Finance

BonkFun Overtakes PumpFun as Solana’s Top Memecoin Launchpad

2 days ago
Bitcoin Ethereum News

BonkFun has just flipped the script. It now claims the top spot in Solana’s memecoin launch market. Monthly revenue data shows BonkFun pulling ahead of PumpFun for the first time ever.

Since January 2024, PumpFun dominated. It amassed over $800 million in fees in just one year. It ruled meme launches on Solana. But the game changed in July.

From July 1 to July 31, BonkFun generated over $37 million in revenue. PumpFun claimed second place with $15 million. That’s a massive swing in market share—and in mindshare.

Data from CoinMarketCap reveals the full picture. BonkFun has driven more than $540 million in trading volume across 175,000 token launches. That translates to roughly $34 million in fees. BonkFun now commands 55.2 percent of the memecoin launch market. PumpFun trails with 34.9 percent, having handled $341 million in volume.

What sparked this meteoric rise? Two factors stand out. First, BonkFun rolled out stronger token incentives. Second, it launched an aggressive BONK buyback and burn program. Half of all platform fees go directly toward buying and burning BONK tokens. That deflationary mechanism has stoked demand—and given holders a clear reason to stay engaged.

BonkFun’s growth curve is steep. In just two months, it leapt from challenger to leader. Users flock to the platform for its lean fee structure and tangible token rewards. Communities buzz. Social channels light up with launch announcements and token airdrops.

BonkFun Sparks Rapid Growth 

The top memecoin born on BonkFun is #USELESS. It now sits at over $300 million in market cap. The token’s success story exemplifies the platform’s power to incubate viral projects. As more teams choose BonkFun for their token launches, the ecosystem gains traction—and all participants stand to profit.

Pump.fun vs LetsBONK.fun: Solana Meme-Launchpads, Successful Launches, Rugs, Volume And Trending Tokens To Watch

Indeed, early adopters often reap the greatest rewards. With BonkFun’s buyback program accumulating BONK tokens daily, holders benefit from regular deflation. That makes the platform’s native token not just a governance tool, but a speculative asset in its own right.

Figures speak louder than hype. Since July began, BonkFun’s $37 million in revenue more than doubles PumpFun’s $15 million. That surge highlights a broader shift in capital flows. Users now prefer platforms that align community incentives with tokenomics. BonkFun delivers on both fronts.

What’s next for Solana’s memecoin scene? Expect even fiercer competition. PumpFun won’t surrender easily. It still boasts a massive user base and established launch pipeline. But it must now contend with BonkFun’s momentum, and the deflationary allure of BONK.

For project teams, BonkFun presents a compelling value proposition. Fast launch times. Transparent fees. Immediate buyback support for their native tokens. For traders, it offers a steady drip of token burns that may buoy BONK’s price.

The memecoin launchpad sector has entered a new era. BonkFun leads the charge with novel tokenomics and community-first incentives. PumpFun remains formidable, but it now plays catch-up.

As the market evolves, one thing is clear: the earlier you dive into BonkFun, the more you stand to gain. With its buyback-driven deflation and explosive launch volume, BonkFun is set to dominate Solana’s token launch ecosystem, perhaps for months to come.

Stay tuned. This race is only just beginning.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Source: https://nulltx.com/bonkfun-overtakes-pumpfun-as-solanas-top-memecoin-launchpad/