Author: Nancy, PANews
The MEME coin issuance platform arena has welcomed new changes. After just a few months of intense competition and continuous iteration, Letsbonk.Fun has finally achieved a milestone victory, reversing the long-standing leader Pump.fun on multiple core data points, becoming a new-generation hub for token issuance traffic.
The landscape of token issuance platforms is changing, and Letsbonk.Fun has surpassed Pump.Fun in multiple indicators for the first time.
Pump.fun, which has long held a dominant position, has recently been surpassed by the rising star Letsbonk.Fun on multiple key data dimensions, attracting widespread market attention.
According to the latest data from Jupiter, in the past 24 hours, Letsbonk.Fun's market share has reached 54.5%, surpassing the long-term dominant Pump.fun (35.5%) for the first time, and has overtaken dozens of similar Launchpad platforms.
In terms of trading volume, Letsbonk.Fun's total transaction volume in the past 24 hours reached $570 million, while Pump.fun's trading volume was $370 million. This gap indicates a significant shift in the flow of funds, suggesting that user activity and on-chain capital efficiency are leaning towards Letsbonk.Fun, and its capital absorption effect is gradually amplifying. It is also under the impetus of Letsbonk.Fun that the recent data from cooperative development partner Raydium has surged significantly.
Moreover, the main battleground for on-chain minting is also shifting towards Letsbonk.Fun. According to Dune's on-chain data, on July 6 alone, the number of tokens issued by Letsbonk.Fun reached 16,797, while Pump.fun only issued 7,537 during the same period, with a difference of more than double. Furthermore, looking at the top 25 tokens by market value issued in the past 24 hours, only 6 came from Pump.fun, while the remaining 19 were issued by Letsbonk.Fun, further confirming its strong attraction for hot funds and community traffic.
Even more noteworthy is that Letsbonk.Fun's token 'graduation rate' is as high as 75.1%, more than three times that of Pump.fun (24.5%) and far higher than LaunchLab's 0.4%. This indicator shows that Letsbonk.Fun not only attracts a large number of users to issue tokens but is also establishing its own core ecological stickiness.
Although Pump.fun has been fully caught up in market share and trading activity, it still maintains an advantage in the number of active addresses. Dune data shows that Pump.fun had over 94,000 active addresses on July 6, significantly higher than Letsbonk.Fun (about 38,000) and LaunchLab (about 31,000). This also indicates that Pump.fun still maintains a large user base and platform stickiness at this stage.
Funding, consensus, and ecological resonance, Letsbonk's comeback as a focal point on the chain.
Today, the landscape of token issuance platforms has shown a competitive pattern of blooming flowers, with more and more Launchpads joining this battle for narrative and consensus, such as the recent launch of Moonshot Create by Moonshot and the launch of Jupiter Studio by Jupiter. However, these platforms are still in the early exploratory stages and have not yet formed a sustained attractive funding closed loop and community consensus.
The reason why Letsbonk.Fun has become a focal point on the chain is not just a simple game of traffic, but a multi-dimensional game revolving around token value, community identity, platform transparency, and ecological innovation.
One of the core drivers behind Letsbonk.Fun's successful rise is the star MEME coin USELESS within the ecosystem. Data shows that as of July 7, the market value of the Bonk ecosystem exceeds $500 million, with the leading USELESS accounting for more than half of that. Its token market value has reached a peak of $320 million. In the past month, USELESS's highest increase has exceeded 38.2 times, and this astonishing return rate has greatly stimulated the participation enthusiasm of market funds and users. Moreover, looking at the number of holding addresses, there are currently over 20,000, with an average holding amount of about $13,000, reflecting strong community identity and trust. More importantly, Holder data shows that in the past month, the number of USELESS holding addresses has shown a steady upward trend, rising in sync with market value. This dual drive of capital and community foundation further strengthens the short-term explosive potential and market attention of USELESS and even Letsbonk.Fun.
The community's activity and appeal of Letsbonk.Fun are equally noteworthy. Founder TOM has a strong personal influence; he is one of the important members of the MEME coin BONK and has received support from key ecological forces in Solana such as toly, Jupiter, and MoonPay. TOM continues to interact frequently on social media and within the community, actively responding to user feedback, sharing platform progress, and publicly using his personal wallet to purchase MEME coins on the platform, further enhancing the sense of community identity and participation enthusiasm. Meanwhile, crypto KOL Unipcs (@theunipcs), as an early promoter of BONK and one of the largest holders of USELESS, has injected strong trust backing into the platform. Unipcs invested about $360,000 in USELESS in May this year, and the single coin has already generated a profit of over $7.2 million without selling off, and recently exchanged some of the obtained MEME coins SAVIOUR for $223,000 worth of USELESS. This diamond-handed spirit greatly enhances market confidence in the platform.
Not only that, compared to similar projects, Letsbonk.Fun shows significant advantages in cost distribution and operational transparency. The platform charges a 1% fee on each transaction and clearly allocates the revenue to BONK token buybacks and burns, BONKsol validator staking, GP reserves, ecological development, platform operations, etc. This mechanism not only forms a healthy capital cycle but also discloses key operational data, such as revenue distribution, token issuance, and website traffic, to the community in real-time through a public dashboard, greatly enhancing community participation and trust. Official data shows that as of now, Letsbonk.Fun has generated a total of 68,000 SOL in revenue, of which more than 34,000 SOL has been used for BONK token buybacks and burns, about 10,000 SOL for BONKsol validator staking, and over 52 million SOL as GP reserves. In contrast, Pump.fun, due to high revenue, has failed to effectively reinvest in the community, encountering community doubts of "greed" and "lack of transparency."
Beyond mechanisms, Letsbonk.Fun has further solidified its ecological vitality through a series of active incentive measures. For example, the platform has collaborated with BonkAI to launch a $10,000 incentive program to encourage innovative projects and outstanding developers to settle in; at the same time, the platform also offers a reward of 15,000 USDC for outstanding projects, greatly stimulating innovation vitality and community participation within the ecosystem. Recently, Letsbonk also launched a month-long hackathon competition with a prize pool of $200,000.
Overall, in this fierce on-chain battle, Letsbonk.Fun has successfully executed a remarkable comeback. However, Pump.fun still possesses a large active user base, and as more Launchpads join in the future, competition will become increasingly fierce, and the MEME ecosystem will become more diverse and complex.
(The above content is excerpted and reproduced with the authorization of partner PANews, original link)
"Letsbonk's comeback as the 'token issuance platform' leader, surpassing Pump.fun in multiple indicators for the first time" was originally published by (Block Beasts).
