Memecoin launchpad market landscape analysis: Who is leading this blue ocean?

In the current memecoin ecosystem, the market share of major launch platforms shows a clear concentration trend. Data indicates that PumpFun leads with 55.7% of the market share, establishing an absolute industry dominance.

Following closely are Meteora DBC and Bags, which hold 18.9% and 18.3% of the market share respectively, forming a dual oligopoly in the second tier. These two platforms maintain considerable competitiveness in user base and trading activity.

In the more niche markets, LetsBonkFun ranks fourth with a 3.30% share, while MetaDao holds a 0.902% share, ranking fifth. This market distribution indicates that the head effect is quite prominent among memecoin launch platforms, with most liquidity and user attention concentrated on the top two platforms.