Solana Memecoin Launchpad Letsbonk surpassed rival Pump.fun in 24-hour revenue, according to data aggregated by decentralized financial (Defi) platform Defilama.
The latest Defillama figures show Letsbonk has generated $104 million in revenue over the last 24 hours, with Pump.Fun earnings of $533,412. The surge in Letsbonk’s revenues indicates a rare change in the advantage of the Solana Memecoin sector, where Pump.Fun normally holds the top spot.
Both platforms provide simplified tools for launching and trading Memokine. However, Letsbonk appears to have gained traction thanks to the support of the Bonk (Bonk) Memecoin community and its social campaign.
Bonk is one of the most popular Solana-based Memecoins with over 430,000 followers on X. Coingecko shows Memecoin has a market capitalization of nearly $1.8 billion and a 24-hour trading volume of $1.2 billion, making it a Crypto Token of 58 by market capitalization.
Pump.Fun dominates the 30-day revenue chart
Letsbonk Memecoin Launchpad was released on April 25th. The team calls the protocol “MemeCoin’s Self-serving Launchpad” and aims to address what developers say is a predatory practice of space.
“We want to provide an alternative platform where Memecoins stays here and believes in Solana in the long term,” writes Letsbonk. The team also promised advanced features, deeper integration and community-driven growth after launch.
The team has also announced that it has partnered with a new LaunchLab agreement for Decentralized Exchange (DEX) Raydium, which will allow users to access pool and bot integrations.
Letsbonk’s daily income is surged, but Pump.Fun continues to dominate on the horizon for longer periods. Defillama data shows Pump.Fun has recorded more than $37 million in revenue over the last 30 days, compared to Letsbonk’s $4.5 million.
Related: As the protocol’s revenue drops by 66%, the pump.
Bonk Memecoin has risen by more than 51% since Letsbonk’s launch
The start of Memecoin Launchpad gaining traction also seems to have affected Bonk’s price. According to Coingecko, on April 25th, Bonk Memecoin traded for around 0.00001535.
At the time of writing, Bonk is trading at 0.00002332, an increase of almost 52% since Letsbonk was released.
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