Solana Memecoin Launchpads Compared (October 2026)
| Platform | Daily fees | 30-day fees | Coins graduate to | Where revenue goes | Status |
|---|---|---|---|---|---|
| Pump.fun | ~$2.40M | ~$50.4M | PumpSwap | 50% buys back and burns PUMP (until ~April 2027) | Leader |
| StonkFun | ~$577K | ~$29.5M | Raydium (via LaunchLab) | ~60% buys back and burns STONK | Clear #2 |
| Raydium LaunchLab | ~$249K | ~$11.0M | Raydium | Part of fees buy RAY | Infrastructure behind StonkFun and BONK.fun |
| BONK.fun | ~$54 (own dashboard) | ~202 SOL revenue | Raydium | 51% buys BONK for Bonk Inc’s treasury | Near-dormant |
| Bags, Heaven, Boop.fun, Believe | ~$0 to ~$2K | Tiny | n/a | n/a | Dead |
Fees are one way to compare them, not the whole story: they show where traders are right now, not which launchpad suits you. Figures are fees paid on each launchpad over the last day and 30 days, from DeFiLlama (pulled 5 October 2026, daily figure is 4 October), checked against each platform’s own data where it publishes any. LaunchLab’s total includes StonkFun’s launches, and DeFiLlama changed how it counts LaunchLab on 9 September 2026, so its jump since February is partly a measurement change.
Why BONK.fun uses its own numbers: DeFiLlama shows BONK.fun at about $199K a day. BONK.fun’s own revenue dashboard shows $54 in fees over the last 24 hours and about 202 SOL of revenue over the past month. DeFiLlama’s figure jumped on 6 September, the day StonkFun moved onto LaunchLab, which BONK.fun also runs on. Until that’s explained, we’re going with BONK.fun’s own figures.
Pump.fun: Still the Default
What Is Pump.fun?
If you’ve traded a Solana memecoin, you’ve almost certainly touched Pump.fun. It’s the launchpad that created the model everyone else copies: anyone can create a coin in under a minute. It trades on a bonding curve, meaning the price rises automatically as people buy, and once the curve fills the coin graduates to a normal trading pool. No presale, no team allocation.
It’s still the biggest by a long way: about $2.40M a day in launchpad fees, plus another $5.16M a day on PumpSwap, the exchange where its graduated coins trade (DeFiLlama, 4 October 2026). It has also been through every launchpad war so far. Pons and StonkFun both out-earned it for a stretch in September, and by early October it was back on top while both of them had dropped hard from their peaks.
What Changed in 2026
- Graduated coins go to PumpSwap, not Raydium. That’s been true since March 2025, and the LP tokens are burned, so graduated liquidity can’t be pulled.
- The PUMP token exists, the airdrop doesn’t. PUMP launched through a $600M public sale in July 2025. The free community airdrop teased at the time never came. Our Pump Fun Airdrop Guide tracks any news.
- Half of revenue buys back and burns PUMP, for a year. In April 2026 Pump.fun burned all the PUMP it had bought back so far, about $370M, and set up a locked contract that spends 50% of net revenue on buyback and burn for one year. That covers the bonding curve, PumpSwap and Terminal, and runs until around April 2027.
- Creator fees depend on market cap. Per Pump.fun’s fee docs, creators earn 0.30% on the bonding curve and on coins under about $85K, 0.95% between about $85K and $300K, then less as the coin grows, down to 0.05% above $20M. Creators can split fees across up to 10 wallets, and since September can launch “holder rewards” coins that pay the creator fee to holders instead.
- Stock and asset pairs. Since 10 September 2026 you can pair a Pump.fun coin with an initial list of 93 tokenized stocks, metals and crypto assets from xStocks and Sunrise. That overlaps with StonkFun’s main feature, though StonkFun still offers far more pairs.
- Multichain trading. The app can trade on Ethereum, Base and BNB Chain using SOL from one wallet. Launching is still Solana only.
- Callout rewards. You can get paid daily in USDC when people trade a coin you called. The formula changed on 4 October 2026 to pay more for fewer, better calls. Be careful who you follow, though: plenty of accounts are spamming calls on tiny coins just to farm the rewards, and the people who ape those calls are the ones paying for it. Full breakdown in our Pump.fun Callouts Guide.
