The memecoin launch platform market in the Solana ecosystem has formed a dual oligopoly with PumpFun and LetsBonk. Since 2025, PumpFun has maintained about 80% market share among graduated tokens, but in early July, LetsBonk quickly seized nearly 70% market share. On August 6, PumpFun regained the lead in the issuance of new tokens within 24 hours, and its market share has rebounded to about 75%. (The Block)