Original | Odaily Planet Daily (@OdailyChina_)
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Data Dimension: Letsbonk.fun Has Achieved Comprehensive Supremacy Over Pump.fun
Dune data shows that since its entry in July, Letsbonk.fun has comprehensively outperformed Pump.fun across multiple core metrics, demonstrating a "multi-dimensional suppression" surpassing trend.
First is the daily token launch quantity. Since July 6, Letsbonk.fun has consistently surpassed Pump.fun in the number of Meme coins launched daily—on that day, the figures were 16,797 and 7,537 respectively, and it has maintained the top position ever since. Notably, on July 8, the daily launch quantity of Letsbonk.fun even reached twice that of Pump.fun, changing the long-standing mindset of "launching coins means going to Pump.fun." (Supplementary reading: The Launch Volume Surpasses Pump.fun, What’s on Letsbonk.fun?)
Daily Token Launch Quantity on On-Chain Issuance Platforms
Second is the daily "graduation quantity" and "graduation rate." "Graduation" refers to newly issued Meme coins completing the initial fundraising phase and entering the formal trading phase, representing the "success rate" in the token lifecycle on the platform. Data shows that on July 7, the "graduation quantity" of Meme coins on Letsbonk.fun was 3.4 times that of Pump.fun. Moreover, its "graduation rate" has consistently been higher than Pump.fun since the beginning of this month, maintaining a recent advantage of about 0.2%, indicating that on-chain users currently prefer to seek popular "meme coins" on Letsbonk.
Daily Graduation Quantity Share on On-Chain Issuance Platforms
Next is the daily trading volume share. Since surpassing Pump.fun on July 5, Letsbonk.fun has maintained a daily trading volume share fluctuating between 55% and 75%.
Daily Trading Volume Share on On-Chain Issuance Platforms
Finally, daily revenue. In the past week, the daily revenue of the Letsbonk.fun platform has consistently remained above $1 million, while Pump.fun has maintained around $600,000. The gap between the two has approached nearly double.
Daily Platform Revenue of Letsbonk.fun and Pump.fun
From a data perspective, Letsbonk.fun is no longer just a "challenger," but is becoming the dominant platform for Meme coin issuance on Solana. Although Pump.fun was once a pioneer in on-chain Meme coin issuance, it has fallen from grace as the price of the PUMP token has begun to decline (with a nearly 20% drop in the last 24 hours, currently reported at $0.00526), and the official announcement of airdrop details has been mired in controversy.
Meanwhile, Letsbonk.fun, leveraging founder Tom's continuous high-frequency engagement on the X platform and community operations, is gradually shaping a more distinct brand recognition and community trust, becoming a "spiritual square for Solana Meme creation," a true Meme experimental paradise belonging to the community rather than the project party.
Founder’s "hard sell," the rise of Letsbonk is not accidental
The rapid rise of Letsbonk.fun is not just a victory of mechanism design, but a direct reflection of founder Tom's high-intensity, hands-on community operation.
In the previous period of quiet on-chain market conditions, Tom remained active daily on the X platform, continuously updating platform progress, responding to community questions, and personally explaining design logic and market strategies. Just this week, it was announced that Letsbonk.fun will officially launch the RAY reward mechanism—starting today, every token created on the platform will receive a 0.05% RAY token incentive based on its bonding trading volume. This means that creators can not only profit from issuing Meme coins but will also enjoy additional value returns from the Raydium ecosystem, further enhancing the platform's appeal of "creation equals value mining."
At the same time, Tom revealed that a new website is nearing completion and is ready to go live, with plans to roll it out in phases within the week, having invited some users for testing. This "doing while talking" development rhythm allows the community to feel transparency and companionship through participation, greatly enhancing user stickiness and trust.
More importantly, Tom's long-term commitment to the Asian market is noteworthy. In a response to a Chinese user on the X platform, he candidly stated that one of the core strategies of the team from the beginning was to activate the Asian market, especially the Chinese user market, bringing more people into the Solana ecosystem. He also expressed:
"What we least want is for people to feel that we are just posting in Chinese to make money and then leaving. We are very grateful for the important role the Chinese community has played in helping us reach the top position, and we are very excited about the increasing number of new users from China."
