LetsBonk surpasses Pump.fun, dominating the launchpad token market on Solana.

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LetsBonk — launchpad token platform on Solana backed by BONK — continues to experience strong growth in recent weeks, consistently setting new records in every quantitative metric.

In the past week, a total of about 150,000 tokens have been launched on LetsBonk, an increase of about 14% compared to the 132,000 tokens from the previous week. Notably, on July 18, there was a historic milestone with 26,600 tokens launched in just one day — the highest number ever.

This explosion of LetsBonk has directly taken market share from the competitor Pump.fun. As of now, LetsBonk holds about 64% of the market share of launched tokens — a significant increase from just 5% a month ago. In contrast, Pump's market share has sharply decreased from over 90% to only 24% during the same period.

Not only stopping at the number of tokens launched, the number of "graduated" tokens ( that met the listing requirements after the launchpad ) on LetsBonk has also continuously broken records. On Wednesday, July 16, a total of 282 tokens graduated from this platform, an increase of 20% compared to the previous record of 234 tokens last week. LetsBonk currently also dominates with a 79% share of graduated tokens, while Pump only achieved 18% last Friday.

In terms of trading volume, LetsBonk has officially surpassed Pump. Just on Friday, LetsBonk recorded about 179 million USD, much higher than Pump's 52 million USD. Notably, just a month ago, LetsBonk was trading under 10 million USD/day, while Pump averaged 15 times that amount.

The surge in trading volume also helped LetsBonk rake in an impressive fee, with over 8 million USD in transaction fees in just one week. Meanwhile, Pump only managed to get about half of this amount in the same period.

About the tokens of the two platforms: PUMP token was launched on July 14, after completing the public sale round with a valuation of 4 billion USD. This token peaked at 6.8 billion USD just 36 hours later, but has decreased to 4.4 billion USD at the current time.

On the contrary, BONK — the native token of LetsBonk — had a valuation of 2.25 billion USD when PUMP launched, increased to 3.6 billion USD midweek, and is currently around 3 billion USD. In the past 30 days, the market capitalization of BONK has increased by nearly 200%, making it one of the best-performing assets in the cryptocurrency market today.

Thạch Sanh

TOKEN-2.73%
SOL-4.59%
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