Crypto
Home›Crypto›Market Structure›Pump.fun’s share of Robinhood Chain launchpad fees dro…
Pump.fun’s share of Robinhood Chain launchpad fees drops then rebounds
Over the 30 days to Aug. 11, launchpads across Robinhood Chain collected $75.4 million in fees, and pump.fun’s weekly take hit a 90 day high at $9.21 million in the week ending Aug. 11.
Pump.fun’s share of token launch fees on Robinhood Chain fell sharply in early July after other launchpads took most of its volume, but its own weekly earnings later rebounded as the broader launchpad category grew, according to The Defiant analysis of DefiLlama daily fee data.
The launchpad business generated $75.39 million in fees over the 30 days to Aug. 11, up from $42.53 million in the prior 30 day window from June 13 to July 12, a 77.0% increase. Pump.fun’s take rose 30.1% over the same periods to $31.83 million, even as its share slipped to 42.2% from 57.5%.
Looking at weekly figures, pump.fun collected $5.63 million in fees during the week to June 30, or 79.4% of the category’s $7.10 million. In the week to July 14, its take fell to $5.0 million of $18.71 million, or 26.7%, before rising again to $9.21 million of $17.83 million, or 51.7%, in the week to Aug. 11, its largest haul in 90 days.
The growth in the memecoin launch market came largely from Robinhood Chain, whose mainnet opened about six weeks ago. The Defiant also points to NOXA, a launchpad and DEX that was active on Robinhood Chain before the public mainnet and later turned its launchpad off, after saying too many users and bot activity drove excessive token spam.