Letsbonk.fun gains ground among meme coin platforms on Solana

• Pump.fun loses ground in Solana meme coin sector
• Letsbonk.fun captures 17,9% market share
• Believe and LaunchLab strengthen competition for crypto launches

Pump.fun’s dominance in launching meme coins on the Solana network is gradually being replaced by new players. According to data from Dune Analytics, emerging platforms such as Letsbonk.fun, Believe and LaunchLab are gaining ground and changing the balance of power in this highly competitive niche.

Responsible for more than half of the coins launched recently, Pump.fun saw its market share drop to 57,5%, while Letsbonk.fun has already reached 17,9% share. This movement reflects a growing preference for platforms that are more community-oriented and profit-sharing, in line with the decentralized model that defines cryptocurrencies.

Believe and LaunchLab also stand out in the new competition. The former already represents 12,9% of daily launches, while the latter holds around 5%. In addition to the diversification of platforms, this movement reinforces the search for differentiated experiences and more sustainable mechanisms for introducing tokens to the market.

LaunchLab, for example, has drawn attention to the “graduation” rate of its tokens. According to an analysis by SolanaFloor, “LaunchLab tokens have achieved considerable trading volumes, even with lower graduation numbers, indicating that the market is looking for more curated launches.”

The Launch Coin token, hosted on the Believe platform, recently appreciated 19,15% in 24 hours, reaching a price of $0,19. Daily trading volume increased by 6,42%, reinforcing interest in newly launched assets with innovative propositions.

Letsbonk.fun’s growth has been compared to the rise of DeFi launchpads during the 2021 bull cycle. The track record suggests that community-centric innovations have the potential for real transformation within the Solana ecosystem, even in a context of volatility.

Coincu researchers point out that this movement reflects structural trends in the sector. The combination of technical innovation and community engagement appears to be redesigning the functioning of launch platforms within the cryptocurrency universe.