Summary
- Solana (SOL)-based LetsBonk has significantly expanded its market share in the meme coin creation platform sector, reaching up to 64%.
- It was reported that competitor Pump.fun’s market share plunged from 90% to 24%, highlighting LetsBonk’s clear market advantage.
- The number of new tokens created on LetsBonk continues to rise, with a record-breaking daily high set on the 18th.
The Solana (SOL)-based meme coin creation platform LetsBonk is dominating the meme coin platform market.
According to The Block on the 23rd (local time), LetsBonk has boosted its market share from just 5% a month ago to approximately 64% now. In contrast, during the same period, Pump.fun’s market share has plummeted from over 90% to 24%.
Last week, a total of 150,000 new tokens were created on LetsBonk, a roughly 14% increase from the previous week. Notably, on the 18th alone, 26,600 tokens were created, setting a new daily record.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
