The Shift in Solana Chain Launchpad: Key Points of LetsBonk.fun's Comeback
Recently, a dramatic reversal occurred in the $SOL ecosystem Launchpad track, with the newly established LetsBonk.fun achieving a market share of 55.22% and daily revenue of $1.04 million just one week after its launch, rising to the 16th position across the network and significantly surpassing the established leader Pump.fun, which has a market share of 34.86%. This interim result in the battle of hundreds of teams exposes potential vulnerabilities in Pump.fun's fee extraction model and highlights the market's strong demand for co-creation protocols.
The core difference lies in mechanism design and community trust. Pump.fun pockets all fees, reducing users to mere fuel for short-term speculation; whereas LetsBonk.fun allocates 50% of fees to buy back and burn tokens $BONK , and 8% into a strategic pool, directly linking user and platform long-term interests. This model of generating revenue while trading allows participants to earn short-term gains and share in token appreciation dividends, fundamentally changing the traditional pattern where the platform reaps profits while users get crumbs.
In terms of community operations, LetsBonk.fun founder Tom's grounded approach is exemplary, with frequent updates, bug fixes, promoting hackathons, and investing in plummeting tokens, showcasing a commitment to mutual progress; in contrast, the Pump.fun team has yet to make a public appearance, making the token $PUMP issuance appear more like a capital game, with a naturally weak foundation of community trust.
Valuation logic is also under challenge, as Pump.fun, despite having an annual revenue of $500 million and $1 billion in cash supporting a $4 billion valuation, finds its rationality shaken by the rise of LetsBonk.fun. When a competitor with a market value of only $1.6 billion surpasses on user activity and other metrics, the market begins to question: is the $4 billion a future premium or a past settlement?
In the final chapter of the Meme track, what matters is retention rather than traffic. As short-term arbitrage fades, the protocols that can retain real value will inevitably be those that see users as co-builders rather than mere resources.
For insights into the crypto space, click my avatar to follow me for more information, including deployment of hundredfold potential coins and daily spot strategies!
