The Solana memecoin launchpad LetsBonk has outperformed its competitor Pump.fun in terms of 24-hour revenue, according to data from DefiLlama. LetsBonk generated $1.04 million, nearly doubling Pump.fun's $533,412. This shift in the Solana memecoin landscape is notable, as Pump.fun has usually led the market. Both platforms facilitate the launch and trading of memecoins, but LetsBonk is gaining popularity, bolstered by the Bonk community and its marketing efforts. BONK, a leading Solana memecoin, boasts over 430,000 followers on X and has a market cap of nearly $1.8 billion, with a trading volume of $1.2 billion. Launched on April 25, LetsBonk aims to provide a fair platform for memecoins, addressing predatory practices in the industry. The team has also partnered with Raydium’s LaunchLab for enhanced features. Despite LetsBonk's recent success, Pump.fun remains dominant over the past month, with $37 million in revenue compared to LetsBonk's $4.5 million. Read more AI-generated news on: https://app.chaingpt.org/news

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