StonkFun vs Four.meme and Why One Launchpad Earned 36 Times the Other in 30 Days

StonkFun, the Solana launchpad that pairs new tokens against tokenized stocks, booked $10,471,504 of revenue in the 30 days to the Monday 14 September close. Four.meme on BNB Chain booked $293,678 over the same window. StonkFun vs Four.meme is a 36x gap between two launchpads whose tokens are 1.98x apart on market cap.

Both platforms take the same 1% cut of every trade on their curves, so the gap is throughput and nothing else. StonkFun's take collapses into nine bars. Those nine sessions from 6 to 14 September carry $9,479,563 of the 30-day total, and its best single bar beat Four.meme's entire month by more than six times.

StonkFun vs Four.meme at a Glance

What Are StonkFun and Four.meme?

StonkFun is a Solana launchpad that lets the creator of a new token pick what it trades against. Its own token opened on 23 July 2026 in a STONK pool against SPYx, a tokenized S&P 500 share. Our StonkFun explainer covers that launch and the burn record behind it. The StonkFun launchpad configures a Raydium LaunchLab bonding curve for every new token, and each pool graduates onto Raydium once the curve fills.

Four.meme has run the same shape on BNB Chain since 24 September 2024, the first day its fee series records. Its documentation lets a creator choose BNB, a stablecoin or a tokenized U.S. share as the trading pair, and the four.meme launchpad issues stock tokens of its own. Our guide to the 4Stock product covers the 1% mint fee and the 10,000 USDC floor behind those shares.

The easy framing puts one platform on stocks and the other on BNB, and the documentation kills it. Both let a creator pair a launch against a tokenized share, and both settle the graduated pool on their own chain's largest automated market maker.

Why Did StonkFun Earn 36 Times What Four.meme Earned?

Revenue on both platforms comes from the same place, a cut of every trade on the curve and on the pools those launches graduate into. Four.meme's own documentation puts its trading fee at 1%. DefiLlama's fee adapter for StonkFun puts the platform fee at 1% as well, on every trade against the bonding curves it configures.

Neither side charges you more than the other. Our guide to what a crypto launchpad does breaks down the mechanism both of them run, and the 36x is volume through the same toll gate.

Over the 30 days to the Monday 14 September close that toll came to $10,471,504 on one side and $293,678 on the other, from DefiLlama's dated revenue series. Per day, $349,050 against $9,789.

The Nine Bars That Carry 90 Percent of StonkFun's Revenue

StonkFun's month reads as a single event. Its daily take ran at $77,247 on 4 September and $199,461 on 5 September. It then jumped to $1,504,269 on 6 September, the day it put Raydium's LaunchLab curves into production. That one bar is 19 times the 4 September figure, and the nine bars from 6 September onward carry 90.5% of the month.

The peak landed on 11 September at $1,840,184. By the 14 September bar the platform took $588,473, down 68% from that peak across three sessions. A buyer paying for the $349,050 daily average is paying for a number the last bar doesn't support.

Four.meme's series says what a mature launchpad decays to. Its 721 days of fee history average $134,128 a day, and the 30 days to 14 September averaged $9,789, running 13.7 times below its own lifetime pace. Its best single day, 8 October 2025 at $4,215,870, still beats StonkFun's best bar by 2.3 times.

So the durable franchise on this pair has been shrinking since its 8 October 2025 peak, and the fast one has nine good bars and no quiet quarter on its record.

What Does Each Launchpad Charge a Trader?

The 1% is the headline and it is the same number on both sides. What differs is what you're left holding.

A Four.meme launch costs the creator nothing beyond gas, and its curve completes at roughly 18 BNB. The platform then seeds a BNB Chain pool on PancakeSwap with that 18 BNB and a fifth of the token supply. The pair asset is the creator's choice, so a token launched against a stablecoin behaves like a normal meme coin and one launched against a tokenized share does not.

A StonkFun launch hands the creator the same choice, and that choice decides the risk you carry. A token paired against a tokenized share moves with the share, so you take equity risk on top of token risk. Our guide to how tokenized stocks work sets out what stands behind one of those tickers.