Additionally, just a few days ago, the Letsbonk.fun team held an offline event in Hong Kong, which received enthusiastic responses and high attendance, further confirming that the team's sincere investment in the Asian market is not just verbal commitment, but a practical action of truly engaging with users face-to-face.
Letsbonk.fun Hong Kong Offline Event
While most projects remain stuck in the inertia of "airdrop-driven, English-first" approaches, Letsbonk.fun demonstrates a rare "long-term localization strategic awareness"—not just issuing coins for profit, but building a community; not just focusing on growth metrics, but creating emotional connections.
It can be said that Tom and his team's "hard work" is not just a marketing slogan, but a full-chain delivery from mechanism, product, operation to culture. In this fiercely competitive and rapidly evolving Meme issuance ecosystem, it is this continuous investment and genuine care for users that constitute the deep driving force behind Letsbonk.fun's steady rise.
So, what are the Meme coins with Chinese community characteristics on the Letsbonk.fun platform?
Overview of Popular Meme Coins in the Chinese Community on Letsbonk.fun
IKUN
Introduction: The Meme IKUN originates from idol Cai Xukun's basketball performance in the variety show "Idol Producer," and the background music "Only Because You Are Too Beautiful" became a widely circulated meme, inspiring a wave of user-generated content on Chinese social media. IKUN is not just a humorous project; it embodies the Bonk platform's respect for Chinese people and its determination to expand into the Chinese market.
Price Performance: According to GMGN data, the market cap of IKUN has continued to decline since reaching $35 million in early June, currently standing at $14 million.
Contract Address: AtortPA9SVbkKmdzu5zg4jxgkR4howvPshorA9jYbonk
Wangchai
Introduction: Wangchai token is the first Meme coin named in Chinese and widely supported by the community, inspired by the iconic WeChat emoji. This project is rooted in grassroots culture and public enthusiasm, attempting to establish a unique presence of Chinese culture within the Meme ecosystem. Through a humorous, meme-driven narrative and high community participation, Wangchai quickly gained widespread attention.
Price Performance: According to GMGN data, the market cap of Wangchai has continuously risen since July 10 (less than $2 million), currently standing at $14 million.
Contract Address: 83kGGSggYGP2ZEEyvX54SkZR1kFn84RgGCDyptbDbonk
Erha
Introduction: Erha token originates from a chaotic, serious, and turbulent market but chooses to wield happiness and madness as its weapons, shaking the simplest and most powerful emotions in the world. It does not rely on rationality or discuss candlestick charts, advocating to break the rules with "silly cuteness" and energy, using social interaction and humor to heal the boredom of life. Erha is not a traditional cryptocurrency project but a collection of grassroots spirit, contrarian attitude, and infectious joy.
Price Performance: According to GMGN data, the current market cap of Erha is $9 million (compared to the above two projects, Erha has a smaller on-chain LP pool and poor liquidity).
Contract Address: ASRNzwDpYWseimGQh3GootWLphpuMe3cUnpoH4mFbonk
Summary
The comprehensive surpassing of Pump.fun by Letsbonk.fun reflects a profound transformation in the competitive ecology of on-chain Meme coin issuance platforms. The success or failure of the platform no longer solely depends on a single buyback mechanism or the intense discussions within the community regarding the price fluctuations of tokens, but rather tests the project team's deep understanding of community culture and their endurance in long-term operations. Only by truly viewing users as core assets and continuously building emotional connections and trust can a vibrant ecosystem be shaped.
Moreover, Letsbonk.fun's strategic emphasis on Asia, especially the Chinese market, showcases a new trend in global crypto projects adapting to diverse cultures. In the future, if more projects wish to achieve sustained growth across regions, they must break out of the single language or regional framework and deeply cultivate local user needs to build a solid community foundation. As the on-chain Meme ecosystem matures, only by adhering to value creation and mutual benefits with users can one remain invincible in the ever-changing market.
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