Solana’s memecoin ecosystem witnessed a major shift as LetsBonk, a rising launchpad platform, overtook long-time leader Pump.fun in daily revenue. According to updated metrics from DefiLlama, LetsBonk generated $1.04 million in revenue within 24 hours — nearly doubling Pump.fun’s $533,412 during the same period.
This marks the first time a Solana-based launchpad has flipped Pump.fun in short-term earnings, signaling growing momentum behind the Bonk-powered platform.
What is LetsBonk?
LetsBonk is a memecoin launchpad built on the Solana blockchain. Launched on April 25, the platform promotes itself as a “self-serving launchpad for memecoins” with an emphasis on community-led growth and resistance to predatory token launch practices.
The rise of LetsBonk is closely tied to the success of BONK, the viral Solana-based memecoin with over 430,000 followers on X (formerly Twitter). BONK currently holds a market cap nearing $1.8 billion, with a 24-hour trading volume exceeding $1.2 billion, ranking it among the top 60 cryptocurrencies globally.
Community Strength and Revenue Surge
LetsBonk’s recent revenue surge is attributed to aggressive social media marketing and grassroots support from the BONK community. The platform has also integrated with Raydium’s LaunchLab, offering users bot-friendly contracts and seamless liquidity pool access.
The combination of accessible tools, community trust, and technical partnerships has helped LetsBonk attract new users and projects at an accelerating rate.
Pump.fun Still Leads in Long-Term Metrics
Despite losing ground in daily metrics, Pump.fun remains dominant over the longer term. Data from DefiLlama shows Pump.fun recorded over $37 million in revenue across the past 30 days, compared to LetsBonk’s $4.5 million during the same timeframe.
Still, the short-term spike in LetsBonk’s revenue reflects a growing appetite for alternative memecoin platforms, particularly those emphasizing decentralized control and transparency.
BONK Token Sees 52% Price Rally
Since LetsBonk’s launch, the price of the BONK token has also rallied. On April 25, BONK was trading at $0.00001535. As of the latest data, it trades at approximately $0.00002332, reflecting a 51.9% increase in value.
This growth suggests that LetsBonk’s popularity is directly contributing to BONK’s market performance, reinforcing the feedback loop between platform utility and token value.
Diagnosis
The memecoin space on Solana is rapidly evolving. LetsBonk’s breakout performance may signal a new era of competition among launchpads. While Pump.fun continues to dominate long-term charts, LetsBonk is proving that community-driven innovation can shake up even the most established players in the decentralized ecosystem.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.