The memecoin wars on Solana just got a little more interesting.
LetsBONK, also known as Bonk.fun, has officially unseated Pump.fun as the top launchpad for daily memecoin volume, token launches, and graduations, at least for now.
It marks the first time since Pump.fun’s debut in January 2024 that the platform hasn’t led the pack.
Volume, launches, and a growing share of the memecoin pie
According to data from a Dune dashboard by Adam_Tehc, LetsBONK passed Pump.fun in 24-hour token launches, ultimately tallying roughly 18,620 new tokens compared to Pump.fun’s 9,600.
Beyond launches, the Bonk-themed platform also saw 203 tokens “graduate” in the past day (tokens moving from presale to live trading), outpacing Pump.fun’s 55.
In terms of volume, LetsBONK edged out its rival again, racking up over $86 million more in 24-hour trading volume.
Solana DEX aggregator Jupiter showed LetsBONK holding a 49.8% market share as of Sunday afternoon, while Pump.fun trailed at 40.9%.
Interestingly, Pump.fun still had more than twice the number of active traders, suggesting it’s not just about how many users, but how big their bags are.
LetsBONK founder Tom (aka @SolportTom on X) acknowledged the milestone but made clear the battle for dominance is far from over. “Still a long road ahead to make sure this is a daily occurrence, but the battle is on,” he posted.
The BONK factor and useless coin's rise
Launched in April 2024, LetsBONK has woven the BONK memecoin deeply into its ecosystem.
Half of all platform fees are used to buy and burn BONK, while other revenue supports BONKsol, a liquid staking derivative, and other Solana-based initiatives.
The platform also just wrapped up entries for a $200,000 hackathon and is reviewing submissions this week.
Among its success stories is Useless Coin, which currently holds a market cap of around $279.5 million according to CoinGecko.
Meanwhile, BONK itself traded at $0.0000229 at the time of writing, up 2.9% on the day and nearly 55% over the past month.
The memecoin market may be chaotic, but it’s clear that Bonk.fun is doing more than just barking, it’s biting too.
