- LetsBonk narrows revenue gap with PumpFun as Solana launchpad war intensifies
- Bonk-powered tokens dominate new launches, claiming over 60% market share
- Combined launchpad revenue stabilizes, signaling saturation or user migration
Solana’s memecoin launchpad ecosystem is undergoing a sharp shift, as Bonk-backed launchpad LetsBonk emerges as a strong contender in terms of both activity and revenue. Once dominated by Pump.Fun, the launchpad sector is now witnessing a fierce battle for market share, which has become evident since late June, with LetsBonk registering notable gains in revenue and token deployment volume.
With only a day left before the highly anticipated token sale event, market observers are closely watching Pump.Fun’s next move. Meanwhile, the Solana memecoin ecosystem is showing signs of growing competition and evolving user preferences, possibly setting the stage for a broader reshuffle, driven by changing user preference and capital flows.
Revenue Race Tightens
Throughout Q2, Pump.Fun maintained a clear lead, consistently pulling in over $1.5 million daily in revenue and peaking near $3.5 million in early June. However, that dominance has recently come under pressure.
Since late June, LetsBonk has rapidly gained ground, with daily revenues surging past $1 million by early July and this sudden spike has narrowed the gap between the two platforms, signaling a potential turning point in the battle for user attention.
Presently, the combined revenue across both platforms has now stabilized between $2 million and $2.5 million daily, hinting a growing saturation or a shift in capital allocation among launchpad users.
Hence, PumpFun’s ability to close its upcoming sale quickly could influence broader market sentiment. A successful kickoff may bring renewed optimism for the platform, while any delay or underperformance might accelerate user migration to LetsBonk.
Related: PumpFun Update: Will the $PUMP Launch Trigger a Price Surge?
Token Deployments Reveal Emerging Trends
Besides revenue, the market share of daily token launches highlight the shift in landscape. Notably, Pump.Fun had previously held near-total dominance, especially from March through mid-May. However, a wave of new entrants in late June has diluted this control and tokens launched via Bonk-powered platforms have captured attention.
Towards the last week of June, precisely after June 26, the shift became noticeable, after LetsBonk’s share of new deployments skyrocketed. By July 11, Bonk-powered tokens claimed over 60% of market share, suggesting a clear pivot in user preference. This momentum indicated not just curiosity, but possibly a lasting interest in Bonk-driven projects. Further, the pressure has intensified the need for innovation, improved user experience, and enhanced community engagement. As both platforms make attempts to improve their services, the broader meme coin launchpad space on Solana is becoming more dynamic and segmented.
Related: Uncertainty Clouds Pumpfun Token Plans Despite Official Rejection
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