Hey there, meme coin enthusiasts! If you've been keeping an eye on the wild world of cryptocurrency, you’ve probably heard about the fierce competition brewing among token launchpads. These platforms are the launch sites for new memecoins, and the battle for dominance is heating up in 2025. A recent thread by Mippo (@MikeIppolito_) on X dives deep into this "launchpad wars" with some eye-opening data. Let’s break it down and see what’s driving this crypto craze!

The Rise of Zora in the Launchpad Arena

One of the standout revelations from Mippo’s thread is the meteoric rise of Zora. This platform has stormed onto the scene and now accounts for about 50% of new tokens launched. That’s a huge shift! Zora’s success isn’t just about quantity, though—it’s also flipping the script on where these tokens are being created. The data shows Zora has shifted the balance from Solana to Base, a move that’s got everyone talking.

This graph highlights how Zora’s creator coins have doubled the number of creators on Pump.fun in just two weeks. That’s a powerful sign of momentum, and it could mean Zora is poised to shake up the memecoin game even more. If this trend continues, we might see a new leader emerge in the launchpad space.

Solana’s Memecoin Dominance Holds Strong

Despite Zora’s rise, Solana isn’t ready to step down. When you look at the revenue side of things, Solana still rules the roost, generating 97% of launchpad revenue. Most of that—around 85%—comes from heavy hitters like Pump.fun, Bonk, and Raydium. This shows that while new platforms like Zora are creating a buzz, Solana’s established ecosystem still has the edge when it comes to profitability.

This second graph breaks down token launches by blockchain, with Solana leading the pack. It’s clear that Solana’s memecoin market is still the gold standard, especially for those looking to cash in on the trend.

Pump.fun’s Rollercoaster Ride

Pump.fun, a key player on Solana, has had its ups and downs. Mippo’s thread points out that its revenue has dropped over 90% from its peak, hitting lows not seen since its first month. Ouch! But there’s hope on the horizon—recent days have seen a big rebound, likely thanks to the Pump team injecting liquidity into their markets. This move has routed more volume through Axiom, which now drives 46% of launchpad volume. It’s a classic case of adapting to stay competitive!

The Glass Full Foundation and Beyond

The launchpad wars aren’t just about data—they’re also about strategy. Pump.fun introduced the "Glass Full Foundation," a plan to boost its ecosystem by adding significant liquidity to its tokens. Even Coinbase is jumping in, supporting creators on Base with a new system that collects coined content and pays creators a fee. This trend of supporting creator communities could be a game-changer, as platforms look to lock in loyalty and drive growth.

This image from the thread shows Pump.fun’s exciting new initiative, which could set a precedent for how launchpads support their communities moving forward.

What’s Next for the Launchpad Wars?

The competition is fierce, with weekly swings in market dominance driven by incentives, partnerships, and liquidity injections. Mippo suggests checking out Blockworks’ dashboard for the latest updates—it’s the go-to resource for tracking this evolving landscape. One fun idea tossed around in the thread is the possibility of a memecoin ETF, letting investors buy a basket of top meme coins that rebalance regularly. It’s a wild thought, but it could make memecoins more accessible to the masses!

So, what do you think? Is Zora the future, or will Solana’s memecoin machine keep chugging along? Drop your thoughts in the comments, and stay tuned to meme-insider.com for more deep dives into the memecoin universe. The launchpad wars are just getting started, and it’s going to be an exciting ride!