LetsBonk occupies 50% of the Meme Coin market, challenging the monopoly of Pump.fun.

Since its debut in January 2024, Solana's Dogecoin market has been dominated by Pump.fun, but a newcomer—LetsBonk—has quickly risen, capturing nearly half of the daily token creation volume, disrupting Pump.fun's long-standing monopoly. In the past three days, LetsBonk has set record fees, while Pump.fun's activity has gradually weakened, showcasing a significant shift in user preferences and platform dynamics. As a content creator for Gate, I will analyze how LetsBonk achieved this feat, why Pump.fun has struggled, and what this means for traders focused on future airdrops and Dogecoin issuance.

##Why LetsBonk is Leading in Token Creation and Graduation

According to on-chain analysis from Jup.ag, LetsBonk is currently handling 49.5% of all new memecoin minting, with 192 tokens entering decentralized exchanges in a single day – more than double the 87 tokens from Pump.fun. LetsBonk's daily token issuance has exceeded 22,000, compared to Pump.fun's 8,151, showcasing the ability of this emerging platform to onboard projects at an unprecedented scale. Despite criticism of robot-driven automation, the reliability of the LetsBonk platform and its low fee environment have attracted crypto enthusiasts and airdrop hunters, allowing it to surpass the once-unstoppable Pump.fun.

What caused Pump.fun to stagnate while LetsBonk rose?

The momentum of Pump.fun has slowed due to the delay of its highly anticipated PUMP token generation event (TGE) and the community's growing dissatisfaction with the lack of local airdrops. Meanwhile, LetsBonk leverages the existing BONK token ecosystem — rewarding creators through meaningful incentives and community grants — to spark organic interest. As Pump.fun's daily fees fell to $817K, LetsBonk recorded $1.36 million in transaction fees, reaching an all-time high and jumping into the top 15 fee-generating projects on the Solana platform. This decoupling from Pump.fun's speculation-centered model highlights how execution speed and community alignment can disrupt entrenched market positions.

##How LetsBonk Constructs Its Token Ecosystem

In addition to the pure minting volume, LetsBonk has also planned a diversified ecosystem token array worth nearly $500 million, led by its flagship token USELESS Coin. The platform integrates real-time market sentiment indicators, rewards creators with SOL, and allocates part of the fee revenue for token buybacks and deflationary burns. These measures not only reward early participants but also help stabilize the token price after graduation, increasing the confidence of Meme token traders on Gate when participating in LetsBonk's airdrop events and liquidity mining programs.

##Comparative Activity Stats: LetsBonk vs. Pump.fun

| Metric | LetsBonk.fun | Pump.fun | | --- | --- | --- | | Market Share (Newly Minted Tokens) | 48.90% | 39.80% | | Tokens Issued Daily | 22,000+ | 8,151 | | Daily Graduated Tokens | 192 | 87 | | 24-hour trading fees | 1.36 million USD | 817,000 USD | | Ecosystem Value | ~500 million USD | N/A |

This positive comparison highlights LetsBonk's rapid rise and Pump.fun's slowdown, marking the restructuring of Solana's meme-coin launch platform tier.

##Frequently Asked Questions

1. Is LetsBonk's growth sustainable? A: Although robot activities will inflate the original launch numbers, LetsBonk's emphasis on community grants, token burn mechanisms, and strategic BONK partnerships indicates its long-term roadmap rather than a fleeting hype cycle.

2. Can Pump.fun regain market share? A: The upcoming PUMP TGE and promised airdrop from Pump.fun may reignite user interest, provided that the platform offers transparent token economics and timely incentives that align with the friendly model of LetsBonk's creators.

3. How can I participate in these platforms on Gate? A: Gate supports deep liquidity for SOL and BONK trading pairs, offering ultra-low fees for minting and swapping, along with an airdrop tracker to alert you of the upcoming snapshot windows for Pump.fun and LetsBonk.

The rapid rise of LetsBonk has almost captured 50% of the memecoin market share on Solana, indicating that even mature players like Pump.fun can be replaced by platforms that align better with community needs. Gate remains your trusted gateway to both ecosystems—providing you with the trading infrastructure, cost efficiency, and airdrop monitoring tools you need in this evolving environment.

Author: Blog Team *The content of this article does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. *Please note that Gate may restrict or prohibit the use of all or part of its services from restricted locations. For more information, please refer to the user agreement.