StonkFun's fee adapter names three sources for its take. Its 1% on the curve is only the first of them. The creator fee on every swap in the graduated pools it opens comes second, and its share of the fees from permanently locked liquidity comes third.

Does the STONK Buyback Match What StonkFun Promises?

StonkFun's revenue page says approximately 60% of platform revenue buys STONK on the open market and burns it. Over the 30 days to 14 September, the measured spend on those buybacks came to $5,158,928, or 49.3% of the $10,471,504 the platform collected.

Part of the gap has an explanation in the project's own wording. Its revenue page notes that using STONK as a quote token executes a burn without a buyback. A burn funded that way cuts supply without spending a quote asset, so it never registers as buyback spend. The same page warns that pricing volatile custom quote tokens makes exact splits vary.

What that leaves is a STONK buyback burn running below the advertised rate across a full month of data. If you're pricing the flywheel into the Wednesday 16 September session, work from the measured figure and treat 60% as the ceiling.

Which Launchpad Token Wins, STONK or FORM?

Rebuild both caps the same way and the pair is close. STONK's 845,082,529 circulating tokens at the $0.21010373 close of 14 September give $177.55 million. FORM's 381,867,255 tokens at $0.23533170 give $89.87 million. Both prices come from one feed, because mixing feeds inside a single cap is how launchpad valuations end up 19% apart. A second on-chain price feed agreed with both on a 15 September read.

StonkFun buys back and burns, so its supply falls through the trading day. The 845,082,529 figure is a 15 September read against a 14 September close, and every further burn lowers it.

A ratio of 1.98 on market cap against 36 on 30-day revenue says the market has priced StonkFun's month as a spike and not as a run rate. Our earlier StonkFun and Pons comparison ran this argument on a different rival. Its snapshot carries a PONS cap of $492.37 million that no dated close and circulating supply reproduce.

Can You Trade the STONK Token or FORM on Phemex?

Neither side has a live perpetual, because STONK was never listed in any form. The FORM perpetual reads Delisted in the product record, which leaves a FORM spot pair as the only FORM market on the venue. If you want to hedge the FORM token with a futures position, Phemex has nowhere to do it.

The chain underneath StonkFun does trade. SOL-USDT futures are Listed with up to 50x leverage and funding every eight hours in the product's own interval field. SOL closed the Monday 14 September session at 102.48 on that contract, up 36.10% over 30 sessions and above a golden cross dated 2 September.

That matters for this pair because StonkFun's throughput is Solana throughput. Every curve it configures, every graduated pool and every buyback swap settles on the chain the SOL contract prices.

Frequently Asked Questions

What does it cost to launch a token on Four.meme?

Nothing beyond gas. The platform's documentation says launching is free and the only charge is the transaction fee, around 0.005 BNB. The trading fee it takes carries a floor of 0.001 BNB per trade.

Does StonkFun's flywheel buy back only STONK?

No. Its flywheel page says a share of trading fees from every v3 pool buys back and burns the platform's top 15 tokens by market cap, weighted by market cap, every few minutes.

Do Four.meme tokens keep charging a tax after they graduate?

They can. The tax-token page in its documentation says a predefined percentage applies whenever the token trades after graduation. Taxes stay active across the bonding curve and the graduated pool alike.

What does DefiLlama leave out of StonkFun's revenue?

Raydium's protocol fee and third-party creator fees. The adapter counts only the platform's own share, so the full trading cost a StonkFun launch imposes on its buyers runs above the number this article uses.

Bottom Line

For a trader pricing fee flow into the Wednesday 16 September session, STONK is the side with an engine running. The distance between a 1.98 cap ratio and a 36 revenue ratio is the trade.

For anyone buying a franchise and not a month, FORM wins on the only record that covers more than one narrative.

What StonkFun has yet to prove is what its curve does when the launches stop arriving. Four.meme has shown it, and the answer was $9,789 a day.

Disclaimer: This article is for informational purposes only and is not financial advice. Cryptocurrency trading involves substantial risk. Always do your own research before making investment decisions.