Pump.fun surpassed $800 million in all-time revenue, gaining traction over competitor LetsBonk in Solana’s burgeoning memecoin sector. Statistics from Dune Analytics reveal Pump.fun accumulated $800.6 million with its 1% swap fee model. It ranks as the most dominant Solana-based token launch platform.
Pump.fun has just solidified its ecosystem with a massive buyback. The site bought out $33 million worth of PUMP tokens to cut supply and drive up value.
Recent figures show Pump.fun dominating the market. It represents 91% of all Solana tokens, with LetsBonk listing daily at 3%. The top memecoin issuers’ choice has caused market share to shift even more to Pump.fun. The loss continues to grow as traders come back to the site in large numbers.
Pump.fun token launches and market share
Since launch, Pump.fun has seen 24,911 tokens deployed with a 0.84% graduation rate. Its daily trading activity reached close to $100 million once. LetsBonk introduced 442 tokens with a larger graduation rate of 2.26% but significantly lesser activity, volume, and creator adoption in total.
Pump.fun led the initial large Solana memecoin explosion last year. Its latest rival, LetsBonk, arrived in April 2025 with substantial Bonk community support. Backed by Raydium’s LaunchLab, LetsBonk momentarily overtook Pump in graduated tokens before Pump.fun gained traction by bringing top memecoin deployers back.
DeFiLlama data show Pump.fun averaged over $1 million daily during the last 14 days. Daily earnings by LetsBonk dipped to under $30,000 from close to $1 million before that. It is a normal pattern for new sites to struggle to maintain traction after initial user adoption spikes.
Solana faces wider network competition
While Solana hosts both Pump.fun and LetsBonk, Coinbase-backed Base is emerging. It registered 57,970 new memecoins within a day versus Solana’s 32,760. This points out that memecoin adoption is expanding on multiple blockchains, with new chains attracting users and projects away from Solana-based ecosystems.
Pump.fun’s recovery was swift after LetsBonk briefly led in July. Pump’s income dropped to $169,000 but recovered by August with $1.35 million per day compared to LetsBonk ’s $250,000. Up-to-date statistics indicate Pump.fun with 38,000 users who overwhelm LetsBonk ’s 633 as evidence of its superior ecosystem adoption.
