Bags is the best Solana launchpad for creators who want ongoing trading royalties, because by default 1% of every trade goes to the coin's fee claimers, but that makes it one of the more expensive launchpads to trade on at 2% per trade. It scores 7.0/10 in our launchpad listings: clear docs and flexible fee sharing, held back by high default fees and a sharp fall in activity since January 2026.
Risk notice: Crypto trading is high risk and memecoins can go to zero in minutes. Trading bots and wallet connections use hot wallets. This page is not financial advice; only trade what you can afford to lose.
Facts on this page were checked October 23, 2026, from Bags' own docs and the sources linked below. This is a research-based review built from published docs, not a hands-on trial.
Verdict
Use Bags if you are a creator, project or community that wants to earn from trading volume and split it between several people. Avoid it as a trader unless you've checked the coin's fee mode: the default 2% each way is more than Pump.fun's 1.25% curve fee, and one mode charges 10%.
Activity is small now. DefiLlama showed $330,387 in 30-day fees on October 23, 2026, with $64.49 million all-time, and monthly fees peaked at $25.7 million in August 2025 (DefiLlama). By comparison, Pump.fun showed about $63.9 million in 30 days (DefiLlama).
History
- May 2025: public launch. DL News reported in August 2025 that Bags "only launched in May" and had passed $1 billion in 30-day volume. Its pitch: a creator must name a royalty recipient, often the artist or person a coin is about.
- January 2026: the AI-token boom. Coins tied to trending open-source AI repositories drove Bags' fees above $100,000 on January 16, 2026, its best day since launch, and Bags passed Pump.fun in daily graduations (The Block). The same report describes GAS rising from about $4 million to over $60 million, then falling below $1 million within days after its developer publicly denounced it.
- March 2026: Bags announced a hackathon with a $4 million developer fund (Business Wire).
- 2026: Robinhood Chain. Bags' docs now cover launches on Robinhood Chain, where tokens trade on a bonding curve and then Uniswap v4 (Bags docs). DefiLlama attributes $18,550 of Bags' 30-day fees to that chain.
Fees summary: the seven modes (as of October 2026)
From Bags' fee customization guide. "Creator share" is the claimers pool.
| Mode | Fee before graduation | Fee after | Creator share (pre / post) | Graduates at |
|---|---|---|---|---|
| Default | 2% | 2% | 1% / 0.75% | 85 SOL |
| Low Pre / High Post | 0.25% | 1% | 0.125% / 0.25% | 85 SOL |
| High Pre / Low Post | 1% | 0.25% | 0.5% / 0.0625% | 85 SOL |
| High Flat | 10% | 10% | 5% / 2.5% | 85 SOL |
| 2% Flat, 85% supply locked | 2% | 2% | 1% / 0.75% | ~100 SOL |
| Default, 1K supply | 2% | 2% | 1% / 0.75% | 85 SOL |
| 2% Base, 96% supply locked | 2%, decaying to 0.5% | 2% decaying to 0.5% | 1% / 37.5% of fee | 80 SOL |
After graduation, part of the fee is compounded into liquidity: 25% of post-graduation fees in the default mode and 50% in the "with Compounding" modes. Launches use Meteora's Dynamic Bonding Curve and can migrate to Meteora DAMM v2 pools.
For a trader, a buy and sell on a default coin cost about 4% in launchpad fees, and about 6% with a 1% bot (our arithmetic). The best Solana launchpad page compares every launchpad's rates.
Creator royalties and fee sharing
This is what Bags does best. Per its docs:
- A fee-share config can split fees among up to 100 claimers, who claim their share when they choose.
- For newly created SOL fee-share v2 configs, the wallet that pays for the launch is a separate deployer with 25% of the claimers pool; the named recipients split the other 75%.
- Partner keys let apps that send launches to Bags earn a share of fees, one key per wallet.
- An API, CLI and TypeScript SDK let developers launch coins and claim fees from their own apps.
The catch for traders: a coin can name a well-known developer or brand as a fee recipient without that person backing it. The GAS episode shows prices can collapse when the named person walks away.
Safety
We found no reported hack of Bags' contracts or website as of October 23, 2026, and no public security audit in its docs. The main risks are on the coins:
- Unendorsed "tribute" coins. Many Bags coins reference a person or project; check whether that person has actually claimed the fees or said they support it.
- Alleged rugs by builders. A smaller outlet, Our Crypto Talk, reported community allegations in May 2026 that a Bags hackathon winner sold out of the GSD token; we couldn't confirm it through a major outlet, and it reported no formal Bags response.
- High-fee modes. A 10% mode coin costs about 20% just to buy and sell.
Before buying, check holders and liquidity with the steps in how to spot a rug pull on Solana and how to use RugCheck.
Pros and cons
Pros
- Creator earns 1% of every trade by default, before and after graduation
- Seven documented fee modes and fee sharing with up to 100 claimers
- Part of post-graduation fees compounds into liquidity
- Developer API, SDK and partner program; Robinhood Chain support
Cons
- 2% per trade in the default mode, up to 10% in High Flat
- 30-day fees down to about $330,000 from a $25.7 million month
- Coins often trade on borrowed names and hype
How Bags scores
| Factor | Assessment |
|---|---|
| Fees (30%) | Expensive for traders at 2% default |
| Features (30%) | Best creator royalties and fee sharing we've seen |
| Track record (25%) | No platform hack found; coin-level blowups |
| Ease of use (15%) | Clear docs; fee modes add complexity |
Overall: 7.0/10. Method: about page.
Alternatives
- Pump.fun: cheaper on the curve, far more traders, and Holder Rewards for creators who'd rather pay holders.
- Bonk.fun: cheapest large option, with no creator fee on Classic launches.
- Jupiter Studio: 1% fee with half to the creator and locked liquidity.
More in Pump.fun alternatives and Bonk.fun vs Pump.fun.
