Catenaa, Saturday, August 23, 2025-Pump.fun has reasserted its dominance as the top Solana memecoin launchpad, edging out challenger LetsBonk after a brief market share surge by the competitor in July.
Pump.fun held an approximate 80% market share of graduated tokens throughout 2025, establishing itself as the primary platform for memecoin launches on Solana.
However, LetsBonk rapidly gained traction in early July, peaking at nearly 70% market share for graduated tokens, signaling volatile user preferences in the competitive launchpad space.
The competition intensified with incentives such as token airdrops driving volume, as users speculated on rewards.
On August 6, pump.fun regained the lead in new token launches within a 24-hour period, reclaiming about 75% market share as of recent data.
The two platforms differ in their approaches: pump.fun uses a traditional market cap bonding curve threshold around $69,000 and charges 0.05-0.1 SOL to create tokens plus 1-2% trading fees. LetsBonk offers instant listings on automated market makers like Raydium and Jupiter, with a 1% swap fee structure.
Despite the back-and-forth, overall launchpad activity remains strong, with roughly $120 million in daily trading volumes across both platforms.
Pump.fun’s native token recently rose about 13% in the past 24 hours, reaching a market cap near $1.2 billion.
