Bags

Bags is a Solana-based token launchpad that makes it possible for creators, communities, and projects to launch a tradable coin in minutes and earn a share of every trade that follows — permanently. Launched in May 2025 and built on Solana's Meteora DBC infrastructure, it positions itself as a creator-economy layer on top of the memecoin launchpad model pioneered by Pump.fun, differentiating primarily through mandatory royalty distribution and a mobile-first design.

What It Does

The core premise is straightforward: anyone can go to bags.fm, connect a Solana wallet and a social account, upload an image, choose a name and ticker, and create a token — no coding required. What separates Bags from most launchpads is what happens after launch. Every token minted on the platform carries an embedded fee-sharing configuration: by default, 1% of all trading volume on that token flows back to the designated royalty recipients, paid in SOL, in perpetuity.

This royalty mechanic is hardcoded into each token's on-chain configuration at launch time, not layered on afterward. According to the platform's API documentation, the launch flow uses Solana's Meteora DBC program (dbcij3LWUppWqq96dh6gJWwBifmcGfLSB5D4DuSMaqN) and requires the creator to explicitly set fee-sharing allocations in basis points (BPS), where 10,000 BPS equals 100%. All fee recipients' allocations must sum to exactly 10,000 BPS, and up to 100 addresses can share in a single token's fees.

How Royalties Work

When a creator launches a token, they retain at least 10% of the fee stream. They can share up to 90% with other wallets — collaborators, featured personalities, or automated bots. Fee claimers are identified through connected social accounts: X (Twitter), Kick, and GitHub are all supported for wallet lookup at launch time.

One distinctive feature is the "Get Bagged" dynamic: anyone can create a token referencing a public figure, artist, or brand. However, the original creator or named individual can claim ownership of that token's fee stream by verifying their social account — effectively retroactively claiming royalties from tokens already in circulation that reference their identity or work.

For tokens with dividend sharing enabled, creators can route fees to a DividendsBot address, which automatically distributes proportional payouts to the top 100 token holders every 24 hours, provided at least 10 SOL in unclaimed earnings has accumulated. This turns tokens into passive income instruments for holders as well as creators.

Technical Architecture

Bags tokens are launched through Meteora's Dynamic Bonding Curve (DBC) program on Solana mainnet. The launch process from the API perspective is a five-step sequence: metadata upload, fee-share configuration creation, transaction generation, signing with the creator's keypair, and broadcast to Solana via Jito bundles with priority tips for fast inclusion.

When fee claimers exceed 15 accounts, the protocol requires Lookup Tables (LUTs) to compress the transaction, since Solana transactions have a fixed account limit. The platform handles LUT creation automatically through its API. For token creation directly through the interface, the minimum wallet balance is 0.1 SOL to cover transaction fees and Jito tips; the documentation recommends approximately 0.015 SOL as a typical fee estimate.

The platform provides a REST API and TypeScript SDK for developer integrations, with rate limits of 1,000 requests per hour per API key. Endpoints cover token creation, real-time trading quotes, holder analytics, and lifetime fee tracking. Access to the developer API is managed at dev.bags.fm.

Platform Growth and Market Position

By mid-2025, Bags had crossed $1 billion in 30-day trading volume, ranking second on Jupiter's launchpad leaderboard by market share, with approximately 33.5% share and $293 million in a single measured day. At that point, Pump.fun still led the launchpad market with significantly larger volumes.

Daily token creation on the platform surpassed 3,900 in early 2026, the highest since mid-2025, with a single-day record of 80 "graduated" tokens. Graduation refers to a token successfully migrating from the bonding curve phase to a decentralized exchange for open market trading — the standard milestone across Solana launchpads that separates tokens gaining genuine traction from those that stall early.

The platform has been particularly active in AI agent-related token launches, and its mobile-first design has made it accessible to creator communities beyond the core crypto-native audience.

Team and Background

Bags was co-founded by Finn Bags and Hunter Isaacson. Finn Bags previously co-founded DeGods, one of the most prominent NFT collections in the Solana ecosystem. Hunter Isaacson is known for ngl.link, an anonymous social messaging app that accumulated over 250 million downloads and reached the top of app store charts in 175 countries. Both founders come from backgrounds combining consumer social applications and Solana-native product development.

The company is small by design — publicly listed as a team of 1–10 people with presence in California, Florida, and New York — consistent with the lean, developer-focused studios common in the Solana ecosystem.

Security and Audits

No public security audit has been announced or documented as of the time of writing. The protocol relies on Meteora's DBC smart contract infrastructure for token launch mechanics, which carries its own audit history. Creators and users should apply standard caution appropriate to permissionless token launchpads: tokens launched on Bags are experimental by nature, and the platform itself notes that the vast majority of tokens on Solana launchpads do not graduate or sustain market value.

Solana Ecosystem Fit

Bags sits at the intersection of Solana's creator economy and its memecoin infrastructure. By building on Meteora's DBC rather than a proprietary bonding curve, it leverages established Solana DeFi infrastructure while adding the royalty and social-verification layer on top. Its integration with social login and wallet lookup through Twitter, Kick, and GitHub makes it accessible to non-crypto-native creators, and the dividend distribution bot provides a holder retention mechanism that typical launchpads lack.

The platform's rapid growth — from launch to $1 billion in monthly volume within roughly six months — reflects both the demand for creator monetization tooling on Solana and the broader momentum of the launchpad category. Its positioning as an alternative to Pump.fun, with an emphasis on creator rights and fee attribution rather than pure permissionlessness, addresses a real gap in the ecosystem for projects that want a clear economic relationship between token issuance and the creators behind them.