[Pump.fun Dominates Token Incubation with Daily Revenue of Approximately $1 Million Amid Market Cooling] According to The Block, Pump.fun has regained near-monopoly status in the token incubation market, accounting for approximately 95% of daily 'graduated' tokens (transferred to DEXs like Raydium). Recently, overall Launchpad activity has contracted, with a total volume of around $100 million and approximately 100 tokens graduating daily. Pump.fun's daily revenue is approximately $1 million, down from about $3 million in September. Competitors include LetsBonk, Believe, Moonshot; 4.meme has also validated that this model can operate across ecosystems on the BNB chain.