Taking stock of the top 10 emerging Launchpad platforms, which one can complete the subversion of Pump.fun?

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With the return of funds and the recovery of sentiment, the on-chain world is quietly warming up, and many emerging token issuance platforms have begun to launch attacks on the leading Pump.fun. PANews has compiled a list of 10 recently high-profile Launchpad platform newcomers, involving MEME, AI Agent, and SocialFi tracks, mainly concentrated in the Solana ecosystem. These platforms have their own characteristics, mostly relying on solid ecological foundations and resource advantages, and competing for market share through innovative mechanisms such as optimizing issuance mechanisms, enriching creator incentives, enhancing token empowerment, and improving platform security.

LaunchLab

LaunchLab is a token issuance platform based on Solana, launched by Raydium in mid-April this year. Creators use the JustSendIt mode to release tokens, and once liquidity reaches 85 SOL, the tokens will be immediately migrated to Raydium's AMM. LaunchLab offers various customization options, including token supply settings, distribution curves, vesting periods, and the option to receive 10% of transaction fees. The platform's transaction fee is 1%, with 50% going to the community pool, 25% used for $RAY buyback, and 25% for project infrastructure and operations. On April 26, Raydium announced the opening of a 50,000 RAY reward pool to reward users trading on LaunchLab.

According to Dune data, as of April 29, LaunchLab has issued 24,916 tokens, with a graduation rate of 0.84%. In terms of token creation numbers, after LaunchLab was launched on April 16, the token issuance volume was once in a low state, usually in the hundreds, but since April 25, the token issuance volume has significantly increased, with daily issuance reaching thousands. Among the 210 graduated projects, the total transaction volume is mainly concentrated in LetsBONK, TIME, and Hosico tokens, with a cumulative transaction volume of nearly $350 million, while the transaction volume of the remaining tokens is mostly concentrated between tens of thousands to hundreds of thousands of dollars.

Letsbonk.Fun

Letsbonk.Fun, based on Solana, is developed by MEME coin BONK community members in collaboration with Raydium. It allows users to create their own MEME coins through simple steps such as clicking "Create Token", filling in token details, and customizing supply. It provides developers with wallet tags and bonding curve functions, and tokens can be quickly integrated into DEXs like Raydium and Jupiter after going online. Each transaction on the platform charges a 1% fee, used for the development fund pool, BONKsol validator, and buyback and burning of BONK. Platform users can also participate in LaunchLab's 50,000 RAY reward pool.

Arc Forge

Arc Forge is an Agent token issuance solution launched by the AI Agent project arc on Solana in mid-February this year. The platform is built on Meteora DLMM and integrated with Jupiter routing, with main advantages such as more efficient liquidity, prevention of sniping bots, and customized liquidity strategies, with only reviewed high-quality projects allowed to participate.

auto.fun

auto.fun is a no-code AI agent Launchpad platform based on Solana, launched by Eliza Labs, for issuing new tokens and autonomous agents, with ai16z as its native token. The platform allows users to deploy complex AI agents without technical background, using a more fair token issuance mechanism. auto.fun uses a dual-pool system: the SOL:AT main pool is the platform's primary liquidity pool, pairing newly released agent tokens (AT) with SOL and providing liquidity through Raydium; $ai16z:AT is the target for future stages, aiming to pair liquidity with AT using $ai16z from platform income buyback. Each project launched on auto.fun receives a liquidity NFT supported by Raydium, giving project creators ownership of liquidity and enabling continuous revenue capture through the NFT. In each AT token liquidity pool, auto.fun charges a 10% fee, which will be used to buy back $ai16z tokens from the market. According to the official website, as of April 27, the highest token market value on auto.fun was only in the hundreds of thousands of dollars.

Time.fun

Time.fun is a time tokenization platform migrated from Base to the Solana ecosystem. Creators need to register through the platform interface, can customize token name, symbol, and initial supply, and set pricing for time services (in USDC), but require identity verification.

