Bags (bags.fm) is a Solana launchpad built around one idea: the creator of a token keeps earning from it. Creators take 1% of all trading volume on their coin, paid out continuously, and can split that fee with collaborators. Tokens launch on a Meteora bonding curve and graduate into a real liquidity pool once they hit threshold. By mid-2026 it had crossed $1B in lifetime volume.
The Short Version
Pump.fun and LetsBonk pay creators almost nothing after launch. Bags flips that. The person who launches a token earns a 1% cut of every trade in it, forever, and the platform lets that creator hand part of the cut to a co-creator, an artist, or the person whose meme started the whole thing. That fee-sharing hook is why Bags pulled in meme makers and influencers who felt unpaid on the older pads.
For a trader, the mechanics are familiar: a bonding curve, a graduation threshold, and a Meteora pool on the other side. What’s different is who gets paid and how launches get promoted. This guide covers the fee model, the launch flow, the risks, and where Bags fits next to Pump.fun and LetsBonk.
How Bags Works
The launch flow is the no-code pattern you already know from other pads:
- Connect a Solana wallet.
- Upload a logo, set a name and ticker, write a short description.
- Choose your fee split (more on that below).
- Launch. The token goes live on a Meteora Dynamic Bonding Curve.
Buyers trade against the bonding curve, so price rises along a set curve as supply gets bought. When the token hits its migration threshold (around a $100K market cap, depending on config), liquidity automatically graduates out of the curve into a real Meteora pool (DAMM v1 or v2) for ongoing trading. From a trader’s seat that’s the same arc as a Pump.fun token graduating to PumpSwap, just with Meteora as the destination DEX.
The Fee Model That Sets Bags Apart
This is the whole pitch, so it’s worth being precise about it.
| Piece | How it works |
|---|---|
| Creator royalty | Creator earns 1% of all trading volume on the token, ongoing |
| Fee split | Creator can share up to 90% of that fee with others, keeping at least 10% |
| Payout cadence | Earnings distribute automatically, with a minimum unclaimed threshold before a payout fires |
| Trading fee | Buyers and sellers pay a swap fee on each trade, same as any curve |
The 1% creator cut doesn’t stop at graduation. As long as the token trades, the fee keeps flowing to whoever holds the creator and split positions. That’s the difference from Pump.fun, where the creator fee is a thin slice and most launch revenue goes to the platform.
The split is the social part. Say a popular account has a meme but no interest in launching a coin. A launcher can cut them in for a share of the 1% so the original creator gets paid when the token trades. It turns a launch into a revenue-share deal instead of a one-sided grab, which is how Bags recruited creators who’d been burned by anonymous launches of their own material.
Why Bags Grew in 2026
A few things lined up:
- Creators got paid. The recurring 1% royalty gave influencers and meme makers a real reason to launch on Bags instead of watching someone else mint their content for free.
- Mobile-first. Bags leaned into a clean mobile launch and trading experience at a time when most pads were still desktop-heavy.
- A breakout token. Activity spiked after a token in the Bags ecosystem ran several hundred percent in a short window, which is the usual pattern: one big winner pulls a wave of launches and traders behind it.
By mid-2026 daily token creation on Bags pushed into the thousands and lifetime trading volume passed $1B. It’s still far smaller than Pump.fun, which sits near 77% of new Solana launches in late June, but Bags carved out a real niche rather than trying to beat Pump.fun at its own game.
Bags vs Pump.fun vs LetsBonk
| Feature | Bags (bags.fm) | Pump.fun | LetsBonk |
|---|---|---|---|
| Creator earnings | 1% of volume, ongoing, splittable | Small creator fee | ~0.1% creator fee |
| Curve engine | Meteora DBC | Native Pump.fun curve | Native curve |
| Graduation DEX | Meteora (DAMM) | PumpSwap | Raydium |
| Fee sharing | Yes, up to 90% to collaborators | No | Trencher rewards |
| Token buybacks | None | 50% revenue buys/burns PUMP | BONK buybacks |
| Best for | Creators who want recurring royalties | Highest liquidity and tool coverage | BONK-ecosystem launches |
The honest read: Pump.fun still wins on liquidity, graduation rate, and the sheer number of bots and snipers that support it. Bags wins for the person launching the token, who keeps earning instead of getting a flat cut at mint. For a trader, that distinction matters less than where the volume is, and most volume is still on Pump.fun. Bags is worth watching when a launch has a real creator behind it pushing the token to an audience.
