PumpDotFun regains 95% share of daily token listings… strengthens dominance in the meme-coin market

Solana(SOL)-based token issuance platform PumpDotFun (PUMP) has reclaimed a 95% share of the daily token listing (graduation) market, regaining a dominant position.

On the 20th (local time), The Block reported that PumpDotFun accounted for 95% of the daily token listing market. 'Token listing (graduation)' refers to the process by which newly issued tokens secure a certain level of liquidity and are officially listed on decentralized exchanges (DEX) such as Raydium. It is regarded as a metric that measures tokens that have generated meaningful liquidity and demand in the real market, rather than mere issuance volume.

The overall launchpad market has recently contracted, with daily trading volume at about $100 million and the number of newly listed tokens falling to around 100. This is interpreted as a sign that the meme-coin-centered speculative fervor has cooled somewhat.

Nevertheless, PumpDotFun still generates about $1 million in daily revenue. Although this figure is lower than $3 million in September, it demonstrates the platform's high loyalty and network effects in maintaining user participation even in a bear market.

Experts assess that PumpDotFun has established itself as an "entrenched leader" in meme-coin issuance. They analyze that even if the market's speculative fervor temporarily subsides, the community base, token discovery system, and liquidity provision structure that PumpDotFun has built are likely to allow it to maintain a competitive advantage when the market recovers.