What is Bags? The creator-fee launchpad on Solana and Robinhood Chain

Bags is a memecoin launchpad where creators earn 1% of every trade in their token, and that fee stream can be split across up to 100 different creators, apps or wallets. It is the clearest number two on Solana by fees, with $63.88M cumulative as of 31 August 2026, and the first major Solana launchpad to expand onto Robinhood Chain.

The splittable creator fee is the actual product

Most launchpads pay a creator fee to one address. Bags lets a launch route its 1% trade fee across up to 100 recipients — co-creators, the app that surfaced the token, a community wallet, whoever the launch designates.

That sounds like an implementation detail. It is not. It changes who can plausibly launch a token, because a fee split is a coordination mechanism: three people who each bring an audience can each hold a contractual share of the revenue without trusting one of them to distribute it afterwards. It also gives third-party apps a reason to integrate, since an app can be written into the split as a distribution partner rather than needing its own launchpad.

The trade-off is that a split fee is a smaller fee per participant, and none of it is revenue until the token trades. On a venue where most tokens never accumulate meaningful volume, a hundred-way split of 1% of nothing is still nothing. How do memecoin creators actually make money works through the arithmetic of what a creator fee is really worth at realistic volume levels.

The numbers, dated

Two observations about that table. First, revenue is roughly half of fees on both windows, which is consistent with a model that passes a substantial share through to creators rather than capturing it. Second, Bags ranked fourth among all launchpads by seven-day fees on 31 August 2026, behind Pons ($16.13M), pump.fun ($14.3M) and Flap.sh ($2.68M).

One caveat worth flagging because it looks alarming and probably is not. DefiLlama printed 24-hour fees of $4,390 for Bags against a seven-day average of roughly $214K a day. That is almost certainly an indexing lag rather than a real collapse, and it is a good reminder to read seven- and thirty-day windows rather than single days on any of these dashboards. We have not independently confirmed the cause.

Going multichain onto Robinhood Chain

Bags now runs on Solana and Robinhood Chain, making it the first major Solana-native launchpad to make that move. Solana still accounts for around 91% of its fees, so the Robinhood Chain deployment is real but not yet material to the business.

That ratio is the interesting part. Robinhood Chain has been the fastest-growing launchpad market of 2026, and a Solana incumbent taking under a tenth of its fees there tells you that the chain's launchpad volume is going overwhelmingly to native venues — Pons, Pools.trade, hood.fun — rather than to imported brands. Our Robinhood Chain launchpads comparison sets out who is actually taking that volume, and the per-venue analytics pages track the split over time.

How Bags compares to pump.fun

They are not competing on the same axis, which is why Bags survives at a tenth of pump.fun's fee scale rather than being crushed by it.

pump.fun competes on liquidity and defaults: the deepest buyer pool, the most tooling, a 1.25% total trading fee, zero creation cost, and atomic migration to its own DEX. Its scale advantage is enormous — $1.201B cumulative fees against Bags' $63.88M — but it treats the creator as one address receiving a share.

Bags competes on creator economics. A 1% trade fee that can be divided a hundred ways is a different offer to a group launch than a single-recipient fee, and it is the only documented mechanism of its kind among major venues. What Bags does not offer is pump.fun's depth, and a token launched somewhere with fewer buyers is a token with fewer buyers regardless of how the fee splits.

For the full three-way against LetsBonk as well, see pump.fun vs Bags vs LetsBonk; for how these fee structures differ across every venue, how launchpad fee splits actually work; and for the position of both within the wider market, our comparison of every major launchpad.

What this page does not tell you

Bags does not publish a creation fee, a bonding-curve threshold or a migration target in documentation we can reach, so this page does not state them. Where a rival venue's parameters are documented we print them; where they are not, we would rather leave the gap than repeat a figure from an SEO aggregator. Check the interface quote before you deploy.

Nothing here suggests a token launched on Bags is more likely to succeed. The creator fee model changes how revenue is distributed among the people launching a token. It does nothing about the base rate, which on every major venue is that the overwhelming majority of memecoins lose most of their value quickly.

And a 1% creator fee is a reason for someone to launch a token. It is not evidence that they intend to support it afterwards. If anything, a splittable fee stream makes low-effort launches marginally more rational, because several parties can share the small revenue from a token nobody ever buys. Read the holder distribution on the token page in the Meme Central feed before you read the launchpad's marketing.

Frequently asked questions

What fee does Bags charge?

Creators earn 1% of every trade in their token. Bags' own revenue ran at roughly half of total fees over both the seven- and thirty-day windows to 31 August 2026 — $749K of $1.51M and $866K of $1.73M — which is consistent with a substantial pass-through to creators. Bags does not publish a token creation fee in reachable documentation.

How many people can share a Bags creator fee?

Up to 100 creators, apps or wallets can be written into the split. This is the platform's genuine differentiator: no other major launchpad documents a comparable mechanism. In practice a hundred-way split only matters if the token accumulates real volume, since each share is a fraction of 1% of trades that may never happen.

Is Bags bigger than pump.fun?

No, and not close. Bags had $63.88M in cumulative fees on 31 August 2026 against pump.fun's $1.201B. On seven-day fees the gap was $1.51M to $14.3M. Bags is the clearest number two on Solana by fee revenue, which is a meaningful position in a market where roughly 90% of visible fees sit in four venues.

Which chains does Bags support?

Solana and Robinhood Chain as of 31 August 2026, with Solana accounting for roughly 91% of fees. It is the first major Solana launchpad to go multichain onto Robinhood Chain. That the Robinhood Chain share remains under a tenth suggests native venues there are absorbing most of the chain's launchpad volume.

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The lock is the part a buyer can verify

A splittable creator fee tells buyers how the upside is shared among the people who launched a token. It tells them nothing about whether the liquidity can be pulled. Team Finance — from TrustSwap, which also builds Meme Central — locks LP tokens for a fixed term across Ethereum, Robinhood Chain, Polygon, Base and BNB, and that lock appears as a verified badge on the token's page in our feed. It does not restrict a creator's own token allocation, and it is not a substitute for reading the holder distribution.

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Nothing here is financial, legal or tax advice. Memecoins are extremely high-risk: most lose most of their value, and the majority of tokens launched never reach a decentralised exchange at all. Never spend money you cannot afford to lose entirely. Meme Central does not recommend any specific token. Data described as Meme Central's own reflects tokens indexed by Meme Central and is not whole-market data.