LetsBONK has surpassed Pump.fun in terms of the number of Tokens issued, the number of graduated Tokens, and trading volume in 24 hours on the Solana Meme coin platform.
In just one day, LetsBONK accounted for nearly 50% of the Token issuance market share, recording impressive trading volume, despite having fewer traders than Pump.fun, demonstrating superior development in technology and cash flow.
MAIN CONTENT
LetsBONK leads in the number of Tokens issued in 24 hours, surpassing Pump.fun.
The market share of Token issuance for LetsBONK accounts for nearly 50%, higher than Pump.fun.
The trading volume of LetsBONK increased by 86 million USD despite having fewer traders.
How has LetsBONK surpassed Pump.fun in Token issuance on Solana?
Data from The Block and analysis from Adam_Tehc – the creator of the Dune dashboard – shows that LetsBONK issued about 15,600 Tokens compared to Pump.fun's 11,500 Tokens in just 24 hours, confirming its leading position in the number of new Tokens on the Solana Meme coin platform from morning to afternoon on Sunday, July 7, 2024.
This proves that LetsBONK is effectively applying Token issuance technologies on the Solana blockchain with a fast process and a rich variety of Tokens, in line with the strong development trend of meme Tokens in recent times.
What is the market share and trading volume of LetsBONK compared to Pump.fun?
On the same afternoon, LetsBONK accounted for 49.80% of the Token issuance market share, surpassing Pump.fun with 40.90%. The 24-hour trading volume of LetsBONK increased by 86 million USD, although the number of active traders was only about half that of Pump.fun.
This information shows that the cash flow strength on LetsBONK is significant, even though the number of traders is still small, reflecting the trust of large investors and the ability to create good liquidity on the platform.
The rapid growth in Token issuance and liquidity shows that LetsBONK is leading the Meme coin trend on Solana, contributing to the development of the modern cryptocurrency ecosystem.
Adam_Tehc, Blockchain data analyst, July 2024
Why does LetsBONK have a high Token issuance rate but a lower number of traders?
According to market observations, LetsBONK focuses on issuing a diverse range of Tokens and maintaining high liquidity, attracting large capital flows, although the number of retail traders is not commensurate due to a lack of wide community development or weaker marketing strategies compared to Pump.fun.
Combined with on-chain data, this difference also comes from the approach to institutional investors and whales, creating strong demand even though it has not expanded to many retail traders.
What technological advantages help LetsBONK break through on Solana?
LetsBONK optimally exploits the fast processing capability and low costs of Solana, combined with a user-friendly interface, supporting automated Token issuance and integrating deep analytical tools via Dune Analytics.
In particular, LetsBONK emphasizes security and transparency of on-chain data, helping investors feel more secure when participating. According to the internal technical report of 2024, LetsBONK reduced the Token issuance time by 15%, while the ability to integrate with DApps and wallets increased by 30% compared to other platforms.
Frequently asked questions
What is LetsBONK? LetsBONK is a platform for issuing Meme coins on Solana, notable for its high volume of issued Tokens and large liquidity.
Why does LetsBONK surpass Pump.fun? Thanks to optimized technology for fast Token issuance, low fees, and the ability to attract large capital flows from institutional investors.
Is the trading volume of LetsBONK significant? In 24 hours, it increased by 86 million USD, indicating very strong liquidity despite a smaller number of traders.
What does the number of issued Tokens reflect? It shows the scale and growth potential of the platform, while also attracting capital flows to develop the meme Token ecosystem.
Does LetsBONK have any technological advantages? It leverages the strengths of Solana's blockchain in terms of speed and low transaction fees, improving user experience and security on the system.
Source: https://tintucbitcoin.com/letsbonk-vuot-pump-fun-ve-token-va-giao-dich/
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