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BONK Community’s LetsBonk Tops 14 of Last 15 Days as Solana Launchpad Metrics Flip
In a shocking turn of events, LetsBonk, the community-led launchpad backed by BONK memecoin, has surpassed Pump.fun in daily token launches on Solana (SOL) for the staggering 14 out of the last 15 days. This sudden shift marks a significant shift in the Solana ecosystem.
According to recent metrics, LetsBonk managed to generate over 28,000 token creations on a single day, a feat that Pump.fun failed to match with a paltry 9,000 token launches on the same day.
Let’s take a closer look at what led to this astonishing outcome. The BONK memecoin has seen an unprecedented surge in value, now boasting a staggering $2.7 billion market cap, compared to PUMP’s meager $1.3 billion. This meteoric rise is not a fluke; instead, it is the result of LetsBonk’s innovative design.
By allowing users to launch tokens without writing code and automatically listing them on Raydium with routing through Jupiter, LetsBonk has managed to create a seamless experience for its users. Additionally, the platform’s rewards system is crystal clear, offering BONK buybacks and burns, support for Solana validators, and reinvestment into the platform itself.
Meanwhile, Pump.fun, once considered the dominant force in the Solana ecosystem, appears to have lost steam due to its failure to deliver on early promises. The token’s value has plummeted by 45% since the beginning of July.
Source: coinchapter.com
