LetsBonk Tops Pump.fun in Daily Revenue
LetsBonk Outpaces Pump.fun in Daily Revenue
Solana memecoin launchpad LetsBonk recently exceeded its competitor, Pump.fun, in 24-hour revenue, according to data from DefiLlama. LetsBonk generated $1.04 million in the past day, almost double Pump.fun's $533,412. This marks a notable change in the Solana memecoin sector, where Pump.fun usually leads.
Both platforms simplify memecoin launches and trading. However, LetsBonk's growth is attributed to strong community support from the BONK memecoin community and effective social media campaigns. BONK, a popular Solana-based memecoin, boasts over 430,000 X followers. CoinGecko shows its market capitalization near $1.8 billion and a 24-hour trading volume exceeding $1.2 billion, ranking it as the 58th largest cryptocurrency by market cap.
Protocol rankings by revenue. Source: DefiLlama
Pump.fun Maintains 30-Day Revenue Lead
Launched on April 25th, LetsBonk describes itself as a "self-serving launchpad for memecoins," aiming to counter what it sees as exploitative practices. The team stated their commitment to Solana's long-term success, promising advanced features and community-driven growth. They've also partnered with Raydium's LaunchLab contract, providing users access to pools and bot integrations.
While LetsBonk’s daily revenue surged, Pump.fun retains its dominance over the longer term. DefiLlama data reveals Pump.fun earned over $37 million in the past 30 days, compared to LetsBonk’s $4.5 million.
BONK Price Increase Since LetsBonk Launch
The rise of LetsBonk appears to have positively impacted BONK's price. Since April 25th, BONK's value increased by nearly 52%, from approximately 0.00001535 to 0.00002332 (at the time of writing).
Note: Codeum offers comprehensive blockchain security solutions, including smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies. We ensure secure and reliable blockchain development.