Solana News Today: Solana's Letsbonk Captures 82% Bonding Curve Volume, Outpacing Pump.fun

The rise of has dramatically reshaped Solana’s launchpad ecosystem, with the platform now capturing 82% of bonding curve trading volume, signaling a seismic shift in user preference and financial dynamics. The platform’s dominance, which began to accelerate in early July, has disrupted the equilibrium previously held by competitors like Pump.fun, which now trails significantly in key metrics [1].

Since July 3, Letsbonk’s creator engagement has surged from a negligible 3–10% to a commanding 37–55% daily share. On its peak day, the platform recorded 6,855 active creators, a stark contrast to Pump.fun’s declining influence. By July 7, Pump.fun’s creator share fell below 50% for the first time, while Letsbonk exceeded 49.6% [1]. This shift has directly translated to token issuance volumes: Letsbonk’s daily launches skyrocketed from 2,500 to over 20,000, compared to Pump.fun’s drop from 23,000 to as low as 6,779 on July 24 [1].

Financial metrics further underscore Letsbonk’s ascent. The platform overtook Pump.fun in revenue on July 6, peaking at $1.78 million in daily income by July 21. This financial dominance has persisted for nearly three weeks, consolidating its position as Solana’s top launchpad [1].

A critical factor in Letsbonk’s success is its superior graduation rate, defined as the percentage of tokens that successfully exceed the launchpad phase. Over the past 30 days, Letsbonk’s average graduation rate of 1% outperformed Pump.fun’s 0.78%. More notably, 64% of high-value tokens (those exceeding $500,000 market cap) originated from Letsbonk, compared to 11.1% for Moonshot and Pump.fun, and 8.3% for Jupiter Studio [1].

The quality of tokens launched on Letsbonk also distinguishes it. While most Solana launchpads—Letsonk, Pump.fun, and Launchlab—have 89% of their tokens valued under $50,000, platforms like Jupiter Studio and Moonshot exhibit outlier performance, with 50% of Jupiter Studio’s tokens surpassing $1 million. However, Letsbonk’s volume-driven dominance suggests user priorities skew toward quantity and immediate liquidity over long-term quality [1].

This rapid consolidation has raised questions about sustainability. While Pump.fun and other competitors may adapt, Letsbonk’s current trajectory indicates a redefinition of Solana’s growth engine. Analysts note that the platform’s ability to attract creators and retain liquidity will be pivotal in sustaining its lead [1].

Source: [1] [title] Letsbonk Claims 82% of Bonding Curve Volume: How It Won the Solana Launchpad War [url] https://solanafloor.com/zh/news/letsbonk-claims-82-of-bonding-curve-volume-how-it-won-the-solana-launchpad-war