For the first time, LetsBonk has surpassed Pump.fun to become the top meme coin launch platform in the past 24 hours.
While LetsBonk overtaking Pump.fun is a positive signal, the sustainability of this success still needs to be proven over time.
The Rise of LetsBonk
With over 55.30% market share and a 24-hour trading volume of 539 million USD, LetsBonk is solidifying its position in the bustling crypto market. This breakthrough is a numerical victory and reflects the meme coin launchpad’s development strategy within the Solana ecosystem.
LetsBonk leads the list of launchpad platforms, surpassing long-standing rival Pump.fun. Source: Jup
In the past 24 hours, according to Dune, LetsBonk launched an impressive 18,093 meme coins, a remarkable figure compared to other meme coin launchpads. Among them, meme coins like SAVOUR and WUKONG have created significant waves, contributing to the platform’s growing popularity.
This demonstrates that LetsBonk is focused on quantity and adept at leveraging market trends to attract investors. The success of projects like SAVOUR – with its unique culinary theme – and WUKONG – inspired by Chinese culture – highlights LetsBonk’s creativity and flexibility in catering to the diverse preferences of the community.
LetsBonk performance. Source: Dune
Another highlight is that LetsBonk’s fee revenue in the past 24 hours surpassed 1 million USD, outpacing Pump.fun, according to data from DeFiLlama. This figure reflects transaction growth and shows that the platform is optimizing its business model.
LetsBonk’s fee revenue. Source: DefiLlama
LetsBonk’s rise comes amid an increasingly fierce battle among launchpad platforms, especially as Pump.fun had previously dominated the space. With a strategy focused on liquidity, reducing supply pressure, and strategic revenue distribution, LetsBonk is reshaping market trends.
Meanwhile, Pump.fun shows many signs of decline in the meme coin launchpad segment. Nearly 90% of the top Pump.fun traders might be AI trading bots. And 60% of traders on Pump.fun are losing money.
