Pump.fun Regains Lead in Number of New Tokens on Solana, But Trails in Trading Volume

Pump.fun Regains Lead in Number of New Tokens on Solana, But Trails in Trading Volume

Pump.fun, a popular meme token launchpad on the Solana blockchain, has reclaimed the top spot in terms of new token launches, narrowly beating its rival LetsBonk.fun. According to Dune Analytics, Pump.fun saw the creation of 13,690 tokens in the past 24 hours, just ahead of LetsBonk’s 13,392.

However, when it comes to daily trading volume, LetsBonk continues to outperform. The platform recorded $87.7 million in trades, compared to $82.4 million on Pump.fun.

The Solana meme token launchpad space is largely dominated by these two players. Pump.fun holds 45.9% of the market, while LetsBonk.fun is close behind with 42.3%. The remainder is divided among BAGS (6.25%), JUP Studio (1.82%), and Believe (1.52%).

Pump.fun, once the undisputed leader in meme coin launches — particularly during last year’s boom — has recently ceded ground to LetsBonk, which is tightly integrated with the Bonk ecosystem and benefits from support via Raydium’s LaunchLab.

Interestingly, in terms of high-performing tokens, Pump.fun still dominates, with 245 tokens exceeding $1 million in market cap, compared to just 52 on LetsBonk. This suggests a higher capital concentration on the older platform.

Yet in terms of platform revenue, LetsBonk is far ahead: it has generated $8.4 million compared to Pump.fun’s $1.37 million, indicating stronger user engagement and higher monetization on its side.