Trading Bags Tokens Safely
The fee model doesn’t change the risks that come with any fresh launchpad token. If anything, the creator-royalty angle adds a new wrinkle: a token can be designed to farm fees rather than build anything.
- Check who holds the creator and split positions. A token where the creator cut is set up to drain quickly is a fee farm, not a project.
- Watch the curve fill. Same as Pump.fun: a curve that fills in seconds from a handful of wallets is a bundled launch, not organic demand.
- Run a contract check before you buy. Pull the token through a scanner for mint authority, freeze authority, and LP status. The honeypot and scam checklist applies here unchanged.
- Mind slippage on the curve. Early on a bonding curve, a market buy can move price hard. Set slippage with that in mind.
- A creator royalty is not a safety signal. Plenty of fee-sharing launches still rug. The 1% cut tells you the launcher gets paid, not that the token is sound. The rug-pull red flags still decide it.
Most Solana trading bots and terminals that route through Meteora can trade Bags tokens once they graduate, and several support the curve directly. Check your tool’s launchpad coverage before you rely on it for fast entries.
Who Bags Is For
Worth a look if:
- You’re a creator or have an audience and want to keep earning from a token instead of a one-time cut
- You want to split launch revenue with a collaborator cleanly
- You’re a trader hunting tokens with a real creator pushing them, not just curve bots
Probably skip it if:
- You want the deepest liquidity and widest bot support, where Pump.fun still leads
- You’re only chasing the highest launch volume, which sits elsewhere
- You expected the royalty model to reduce rug risk, which it doesn’t
FAQ
What is bags.fm?
A Solana token launchpad where the creator of a token earns 1% of all trading volume on it, ongoing, and can split that fee with collaborators. Tokens launch on a Meteora bonding curve and graduate into a Meteora liquidity pool at threshold.
How do creators earn on Bags?
The creator takes a 1% cut of every trade in their token, distributed automatically once unclaimed earnings pass a minimum. They can share up to 90% of that with co-creators or whoever’s content the token is based on, keeping at least 10%.
Where do Bags tokens go after the bonding curve?
Once a token hits its migration threshold (around a $100K market cap, depending on setup), liquidity graduates from the Meteora Dynamic Bonding Curve into a real Meteora pool for ongoing trading.
Is Bags safer than Pump.fun?
No. The creator-royalty model changes who gets paid, not the risk profile. Bags tokens can be bundled, sniped, or rugged the same as any launchpad token. Run the same contract and liquidity checks you would anywhere.
Can trading bots trade Bags tokens?
Most bots and terminals that support Meteora can trade graduated Bags tokens, and several support the curve directly. Confirm launchpad coverage in your specific tool before relying on it for fast entries.
How big is Bags compared to Pump.fun?
Much smaller. Bags crossed $1B in lifetime volume by mid-2026 with thousands of daily launches, while Pump.fun sits near 77% of all new Solana launches. Bags found a creator-focused niche rather than competing head-on for raw volume.
What to Read Next
- LetsBonk vs Pump.fun — The two pads Bags is competing against for creators
- Pump.fun vs LaunchLab vs PumpSwap — Where Meteora fits in the Solana launchpad stack
- How to Spot Honeypots on Solana — The contract checks every launchpad token needs
- Detecting Bundled Launches & Insider Wallets — Reading the curve fill before you buy
- Building Your Solana Meme Trading Stack — Tools that cover the current launchpad mix
Disclaimer: Launchpad tokens are high-risk and most lose value fast. A creator royalty does not make a token safe. This guide is educational, not financial advice. Always verify contract details and liquidity from primary sources before trading. See our full Risk Disclaimer.