Pros and Cons
Good:
– The most traffic and liquidity on Solana by far
– Every major trading tool supports it, including Axiom, GMGN and Trojan
– The buyback is enforced by a locked contract, so the team can’t quietly stop it before April 2027
Not so good:
– Saturated. Getting noticed without a following is hard
– Burned LP stops liquidity rugs, not the creator selling their bag
Best for: launching a coin you want people to actually see, and trading new coins with the most liquidity behind them. Not for: anyone hoping to stand out without a following, or anyone expecting the PUMP airdrop.
StonkFun: The Biggest Pump.fun Alternative (Stock-Paired Coins)
What Is StonkFun?
StonkFun is a Solana launchpad where your coin can be paired with something other than SOL: a tokenized stock or ETF (Nvidia, Tesla, Apple, the S&P 500 via xStocks), pre-IPO tokens like OpenAI and Anthropic, gold, stablecoins, currencies, or other crypto. It lists over 500 pairing assets (StonkFun pairs list). Buy a coin paired with NVDA and the pool holds tokenized Nvidia, not SOL.
That’s its real edge. Pump.fun now has a short list of stock pairs, but StonkFun will let you pair against almost anything, and that’s what made the September run happen. It first showed up on DeFiLlama in late July 2026. On 6 September, Raydium opened LaunchLab to any pairing asset and StonkFun moved its launches onto it. Fees went from about $200K a day to $1.5M overnight, peaked at $2.3M on 11 September, and were about $577K on 4 October (DeFiLlama).
I haven’t launched a coin on StonkFun, but I’ve LPed and traded plenty of them on Meteora (more on that below). The launch details here come from its docs, its public data and DeFiLlama. If the tokenized stocks underneath are new to you, our xStocks guide explains how they work.
How a Launch Works Now
New launches run on a Raydium LaunchLab bonding curve:
- Connect any Solana wallet on stonkfun.xyz
- Pick what to pair your coin with
- Set the name, image and links, and sign once
- The coin trades on a bonding curve. For a SOL pair it starts around a $3.3K market cap and completes at about $49K once 85 SOL has gone in (StonkFun launch pricing, 5 October 2026)
- Then it moves to a Raydium pool
StonkFun’s docs still describe an older launch method that goes straight into a Raydium pool with no curve. New launches go through LaunchLab now, so go by what the app shows you.
How I LP StonkFun Coins on Meteora
This is where StonkFun has been good to me. I don’t buy and hold these coins. I provide liquidity for them on Meteora, and during the September run they paid really good fees.
Here’s why. Once a StonkFun coin got going, the Meteora pool was often the main place it traded, so aggregators like Jupiter routed a lot of the volume through it. On Meteora you pick your own fee tier, so you can sit a bit cheaper than the other pools and pull even more of that routed volume through your range. Lots of volume through a tight range on a coin that’s moving hard is exactly what prints fees.
It’s not free money. These coins dump as fast as they pump, and a range that’s too narrow on a dump leaves you holding the coin all the way down. I post my LP results, wins and losses, on X at @RazzaeR if you want to see how it actually goes.
The Numbers
- About $577K a day in fees and $29.5M over 30 days (DeFiLlama, 4 October 2026)
- $32.5M of lifetime revenue, $19.4M of it spent buying back STONK (StonkFun revenue data)
- About 60% of platform revenue buys and burns STONK, 40% goes to the treasury (docs)
- 4,682 of 171,820 coins have ever reached StonkFun’s $40K “graduated” mark, about 2.7%
The Catches
- No audit appears in its docs
- Your coin carries the risk of whatever it’s paired with. StonkFun’s own docs warn that a pairing asset that can be frozen or reprinted can make a launch worthless
- The creator’s share of fees on the current launch method isn’t published
- “Reward coins” carry a permanent tax on every transfer
- Fees are well off the September peak
Best for: launching a coin around a stock, pre-IPO or asset story Pump.fun can’t pair with, and LPing or trading its coins when the stock-pair meta is running. Not for: a plain SOL memecoin, where Pump.fun has far more people looking. It’s cooling off right now, but the pair-with-anything idea hasn’t gone anywhere.
