The LetsBonk platform shows steady growth, overtaking Pump.fun in new token creation. In just three days, it captured almost 50% of the meme market.
LetsBonk Leads in Token Creation
LetsBonk captured 49.5% of the total new memes, creating 192 tokens compared to 87 tokens from Pump.fun. The platform has also shown rapid growth, minting over 22,000 new tokens in recent days, while Pump.fun has slowed its activity to 8,151 tokens.
LetsBonk Ecosystem Tokens
The ecosystem tokens of LetsBonk have already reached a total value of about $500 million. Over 50% of this value is locked in Useless Coin (USELESS), which maintains its leadership among memes due to its high popularity among traders.
Prospects and Sustainability of LetsBonk
While LetsBonk demonstrates record activity, assessing the sustainability of its model will be crucial. In the past, the platform had high-activity days followed by declines. However, the current dynamic activity could change its status in the Solana ecosystem, potentially making LetsBonk one of the leading applications.
LetsBonk is on track to reach a 50% share of the meme market, challenging the monopoly of Pump.fun and opening new opportunities for growth in this arena.
