Looking at the memecoin launchpad landscape, the market concentration is quite pronounced. PumpFun dominates with a commanding 72.6% market share, effectively setting the standard for token launches on Solana. Meteora DBC follows as a distant second at 17.7%, still a solid player but significantly smaller in scale. The remaining platforms show fragmentation: LetsBonkFun holds 4.82%, Bags captures 2.07%, while MetaDao rounds out the top five with 1.38%. This distribution reveals how heavily the memecoin launchpad sector relies on a single platform, with PumpFun accounting for nearly three-quarters of all activity. For traders and projects evaluating launch strategies, these metrics highlight where the liquidity and user base are concentrated in the current cycle.