Pump.fun's dominance is being threatened by emerging platforms, with a significant decline in daily 'graduated' token shares.

PANews reported on May 15 that Lookonchain cited Dune data indicating that Pump.fun's dominance is being challenged by new platforms such as Letsbonk.fun, Believe, and LaunchLab. Currently, among the daily 'graduated' tokens in the market, Pump.fun's share has dropped from 98% to 57.5%. Letsbonk.fun accounts for 17.9%, Believe for 12.9%, and LaunchLab for 5%.

Recently, the hottest meme coins (LAUNCHCOIN, GOONC, DUPE, Hosico, etc.) have been released on Letsbonk.fun or Believe.