Solana’s Memecoin Sector Witnesses a Revenue Upset
In a significant shake-up within the Solana blockchain’s memecoin sector, LetsBonk has overtaken PumpFun in daily revenue generation. Data from decentralized finance aggregator DefiLlama shows that LetsBonk earned $1.04 million in revenue within 24 hours, nearly double the $533,412 recorded by long-time frontrunner PumpFun. The surprising surge has propelled LetsBonk to the top of the 24-hour leaderboard, marking a rare shift in dominance within the competitive memecoin launchpad space.
LetsBonk Gains Momentum Backed by BONK Community
LetsBonk’s rapid ascent has been attributed largely to the support of the BONK memecoin community, known for its vibrant social media presence and enthusiastic user base. BONK, a widely popular Solana-based token, boasts over 430,000 followers on X and continues to see significant trading activity. According to CoinGecko, the memecoin currently holds a market capitalisation of approximately $1.8 billion with a 24-hour trading volume of $1.2 billion, positioning it as the 58th largest crypto token globally.
Launched on April 25, LetsBonk brands itself as a self-serving memecoin launchpad built to challenge existing platforms by offering creators more flexibility and community ownership. Its team has openly criticised what they describe as “predatory practices” in the memecoin sector and aims to position LetsBonk as a long-term alternative that aligns with the vision of decentralisation on Solana.
Strategic Partnerships and Promised Features
The LetsBonk team has also announced a strategic partnership with decentralised exchange Raydium’s LaunchLab contract. This collaboration is expected to enhance user access to liquidity pools and automated trading bots, creating a more seamless experience for memecoin creators and traders alike.
Additionally, the team behind LetsBonk has pledged to roll out advanced features, deeper platform integrations and a roadmap focused on community-driven growth. These factors appear to be resonating with both users and developers, leading to its recent spike in popularity and revenue.
PumpFun Maintains Long-Term Lead
Despite the recent momentum shift, PumpFun continues to dominate the broader memecoin market over a longer timeframe. DefiLlama’s data indicates that PumpFun has recorded more than $37 million in revenue over the past 30 days, significantly ahead of LetsBonk’s $4.5 million during the same period. This suggests that while LetsBonk is making a strong entry, PumpFun’s user base and project volume remain substantial.
PumpFun has long held the top spot as the preferred launchpad for memecoin projects on Solana, known for its ease of use and established community. It remains to be seen whether LetsBonk can sustain its current growth and convert its daily success into long-term dominance.
BONK Price Soars After LetsBonk Launch
Interestingly, the launch of LetsBonk has had a positive impact on the BONK memecoin itself. Since the platform’s debut on 25 April, BONK has seen a nearly 52 percent increase in price. At launch, the token was priced at approximately 0.00001535, but it has since risen to around 0.00002332, according to CoinGecko.

This rise in price underscores the influence of ecosystem developments on token performance. BONK’s upward trend suggests that the market is responding favourably to initiatives that strengthen its utility and community engagement.
The Road Ahead for Solana Memecoins
The battle between LetsBonk and PumpFun signals a new era of competition in Solana’s memecoin ecosystem. While PumpFun continues to hold the lion’s share of the market in terms of cumulative revenue, LetsBonk’s recent success reflects the growing appetite for alternative platforms that offer greater autonomy and community alignment.
With more features and integrations promised, LetsBonk could pose a serious challenge to the current status quo if it continues to attract users and developers at the current pace. As the memecoin sector evolves, platforms that can balance innovation, user trust and scalability are likely to emerge as leaders in this fast-moving segment of the crypto market.