LetsBonk has taken the lead among memecoin launch platforms, surpassing Pump.fun for the first time in the last 24 hours. However, the sustainability of this advance still depends on its future performance.
LetsBonk achieved a 55.30% market share, with a 24-hour trading volume of $539 million, according to Dune data. This movement positions the platform as the main operator of launches within the Solana ecosystem.
LetsBonk's performance. Source: Dune
During this period, LetsBonk launched 18,093 memecoins, numerically consolidating its position ahead of its competitors. Among the highlights, memecoins like SAVOUR and WUKONG contributed to this performance. The former has a culinary theme, while the latter is inspired by Chinese culture, reflecting the company's strategy to cater to different niches in the crypto community.
LetsBonk leads the list of launch platforms, surpassing long-time rival Pump.fun. Source: Jup
According to DeFiLlama, LetsBonk generated fee revenue exceeding $1 million in the same timeframe, surpassing Pump.fun. This figure showcases the increase in transactions and suggests that the platform is optimizing its monetization model.
What is behind Pump.fun's decline?
The growth occurs amid fierce competition with Pump.fun, which previously led the segment. LetsBonk's strategy is based on providing liquidity, limiting supply pressure, and a differentiated revenue distribution.
While LetsBonk advances, Pump.fun shows signs of retraction. Data indicates that nearly 90% of the platform's top traders may be bots with automated trading systems based on Artificial Intelligence. Additionally, 60% of users are trading at a loss.
LetsBonk's short-term leadership highlights changes in market participants' preferences, although it is still early to assess whether the platform will maintain long-term performance.
LetsBonk's fee revenue. Source: DefiLlama
Although LetsBonk has surpassed Pump.fun, the sustainability of this success still needs to be proven over time.
The article 'LetsBonk surpasses Pump.fun and leads memecoin launches' was first seen on BeInCrypto Brazil.
