Emerging issue coin platforms on Solana: From Meme craze to co-building ecosystem

Recently, the coin issuing craze in the Solana ecosystem has undergone new changes. A platform called LetsBONK.fun has gradually become a new favorite among community users, replacing the previously popular Pump.fun. This shift reflects a change in users' preferences for the platform's philosophy and operating model.

Pump.fun was once the most popular Meme issue coin platform on Solana. It was known for its ease of use, attracting a large number of creators and speculators. At its peak, the platform could launch tens of thousands of Meme projects daily, bringing considerable profits to the platform. However, over time, some issues gradually came to light.

The data shows that although the platform has accumulated over $700 million in revenue over more than a year, less than 5% of users have made profits exceeding $1,000. The platform seems to be more focused on its own interests, lacking support for project growth and contributions to the ecosystem. When the platform announced plans to issue its own coin and provided a valuation of $4 billion, it sparked controversy.

In contrast, LetsBONK.fun, which launched in April 2025, adopted a completely different strategy. This platform, led by the BONK community, attracted widespread attention as soon as it was launched. On its first day, it attracted 800,000 users, issued 2,700 coins, and the trading volume exceeded 300 million USD within 24 hours. As of now, more than 180,000 coins have been issued through this platform.

The uniqueness of LetsBONK.fun lies in its revenue distribution model. The platform returns most of its income to the ecosystem, reflecting the true concept of "co-construction". For example, on July 7, 2025, the total income was 68,768 SOL, with most of it used to support ecological development.

It is worth noting that LetsBONK.fun not only supports projects in terms of ideology but also provides substantial financial support. For example, the platform has provided direct market purchase support for the $USELESS project and assisted it in applying for listings on mainstream exchanges, investing over $600,000. This level of support is unprecedented in the Meme coin space.

Recent data shows that LetsBONK.fun has surpassed Pump.fun on multiple metrics. As of July 2025, the token issuance of LetsBONK.fun reached 15,600, exceeding Pump.fun's 11,500. In terms of market share, LetsBONK.fun achieved 51%, while Pump.fun declined to 39.9%. In terms of the number of popular projects, active users, and daily trading volume, LetsBONK.fun is also leading comprehensively.

The reason users choose LetsBONK.fun is that it conveys a new concept: users are no longer passive participants but co-builders of the ecosystem. Projects are not objects of short-term speculation but entities with potential for long-term development. Participation is no longer just a dream but a feasible undertaking.

This transformation reflects the cryptocurrency community's desire for a more sustainable and valuable project development model. The success of LetsBONK.fun lies not only in providing an issue coin platform but also in creating an ecological space that allows for "long-term participation and in-depth development."