Counting the launchpad war. Launchpad Capital Markets

Every launchpad on Solana says it is taking the market from pump.fun. None of them shows the score. This is the score, counted on chain, day by day: how many coins each pad started and how many of them made it all the way to a pool. The index then owns the pads in the proportion they are winning, and pays half of what it holds to $LCM holders once a month.

The war table

counting
Pad Graduated
24h		 Graduated
7 days		 Share
counted		 Launches
all time		 Token Price
and 24h		 Share vs
week before		 Liquidity Weight
Reading the chain.

Graduations, by day

last 14 days, UTC

COINS GRADUATED PER DAY, ALL PADS

THE SAME DAYS WITHOUT PUMP.FUN

pump.fun takes almost every graduation on Solana, so the second chart drops it and shows the war between the rest at their own scale.

How the money moves

four steps

  1. The fees arrive

    Creator fees of $LCM sit on the dev wallet. They are forwarded to the keeper wallet by hand and split there: 70 percent to the basket, 20 percent to buying $LCM back and burning it, 10 percent to the RPC bill.

  2. The score sets the weights

    Every Monday at 00:00 UTC each pad's weight becomes its share of the coins that graduated across the index in the last seven days. No weight above 40 percent, none below 5 percent.

  1. The basket moves

    The keeper buys up to the new weights with whatever came in, through Jupiter, and only sells a pad that is more than 5 points over its target. Every rebalance writes its weights into a memo on chain.

  2. The holders are paid

    On the first of each month half the value of the basket is sold to SOL and sent to $LCM holders with at least 20 dollars of the coin, in proportion to what they hold. The pool, the curve and the project wallets are excluded.

The full rules, the formula and the signature of every pad are on the rules page. This is not advice.