The launchpad wars told in data form 🧵

When you look at it from a revenue standpoint, however, it's a very different story. Solana still generates 97% of the revenue from launchpads, ~85% of which come from Pump, Bonk and Raydium. The conclusion is clear: Solana still dominates the memecoin game.

However, things could change if Zora continues to onboard the amount of creators they currently are. Zora's creator coins have been incredibly popular, in just two short weeks doubling the amount of creators Pump has. This could be a powerful leading indicator.

On Solana, Pump continues to be a fascinating story. On the one hand, revenue is down over 90% from peak. Weekly revenue hasn't been this low since their first month of operation.