For the first time, Pump.fun has lost its position as the top daily revenue generator among memecoin launchpads. Flap, a multi-chain platform originally built on BNB Chain, recorded approximately $1.18 million in 24-hour protocol revenue, edging past Pump.fun's $1.13 million, according to data from DefiLlama.

Flap's Rise in the Launchpad Space

Flap launched around June 2024 with an initial focus on BNB Chain before expanding to additional networks, including X Layer and Robinhood Chain. The platform differentiates itself from the conventional bonding-curve launchpad model — where tokens are priced algorithmically based on supply, with price rising as more tokens are minted — through two key mechanics: Player vs. Player duel functionality and activation thresholds set as low as $24,000 in market cap before duel matches begin.

For context, Pump.fun has generated over $1 billion in cumulative revenue since its launch on January 19, 2024. That figure reflects the platform's model of enabling users to create tokens within seconds and the broader memecoin launchpad sector's emergence in 2024 as one of the highest-grossing categories in decentralized finance. Flap's single-day revenue lead does not offset Pump.fun's substantial cumulative advantage.

Pump.fun's Ongoing Expansion

Pump.fun continues to develop its ecosystem. The platform now operates PumpSwap, its own automated market maker, designed to retain liquidity and trading fees within its ecosystem rather than routing them to third-party decentralized exchanges.

Additionally, Pump.fun has introduced a creator revenue-sharing model that allocates 50% of transaction fees to creators involved in token launches.

Flap is not the only platform to have briefly surpassed Pump.fun. In July 2025, a platform called LetsBonk flipped Pump.fun in 24-hour revenue, recording $1.04 million compared to Pump.fun's $533,000 on that day.

Competitive Dynamics

For traders participating in memecoin launches, platform selection has become a more significant factor. A BNB Chain-native platform such as Flap attracts different capital flows than a Solana-native platform like Pump.fun, and the competition between launchpads also reflects broader rivalry between underlying blockchains vying for transaction volume and fee revenue.

Daily revenue in the memecoin launchpad sector is highly volatile, as it reflects speculative activity that can shift rapidly. Whether Flap can sustain multi-day streaks above $1 million remains the more telling metric. Pump.fun's $1 billion in cumulative revenue was built on consistent throughput across hundreds of thousands of token launches over more than a year, rather than any single day's performance.