Pump.fun regained leadership among Solana memecoin launchpads by late September, surpassing emerging rivals Stonk and Pons. SolanaFloor data shows the platform led the sector in revenue, traded volume and new memecoin contracts deployed on the network, while Blockworks data puts its share of daily revenue in the asset-issuance segment above 73%. The platform had dropped three places in the overall rankings in mid-September. Its $PUMP token rose 63% from a recent low of $0.0035 to $0.0058, giving it a fully diluted valuation (FDV), or token value at full supply, of $5 billion. The recovery came as onchain decentralized-exchange (DEX) volume cooled to $48.9 billion in the week ended September 27. Fomo's daily volume fell 26% to $162 million on September 28 from $220 million on September 21, but the social trading app still led its category with more than 105,000 daily active traders. Pump's app had around 21,000 daily trading accounts, or about 20% of fomo's user base, although its internal data showed a record for Solana-based volume. Pump.fun generates more than $13.6 million in weekly revenue and has committed 50% of platform revenue to token buybacks and burns. That revenue currently does not fully offset monthly vesting of approximately 7 billion $PUMP tokens, valued at $40.5 million, to early investors.