve.
While there’s been some decent swings at its dominance, its volume and token counts still eclipse rivals, shaping the rhythm of launches across the chain. Competitors may carve niches, but Pump.fun’s scale still sets the tone, defining what rapid experimentation and market testing look like in Solana’s high-velocity meme coin economy.
Amid the churn, what emerges may not be a single dominant platform but a shifting arena of ideas tested at scale. The meme coin launchpad wars have only just begun. Solana’s cheap block space acts like an open canvas, allowing hundreds of daily trials.
