state of solana launchpads 2025: three main base infra: pump, meteora, and raydium –– @pumpdotfun still controls 84% of launchpad share on solana. it still has that magic where you launch anything and instantly get distribution/volume from snipers, cabals, retails, etc. (it owns the discovery frontend and liquidity rails) –– @RaydiumProtocol launchlab: configurable bonding curve with an option for a pump-like launch called "sendit mode": it has its own frontend via launchlab (taps raydium and RAY distribution) and a whitelabelled frontend with @bonk_fun –– the major contributor to launchlab volume (powered by the bonk cabal) –– @MeteoraAG DBC: most configurable bonding curve infra (think launchpad-as-a-service), where anyone can customize everything from 5–6 different fee types to migration market cap. but it doesn’t have a native frontend launchpad. @believeapp is one of the breakout launchpads built on meteora DBC which managed to craft its own narrative (ICM). @timedotfun and @daosdotfun are two other niche launchpads doing well (both migrated from raydium to meteora). others like @cultsdotfun exist, but with little volume beyond their native token. beyond this, there's a long tail of 10–15 launchpads (or consumer apps) doing <$350k volume –– mostly struggling with distribution and 30-40 already dead building pump clones. my actionable insights for builders: → to win the launchpad game, you need to own user distribution (like pump, letsbonk, believe, daos) –– and not just of token launchers, but also token buyers. and that’s really hard! (huge coldstart problem) pump is still #1 in terms of organic liquidity. tokens still literally pump and dump there –– and yes, staying power is low generally. if you're building a consumer app with in-app token launches (like believe or time): → use pump if you want to launch quickly and tap into existing liquidity (like @yapsterxyz or @devfunpump). downside: creator fees are low, so hard to sustain or share value with your builders. (recommended for quick build, not for longer term) e.g., we did $6M+ volume in 1 day across 150 token launches via Sendshot FC (a small experiment by @sendaifun on farcaster) –– all organic, thanks to pump! → use meteora for best configurability and team support. you can design your launch flow however you want, and share meaningful trading/lp fees with creators and builders. (rayidum is also good, but with much less configurability) if you can win distribution, go for meteora –– and build the next BIG consumer app with an embedded launchpad (i call it attention capital markets). my advice: i'd personally recommend to keep experimenting on apps with in-app token launches –– i strongly believe there's a huge room for experimentation around capital formation and social monies (s/o @weremeow) –– and this is true power for crypto and promise of internet capital markets! as a builder, there's always a tradeoff between distribution and fees –– you'll have to keep iterating. ps: @solanaappkit has all three base infra launchpads integrated (pump, raydium, and meteora) –– you can refer that for open-source implementation for your consumer mobile app! always happy to help :)