During the week of July 7 to July 13, Solana-based platforms showed a revenue increase, with LetsBonk emerging as a leader.
LetsBonk Revenue Dynamics
According to data from Blockworks Research, LetsBonk has become the leader in revenue among Solana launchpads, collecting $7.87 million for the week, accounting for over half of the total earnings of all platforms on Solana. This amount represents a 657% increase from the previous week's total of only $1.04 million.
Statistics from Other Platforms
Other DeFi platforms also experienced revenue growth in the last week. Pump.fun, while losing in weekly earnings, continues to lead in monthly totals with over $35 million. Its latest weekly earnings amount to $3,087,561, which has dropped from 29% of its monthly earnings to 22.5%.
Recent Success of Pump.fun
Pump.fun successfully conducted an ICO for its token, raising $500 million in under 12 minutes. The PUMP token has a maximum supply of one trillion. However, platform administrators cautioned users against fraud, urging them to trust only the specified contract address for the $PUMP token.
The positive results of LetsBonk and other platforms reflect the increasing interest of investors and users in the DeFi ecosystem on Solana.
