LetsBonk’s market share of Solana meme token launchpad grows to 64%
LetsBonk, the BONK-backed Solana-based token launchpad, has maintained its momentum from prior weeks and continued to make record highs in every quantifiable metric.There were a total of roughly 150,000 tokens launched on LetsBonk last week, representing a ~14% increase compared to the 132,000 tokens launched throughout the prior week. This metric also made a new record with 26,600 tokens launched in a single day on Friday, July 18.This momentum has been at the expense of pump.fun, as LetsBonk’s market share in terms of tokens launched currently stands at roughly 64%, compared to just 5% a month ago. On the other hand, Pump's market share in this regard has fallen from over 90% to 24% in the same period.The exponential growth in tokens launched has not been an isolated metric either, as the number of token graduations on LetsBonk made record highs as well. On Wednesday, July 16, 282 tokens graduated from LetsBonk, 20% higher than its previous single-day record of 234 graduated tokens from the week prior. LetsBonk has also been dominating the market share in terms of tokens graduated, as it stood at a whopping 79% compared to Pump’s 18% on Friday.Trading volume on LetsBonk has also flipped Pump's, with the former’s figures on Friday being ~$179 million compared to the latter’s $52 million. For context, just a month prior, LetsBonk was averaging under $10 million per day in trading volume, while Pump was averaging nearly 15 times that amount.The heightened trading volume has led to a rise in fees generated, with over $8 million generated by LetsBonk in just the last week alone. Meanwhile, Pump generated approximately just half of that in the same period.Pump's token launched on Monday, July 14, following a public sale at a $4 billion valuation a couple of days prior. It peaked at a $6.8 billion valuation roughly 36 hours after its launch and is sitting at a $4.4 billion valuation at the time of writing.On the other hand, at the time of the PUMP token launch, BONK stood at a $2.25 billion valuation, rose to a $3.6 billion valuation mid-week, and is currently sitting at $3 billion. It is worth noting that over the last 30 days, the valuation of BONK has risen by nearly 200%, making it one of the best-performing tokens in that time span.This is an excerpt from The Block's Data & Insights newsletter. Dig into the numbers making up the industry's most thought-provoking trends.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.