Pump.fun's share of total token launchpad fees fell to 26.7 percent in mid-July as new protocols emerged on Robinhood Chain, then recovered to 51.7 percent by Aug. 11—its largest weekly fee collection in 90 days.
Overall fees for 125 tracked launchpads increased 77 percent to $75.39 million from July 13 to Aug. 11, compared to $42.53 million in the prior 30-day period. Growth was concentrated on Robinhood Chain, which launched its public mainnet approximately six weeks ago. Weekly fees across all launchpads climbed from $7.10 million in late June to $18.71 million by mid-July.
Despite losing market share during July, Pump.fun's absolute fee revenue rose. The platform collected $31.83 million from July 13 to Aug. 11, a 30 percent increase from $24.45 million in the preceding 30 days. Its weekly take reached $9.21 million by Aug. 11, a 90-day high.
Two launchpads on Robinhood Chain drove Pump.fun's temporary share decline. The first, NOXA, is a launchpad and decentralized exchange that deployed its factory on Robinhood Chain on June 16, two weeks before the chain's public mainnet opened.
NOXA initially generated small daily fees—ranging from a few hundred to a few thousand dollars through late June. Fees then surged, crossing $99,000 on July 1 and reaching $2.22 million on July 8. They peaked at $2.33 million on July 11, implying roughly $233 million in daily trading volume at NOXA's 1 percent swap fee. Robinhood Chain was approximately 10 days old at that peak.
NOXA abruptly halted launchpad operations on July 11. On-chain data from Robinhood Chain's Blockscout explorer shows the deployer wallet dev.noxa.eth called setLaunchEnabled(false) on the launch factory nine seconds after its last token launch. An account associated with NOXA said the shutdown was a response to "constant new token spam, vamps" and bots copying new tokens every hour, describing the pause as temporary while the team sought a fix. All subsequent launch attempts on NOXA have reverted.
The second competitor, Pons, emerged two days after NOXA ceased accepting new launches. A developer who goes by Ozzy deployed Pons' first factory on July 13, saying he built the launchpad for Robinhood Chain because existing platforms were extracting value without supporting their communities.
Pump.fun's market share bottomed at 26.7 percent in the week to July 14, down from 79.4 percent in the week to June 30. Over the full 30-day comparison, its share fell from 57.5 percent (June 13–July 12) to 42.2 percent (July 13–Aug. 11), even as its absolute fee revenue climbed on the back of broader category growth. Growth has recently shown signs of reversing.
