Pump.fun's Share Of Launchpad Fees Fell To 27% In July. Four Weeks Later It's Back Above Half | The Defiant

Pump.fun's Share Of Launchpad Fees Fell To 27% In July. Four Weeks Later It's Back Above Half | The Defiant

Pump.fun lost launchpad dominance to Pons and NOXA on Robinhood Chain (79%→27% share) but earned 30% more in absolute fees ($24.45M→$31.83M) as the market tripled. Zero-fee competition erodes fee-based moats; builders must compete on features and community, not fees.