Raydium LaunchLab: The Engine Underneath
Raydium LaunchLab is Raydium’s launchpad infrastructure. You can launch on it directly at raydium.io, but most people meet it through the launchpads built on it: StonkFun and BONK.fun both run on LaunchLab.
That explains its numbers. It went from about $2K a day in February to about $249K now. Some of that is StonkFun moving over on 6 September, after Raydium let LaunchLab pair coins with any token. Some is DeFiLlama starting to count platform and creator fees on 9 September.
Part of LaunchLab’s fees go to RAY buybacks, and across the whole protocol Raydium has bought back over 30% of RAY’s circulating supply, held rather than burned (Solana Compass, August 2026).
Best for: builders who want their own branded launchpad with their own curve and pairing asset. Not for: most traders. You’ll use it without noticing every time you buy a StonkFun coin.
BONK.fun (LetsBonk): No Longer Burns BONK
BONK.fun, also letsbonk.fun, is the BONK community’s launchpad. It’s built with Graphite Protocol and runs on Raydium LaunchLab. If you remember it as the launchpad that burns BONK, that changed in December 2025.
This is the bit that surprised me: none of it gets burned now. Platform revenue is split 51% to buying BONK for Bonk Inc’s treasury, 10% to BONKsol staking, 10% to community marketing, 23% to tech and operations, 4% to marketing and 2% to BonkRewards (official dashboard). Since January 2026 there are two launch modes: “BONK Classic” with no creator fee and a 0.30% swap fee, and “BONKERS” with a higher creator fee and a lower swap fee.
BONK.fun’s best moment was July 2025, when it briefly out-earned Pump.fun. By its own dashboard it’s now close to dormant: $54 in fees over the last 24 hours.
Best for: the BONK community, and creators who want Classic mode’s zero creator fee. Not for: getting a new coin seen. There just isn’t the traffic right now. Trading BONK pairs? See our Bonk Bot Review.
Not on Solana Yet: Pons
Pons out-earned Pump.fun’s launchpad every day from late August to late September 2026, peaking at about $11M in fees on 5 September, and it still makes more a day than StonkFun (DeFiLlama). But Pons runs on Robinhood Chain, not Solana (Pons contracts).
Before you go looking:
- A Solana version is in testing with Pump.fun, with no public launch yet
- Launching is whitelist only, and the UK and EU are on its restricted list
- Its V2 contracts are still unaudited, with three audits in progress (as of 1 October 2026)
I’m UK-based, so I can’t launch on it anyway, and until there’s a live Solana version I wouldn’t spend time on it. We’ll add it here if that changes.
Dead: Bags, Heaven, Boop.fun, Believe
- Bags: the #2 at the start of the year, averaging about $647K a day in fees in January. It was down to about $2.3K on 4 October (DeFiLlama). Skip.
- Heaven: $0 in fees since June 2026, with no announcement either way.
- Boop.fun: effectively $0 since February 2026, and its founder stepped back to an advisor role in November 2025. If you farmed BOOP points early, our Boop.fun Airdrop Guide covers claiming.
- Believe: about $0 in fees, and facing a class action filed in March 2026. Avoid.
Moonshot Create (about $1K a day) and Jupiter Studio (a few hundred dollars a day) still work, but they’re niche.
Which Solana Memecoin Launchpad Should You Use? It Depends What You’re Doing
You want to launch a memecoin
Honestly, for most people it’s Pump.fun. If you don’t have a following, you need every eyeball you can get, and that’s where they are. Its 93 stock and asset pairs cover the popular ones too. StonkFun if your coin’s whole story is a pairing Pump.fun doesn’t offer, like a pre-IPO token. BONK.fun’s Classic mode if you’re in the BONK community and want no creator fee.
You want to trade new coins early
Pump.fun, then StonkFun. If you LP like me, StonkFun coins on Meteora are where I’d look when the stock-pair meta is running. The volume gets routed through a small number of pools, and that’s what pays. Trade through a proper terminal rather than the launchpad’s own page: Axiom, Ape Pro by Jupiter, GMGN or Trojan. If you’d rather trade from your phone, the FOMO app is the simplest option.
