How Pump.fun captured 80% of Solana memecoins, and can it last?

How Pump.fun’s one-click minting, bonding-curve graduation and locked liquidity drove Solana’s memecoin dominance: the risks and metrics to watch next.

One-click minting, bonding-curve “graduation” and locked LPs concentrated liquidity, pushing Pump.fun’s share to 75%-80% at its peak.

Launches and fees are cyclical. After plunging 80% from January highs, activity snapped back by late August.

Rivals (LetsBonk, HeavenDEX, Raydium LaunchLab) can flip share in the short term with fees or incentives, but network effects often pull activity back.

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