Recent trends on the Solana platform reveal that LetsBonk has overtaken Pump.fun in the volume of tokens launched. This shift in the dynamics of memecoins has caught the market's attention.
Pump.fun's Decline and LetsBonk's Rise
LetsBonk, a new player in the memecoin market, has turned the tides by surpassing Pump.fun in the number of tokens launched on the platform. According to data from DEX aggregator Jupiter, LetsBonk achieved over 22,000 tokens compared to 8,334 on Pump.fun, capturing more than 50% of the market.
Transaction Activity Trends on Solana
While overall activity on the Solana network shows stable figures, the number of new accounts and daily transactions is decreasing. However, the total number of transactions is on the rise, particularly in relation to minting and swapping tokens, linked to LetsBonk's activity.
The Future of Memecoins on Solana
Experts believe that memecoins on Solana continue to evolve despite shifts in platform dominance. Short-term waves of interest in memecoins may indicate a maturation of the cultural context on the platform.
While Pump.fun maintains a significant number of traders, LetsBonk sets new benchmarks in the memecoin market. This suggests the potential for further growth and changes in Solana, where interest in memecoins remains relevant.
