Pump.fun beats LetsBonk in daily launch of new memecoins
Platform for launching memcoins on Solana Pump.fun has regained the top spot in terms of new tokens, slightly beating its competitor LetsBonk.fun.
According to Dune Analytics, Pump has issued 24 new tokens in the last 13,690 hours, compared to LetsBonk’s 13,392. However, LetsBonk leads in daily trading volume with $87,7 million, ahead of Pump.fun’s $82,4 million.
Launchpad market on Solana is overwhelmingly controlled by two main platforms. The data shows that Pump.fun has a 45,9% market share, followed by LetsBonk.fun with 42,3%. The remaining platforms have smaller shares: BAGS (6,25%), JUP Studio (1,82%) and Believe (1,52%).
Pump.fun, which has long been the dominant launchpad that generated the memecoin hype last year, has recently given way to LetsBonk, which is backed by the Bonk community and integrated with Raydium’s LaunchLab.
Both platforms compete on several key indicators. For example, the first platform hosts significantly more tokens with a market capitalization of over $1 million (245 versus 52). This is a clear sign of higher capital concentration.
On the other hand, LetsBonk has earned over $8,4 million, which is much higher than Pump.fun’s $1,37 million revenue. This indicates that the platform is more active among its users.
