Pump.fun has reasserted its dominance in the token launch market, capturing 95% of the daily market share, according to Bitjie. Despite a slowdown in the overall market, with daily volumes around $100 million and approximately 100 token graduations, Pump.fun continues to generate about $1 million in daily revenue. This figure, however, marks a decline from the $3 million daily revenue reported in September. Token graduation involves moving new tokens to exchanges like Raydium after meeting liquidity thresholds, signifying genuine demand.