Let’sBONK: Solana’s Leading Memecoin Launchpad for Flips & Fun!
LetsBONK Surpasses Pumpfun as Leading Solana Memecoin Launchpad
A Shift in Market Dynamics
In a significant turn of events, the memecoin launchpad LetsBONK has taken the lead in both trading volume and revenue over the past 24 hours. As of July 8, it has outperformed the long-standing leader, Pumpfun, marking a notable shift in the Solana ecosystem.
Market Share and Trading Volume
Currently, LetsBONK commands a market share of 47.4%, boasting an impressive daily trading volume of $528 million. In contrast, Pumpfun holds a 41.2% share with $363 million in trading volume, according to data from the Solana DEX aggregator, Jupiter. Just a few months ago, in mid-April, Pumpfun dominated the market with a staggering 99% share, as reported by Dune Analytics.
Token Minting Leader
In addition to its trading success, LetsBONK has also emerged as the top platform for token mints, achieving 20,234 mints in the last 24 hours, while Pumpfun recorded 9,762 mints during the same period.
Competitive Features
Both platforms provide essential tools for launching and trading memecoins on the Solana blockchain. However, LetsBONK distinguished itself upon its launch in April by offering token creators 1% of trading fees, prompting Pumpfun to respond with a 0.05% offer shortly thereafter.
Social Media Influence
LetsBONK benefits from the backing of the Bonk (BONK) token creators, a well-known memecoin within the Solana community and currently ranked 60th by market capitalization. The official X account of BONK has amassed over 433,000 followers, amplifying LetsBONK’s visibility. On July 6, when LetsBONK’s market share peaked at 50%, founder @SolportTom remarked on X, noting the widening gap between the two platforms.
User Engagement Disparity
Despite LetsBONK’s revenue exceeding Pumpfun’s—$1.23 million compared to $520,000—data from DeFiLlama indicates that Pumpfun still leads in user engagement, with 364,000 traders compared to LetsBONK’s 196,000, as per Jupiter’s findings.
The Rise of Useless Coin
A significant portion of LetsBONK’s recent growth can be attributed to Useless Coin (USELESS), a memecoin launched on its platform that has skyrocketed nearly 2,000% in value over the past month. This coin, which humorously claims to be “absolutely useless,” has become one of the few successful projects from the recent surge in launchpad activity.
Upcoming Developments for Pumpfun
On July 7, a countdown page appeared on the centralized exchange Gate, indicating an upcoming initial coin offering for Pumpfun’s PUMP token, scheduled for July 12. However, the page was removed shortly after its appearance. Reports suggest that Pumpfun aims to raise $1 billion through both private and public sales of this token, according to sources familiar with the situation.
In summary, the competitive landscape of Solana’s memecoin launchpads is evolving rapidly, with LetsBONK currently leading in key metrics while Pumpfun remains a formidable player in user engagement.
