LetsBonk.fun Shifts Focus to Technical Upgrades Amid 84% Market Dominance

The founder of the memecoin launchpad LetsBonk.fun has announced a strategic shift in priorities, with the team now focusing on technical improvements ahead of entering the next growth phase. Tom, the founder, shared the update on Platform X, revealing that a key anticipated feature had been delayed due to unforeseen issues and external interferences. He emphasized that the team is making significant progress and is committed to ensuring all technical components meet required standards before advancing further [1].

This strategic decision comes as LetsBonk.fun continues to gain market traction, currently holding an 84% share of the launchpad market according to Dune Analytics data, while rival platform Pump.fun has seen its daily revenue fall below $300K and its market share shrink to just 12% [1]. The shift to prioritize technical upgrades signals a long-term strategy focused on enhancing platform stability, scalability, and user experience. This measured approach is in line with broader trends in the crypto industry, where high-growth platforms are increasingly adopting infrastructure-first strategies to support sustained development and user trust.

In addition to the technical focus, the founder has also reiterated the platform’s commitment to a unique revenue model. According to the announcement, 1% of the platform’s revenue will be allocated to weekly buybacks of top tokens, a move aimed at reinforcing community confidence and aligning incentives between the platform and its users [2]. The buyback initiative not only adds value for token holders but also helps to enhance token utility and liquidity, distinguishing LetsBonk.fun from its competitors.

The growing dominance of LetsBonk.fun highlights the evolving dynamics in the memecoin launchpad sector, where user experience and innovation are becoming key differentiators. The decline of Pump.fun’s market share underscores the competitive nature of the space, where platforms must continuously adapt to retain users and developers. As the ecosystem matures, a combination of functional improvements and community-driven initiatives are becoming essential for long-term success.

This phase of technical consolidation aligns with broader trends in the crypto industry, where infrastructure development is seen as a critical factor in attracting both institutional and retail investors. While LetsBonk.fun remains focused on refining its platform and community strategies, its growing market presence suggests it is well-positioned to shape the next stage of the memecoin launchpad landscape.

Source: [1] https://www.mitrade.com/au/insights/news/live-news/article-3-994669-20250729 [2] https://www.coinbase.com/en-in/price/ether-fi-ethfi