According to data from the DeFi platform DefiLlama, the memecoin launchpad LetsBonk has surpassed its rival Pump.fun in revenue over the last day.
LetsBonk and Pump.fun Revenue
The latest figures from DefiLlama show that LetsBonk generated $1.04 million in revenue in the last 24 hours, nearly doubling Pump.fun’s revenue of $533,412. This represents a shift in dominance in the Solana memecoin market, where Pump.fun previously held the top spot.
Long-term Dominance of Pump.fun
Despite the surge in LetsBonk's daily revenue, Pump.fun remains the leader from a longer-term perspective, with DefiLlama reporting over $37 million in revenue over the past 30 days compared to LetsBonk’s $4.5 million. LetsBonk launched on April 25 and has positioned itself as a 'self-serving launchpad for memecoins.'
Impact on BONK Price
The launch of LetsBonk has positively influenced the price of the BONK memecoin, which is up over 51% since the platform's release. On April 25, BONK traded at around $0.00001535, whereas it is now valued at $0.00002332.
LetsBonk has shown significant revenue growth within a short timeframe, creating competition for Pump.fun that could alter the dynamics of the memecoin market in the future.
