Recent changes in the memecoin space on Solana have seen LetsBonk overtake Pump.fun in daily revenue. This shift could indicate an evolving landscape within the sector.
LetsBonk Surpasses Pump.fun in Revenue
According to DefiLlama, the new memecoin launchpad LetsBonk generated $1.04 million in revenue on July 7, 2025, doubling Pump.fun's revenue which stood at $533,412. This event highlights a rare shift in dominance within the Solana memecoin ecosystem. Despite LetsBonk's increase in daily revenue, Pump.fun remains the leader in monthly revenue with over $37 million.
DeFi and TradFi Convergence May Happen Sooner Than Expected
At the RWA Summit Cannes 2025, JPMorgan's Nelli Zaltsman stated that the divide between traditional finance (TradFi) and decentralized finance (DeFi) could fade in the coming years. JPMorgan is attempting to integrate blockchain assets with institutional-grade payment infrastructure, signaling a potential turning point for mass blockchain adoption.
New Projects in Financing and Trading
The financing platform Projective Finance launched a $7 million lending pool for solar projects in Illinois, providing access to funding for municipal infrastructure. Meanwhile, NFT platform OpenSea continues to expand, acquiring Rally to focus on mobile crypto trading.
The changes in memecoin rankings on Solana, along with the convergence of DeFi and TradFi, indicate a dynamic evolution in the cryptocurrency sector. The introduction of new financing projects and platforms emphasizes the ongoing development within the industry.
