Propose an edit: Bags

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Title Category One sentence summary Infobox, one "key: value" per line Article body, markdown, use [[wiki links]] and end with a ## References section

## Function

Bags, hosted at bags.fm, is a Solana token launchpad built on Meteora's dynamic bonding curve infrastructure that treats trading fees as a creator royalty. Every token launched on the platform embeds a fee sharing configuration: by default 1 percent of trading volume flows to the designated royalty recipients, paid in SOL, in perpetuity. A launcher can route up to 90 percent of those fees to other people simply by entering their social handles, so a coin can be launched in someone's name with the fees waiting for them to claim after verifying the linked account. Creators can also share fees with holders: platform documentation describes automatic distributions every 24 hours once at least 10 SOL is unclaimed, paid proportionally to the top 100 holders. The platform pairs this with account verification and a mobile app, positioning itself as a creator economy layer on the launchpad model pioneered by [[pump.fun]].

## Use in the trenches

The handle based royalty system produced a distinctive meta: traders launch coins for public figures, open source projects or memes and advertise that the fees belong to the subject, an implicit invitation for the subject to claim the coin. This has also drawn criticism, with commentators arguing that unsolicited fee assignments put public figures in an awkward position and can be used as marketing bait; such characterizations are the authors' own. Bags claims more than 21 million dollars earned by creators on the platform.

## History

Bags launched in 2025 and spent its first months as a mid tier launchpad. Its breakout came in January 2026 when GAS, a token tied to the open source AI coding agent orchestrator Gas Town, surged 682 percent in 24 hours. The Defiant reported Bags capturing roughly 33.5 percent of daily launchpad volume on [[jupiter]]'s leaderboard, about 293 million dollars, second only to [[pump.fun]], as a wave of AI coding themed tokens on the platform posted extreme gains, including RedwoodJS at a reported 31,000 percent.

## Status in 2026

Bags is active in 2026 and is regarded as one of the main survivors of the 2025 launchpad wars, occupying the creator fee niche while [[pump.fun]] retains the default flow and the [[ai agent meta]] periodically routes attention its way.

## References

- https://thedefiant.io/news/defi/bags-launchpad-activity-surges-after-gas-token-soars-700
- https://dev.to/sivarampg/bagsfm-the-solana-launchpad-thats-changing-creator-monetization-4g7n
- https://solanacompass.com/projects/BAGS
- https://tradetheday.com/launchpads/bags-fm

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