You want to earn without trading
No live launchpad has an airdrop worth farming right now. The nearest thing is Pump.fun Callouts, which pay USDC when people trade coins you called. See our Callouts guide.
You’re building a protocol that needs a token
Raydium LaunchLab for your own launchpad with your own curve and pairing asset. Jupiter Studio if you want to launch coins from code.
Risks to Watch
- Most coins go nowhere. About 2.7% of StonkFun coins have ever hit its $40K mark. Treat every new launch as likely to go to zero.
- Buybacks can change. Pump.fun’s is locked by contract until about April 2027. Most others are policies a team can change whenever it likes.
- Unaudited contracts. StonkFun shows no audit, and Pons V2 is unaudited.
- Paired-asset risk. A coin paired with a tokenized stock depends on that stock token. If it gets frozen or loses its peg, your pool is stuck with it.
- Fee data is rough. DeFiLlama counts different things for different launchpads and sometimes gets one wrong, as with BONK.fun above. Good for seeing who’s growing. I wouldn’t trust the exact numbers.
FAQ
What is the best memecoin launchpad on Solana in 2026?
It depends on what you’re doing. For getting a new coin seen and trading with the most liquidity, Pump.fun: it has the most traffic, about $2.4M a day in fees (DeFiLlama, 4 October 2026). For pairing a coin with a stock or pre-IPO token, StonkFun. For building your own launchpad, Raydium LaunchLab.
What is the best Pump.fun alternative on Solana?
StonkFun. It’s the only one close to Pump.fun’s volume right now, at about $577K a day in fees, and it does something Pump.fun doesn’t: pair coins with almost any asset, from Nvidia to pre-IPO OpenAI tokens.
Is StonkFun better than Pump.fun?
For a plain memecoin, no: Pump.fun has about four times the daily fees, so more people will see your coin. For a stock or asset-paired coin, StonkFun is better: it lists over 500 pairing assets against Pump.fun’s 93.
Does StonkFun have a token?
Yes, STONK. About 60% of StonkFun’s platform revenue buys and burns it, and $19.4M had been spent on buybacks by 5 October 2026.
LetsBonk vs Pump.fun: which is better?
For reach, Pump.fun, comfortably: BONK.fun’s own dashboard shows $54 in fees over the last 24 hours, against about $2.4M a day on Pump.fun. BONK.fun’s case is Classic mode, with no creator fee, if you’re in the BONK community.
What is the difference between Pump.fun and Raydium LaunchLab?
Pump.fun is a launchpad you use directly, and its coins graduate to PumpSwap. Raydium LaunchLab is mainly infrastructure that other launchpads, including StonkFun and BONK.fun, are built on, and its coins graduate to Raydium.
Did Pump.fun ever airdrop the PUMP token?
No. PUMP launched through a public sale in July 2025, but the free community airdrop that was teased never arrived. Our Pump Fun Airdrop Guide tracks any news.
Is Pons on Solana?
Not yet. Pons runs on Robinhood Chain. A Solana version is in testing with Pump.fun, and it’s restricted in the UK and EU.
The Bottom Line
- Pump.fun: the one to launch on if you want to be seen, and the one that keeps winning the launchpad wars. About $2.4M a day, with a contract-locked 50% buyback until about April 2027.
- StonkFun: the one for stock and asset-paired coins, and good LP fees when that meta runs. Unaudited and well off its September peak.
- Raydium LaunchLab: the infrastructure behind StonkFun and BONK.fun, and the builder’s choice.
- BONK.fun: no longer burns BONK, and close to dormant.
- Bags, Heaven, Boop.fun, Believe: dead, skip.
If I had to pick one to learn, it’d be Pump.fun. If I’m LPing, I’m keeping an eye on StonkFun. Everything else on this list I’d skip for now.
Before you start, set up a wallet with our How to Create a Solana Wallet guide and trade through a proper terminal like Axiom or Ape Pro. We’ll update this as the numbers change.