Time.fun has been frequently recommended by Solana co-founder Toly in the past two months. Recently, he initiated an auction on the platform, attracting over $1.2 million in total bids. Three entrepreneurs won the opportunity to pitch their projects to Toly himself and the Solana ecosystem community, to be introduced in a live stream on May 6 and receive on-site comments from Toly.

According to Dune data, as of April 28, the Time.fun platform has only issued 396 tokens in total, but the daily issuance volume has continued to decline since its first day online, with daily issuance even dropping to single digits or zero. Meanwhile, the platform's total transaction volume has exceeded $200 million, with over $100 million contributed on its first day on Solana, after which the transaction volume gradually fell and is currently maintained between tens of thousands to hundreds of thousands of dollars. The transaction volume is mainly driven by the $toly token, which has long accounted for more than half.

Genesis Launches

Genesis Launches is a launchpad recently launched by Virtuals Protocol on Base and Solana. Its core goal is to allow community users to fairly participate in the early stages of new AI Agent projects, prevent robots and snipers from low-price snatching, and protect participants' funds. Each new project starts with a fixed diluted market value of 112,000 $VIRTUAL (about $120,000), and users participate by staking Virgin Points, with a 24-hour bidding period per round, where more points mean higher allocation. Currently, users can earn points in three main ways: earning Trenchor points by investing in Sentient and Prototype Agent tokens, holding $VIRTUAL tokens, and staking $VADER tokens. Unused points will expire after 30 days.

Shell Launchpad

Shell Launchpad is an AI Agent platform launched on BNB Chain by MyShel, aimed at helping users easily launch and tokenize their AI Agents. The platform offers multiple creation modes, including classic mode, professional configuration mode, and ShellAgent mode, catering to new users, developers with some technical background, and professional developers. Shell Launchpad provides over 300 modular AI widgets, allowing users to quickly combine and build complex AI Agents, set basic information such as name, description, token, category, and configure token economic models, including total supply and fundraising amount. Once an AI Agent reaches its financing target, the platform will automatically list it on a DEX.

Swarms LaunchPad

Swarms LaunchPad is an AI agent token issuance platform developed by the Solana AI Agent project Swarms, used for creating, deploying, tokenizing, and monetizing intelligent agents. Users can build customized AI agents through Swarms SDK (supporting Python/Rust SDK) and upload their developed AI agents for tokenization, trading through Swarms Dex. These tokenized AI agents can be sold or leased on the Swarms market, with developers profiting through purchase fees, leasing shares, or trading revenue. Developers of high-quality agents can receive additional SWARMS token rewards.

Recently, Swarms LaunchPad underwent a major upgrade, including performance optimization, integration with Gecko Terminal, addition of comment features and holding pages, and complete open-sourcing of source code to GitHub.

According to the Swarms LaunchPad official website, as of April 29, the total number of Agents on the platform is 20, with a total market value of approximately $1.5 million.

someting

Currently, someting has not been officially launched and is still in the whitelist stage. Based on known information, someting has collaborated with Meteora, including one-sided liquidity, dynamic pools, and vaults, and features a unique Bonding Curve mechanism with lower fees and faster binding times. On the someting platform, token liquidity requires 42 SOL to graduate, with a transaction fee of 0.69%, supporting customizable bond curves, featuring anti-sniping functionality, and integrating market makers to automatically provide liquidity. Additionally, to enhance project credibility, someting has obtained a platform verification badge the X platform.

Launch Coin on Believe

Launch Coin on Believe allows users to create and issue new tokens through simple social interactions, with the core mechanism triggered by replying to a tweet with @launchacoin followed by the token name.

It is worth noting that Launch Coin on Believe was previously known as PASTERNAK, a celebrity token created by Ben Pasternak, the founder of Clout and one of the founders of Monkey (one of the largest social applications in Web2). Clout is a SocialFi platform that combines features from Friend.Tech, Pump.fun, and Moonshot, allowing celebrities and creators to issue tokens named after themselves, and has received support from Alliance DAO.

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