LetsBonk weekly revenue surpasses all other Solana launchpads combined — including Pump.fun

Source Cryptopolitan

LetsBonk took the top spot in 7-day revenue numbers for the week of July 7–13, according to data compiled by Blockworks Research. The total protocol revenue from Solana-based launchpads reached $13,749,862 during the period, recording a 29% uptick from last week’s $10,678,977. 

Blockworks Solana blockchain chart revealed that LetsBonk, the memecoin launchpad backed by the Bonk ($BONK) community, collected $7.87 million in weekly revenue, which was over half of the total earnings accumulated by all Solana launchpads for the week. 

The figure is a 657% increase from the platform’s previous week total of just $1.04 million, as reported by Cryptopolitan on July 7. This spike pushed LetsBonk far ahead of longtime market leader Pump.fun, which recorded $3,087,561 in weekly revenue, a 479% positive change from $533,412 in the previous week.

LetsBonk wins the week, Pump.fun leads monthly revenue totals

Despite the weekly shake-up, Pump.fun is still leading charts in monthly revenue with over $35 million in revenue collected in June. Its latest weekly revenue accounts for 22.5% of that total. Yet, that share has dipped from 29% the week before, likely due to token creators joining LetsBonk.

Other DeFi platforms also saw increased revenues in the last seven days, with the former posting a 49% increase to hit $214,463 from $143,920. Meteora followed with $72,303, up 34% from the previous $54,000. Together, these gains contributed to a $3 million increase in Solana ecosystem revenue during that time.

According to a Monday update from the SolanaFloor X account, LetsBonk graduated 1,243 tokens, double Pump.fun’s 622. It also launched 130,605 new tokens, more than Pump.fun’s 77,250.

LetsBonk’s rapid success appears to have had a positive effect on its parent token BONK. Since the platform launched on April 25, BONK has gained approximately 64%, buoyed by increased investor interest and user engagement in its ecosystem. 

Pump.fun raises $500M in ICO within 12 Minutes

Pump.fun launched its native token through an initial coin offering (ICO) on July 12 that raised $500 million in under 12 minutes. 

According to the project’s details, the PUMP token has a maximum supply of one trillion, with 33% allocated to the ICO. Of that allotment, 18% went to institutional investors and 15% to retail traders. An additional 24% of the total supply has been earmarked for ecosystem growth and future community projects, while 13% is reserved for existing investors.

Platform administrators warned the community to be cautious when dealing with tokens claiming to be associated with PUMP. According to a statement issued by Pump.fun, the only legitimate PUMP token is associated with the contract address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn. 

Do not trust any other tokens,” the platform asserted. “The $PUMP token is not yet tradable or transferable. This is the only official $PUMP contract address.”

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