From Challenger to Dominator: What Enabled Letsbonk.fun to Surpass Pump.fun?
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From Challenger to Dominator: What Enabled Letsbonk.fun to Surpass Pump.fun?
Popular meme coins on the Chinese community of Letsbonk.fun platform.
Navigating Web3 tides with focused insightsAuthor: Asher, Odaily Planet Daily
Data Dimension: Letsbonk.fun Has Fully Surpassed Pump.fun
Dune data shows that since early July, Letsbonk.fun has taken the lead over Pump.fun across multiple core metrics, demonstrating a comprehensive, multi-dimensional dominance.
First is daily token launches. Starting July 6, Letsbonk.fun surpassed Pump.fun in daily meme coin launches for the first time—16,797 versus 7,537 that day—and has remained in first place ever since. On July 8, Letsbonk.fun’s daily launch count was even twice that of Pump.fun, shifting the long-standing mindset of "launching tokens only on Pump.fun."
Daily Token Launches by On-chain Platforms
Next is daily "graduation count" and "graduation rate." "Graduation" refers to newly launched meme coins completing their initial fundraising phase and entering formal trading, representing the platform's success rate in token lifecycle. Data shows that on July 7, Letsbonk.fun’s meme coin graduation count was 3.4 times that of Pump.fun. Moreover, its graduation rate has consistently exceeded Pump.fun’s since the beginning of this month, maintaining a recent advantage of around 0.2%, indicating that on-chain users now prefer discovering trending "dog coins" on Letsbonk.
Daily Meme Coin Graduation Share by On-chain Platforms
Third is daily trading volume share. Since surpassing Pump.fun on July 5, Letsbonk.fun’s daily trading volume share has fluctuated between 55% and 75%.
Daily Trading Volume Share by On-chain Platforms
Finally, daily revenue. Over the past week, Letsbonk.fun has consistently generated over $1 million in daily revenue, while Pump.fun remains around $600,000—a nearly twofold difference.
Daily Platform Revenue: Letsbonk.fun vs. Pump.fun
From a data perspective, Letsbonk.fun is no longer just a "challenger," but is emerging as the dominant meme coin launch platform on Solana. Although Pump.fun pioneered on-chain meme coin issuance, it has fallen from its peak due to factors such as the declining PUMP token price (down nearly 20% in the past 24 hours, currently at $0.00526), lack of official airdrop details, and frequent community disputes.
Meanwhile, through founder Tom’s consistent, high-frequency engagement on X and active community management, Letsbonk.fun is steadily building stronger brand recognition and community trust, becoming the “spiritual square for Solana meme creation”—a true meme experimentation playground belonging to the community, not the project team.
Founder’s Active Promotion Makes Letsbonk’s Rise No Accident
Letsbonk.fun’s rapid ascent is not merely a victory of mechanism design, but a direct result of founder Tom’s intensive, hands-on community operations.
Even during previous periods of weak on-chain market activity, Tom maintained daily presence on X, continuously updating platform progress, responding to community questions, and personally explaining design logic and market strategies. This week, he announced that Letsbonk.fun will officially introduce the RAY rewards mechanism—starting immediately, each token created on the platform will receive 0.05% RAY token incentives based on its bonding trading volume. This means creators can profit not only from launching meme coins but also gain additional value returns from the Raydium ecosystem, further enhancing the platform’s appeal of “creation as value mining.”
Tom also revealed that a new website is nearly complete and ready for launch, with a phased rollout planned within this week and already undergoing user testing. This “build while communicating” development rhythm fosters transparency and closeness with the community, significantly boosting user stickiness and trust.
More notably, Tom’s long-term commitment to the Asian market. In a reply to Chinese-speaking users on X, he admitted that one of the team’s core strategies from the start has been activating the Asian, especially Chinese-speaking, user base and bringing more people into the Solana ecosystem. He stated:
“The last thing we want is for people to think we’re just posting in Chinese to make money and then disappear. We are deeply grateful for the crucial role the Chinese community played in helping us reach the top position, and we’re truly excited about the growing number of new users from China.”
Furthermore, just days ago, the Letsbonk.fun team hosted an offline event in Hong Kong, which received an enthusiastic response and drew massive crowds—further proving their genuine investment in the Asian market is more than just words, but a practical effort to engage users face-to-face.
Letsbonk.fun Offline Event in Hong Kong
While most projects remain stuck in the inertia of “airdrop-driven, English-first” approaches, Letsbonk.fun demonstrates a rare “long-term localization strategy”—not just launching tokens for profit, but building community; not just chasing growth metrics, but forging emotional connections.
In short, Tom and his team’s “hard work” is not mere marketing rhetoric, but a full-chain delivery spanning mechanisms, products, operations, and culture. In this fiercely competitive and fast-evolving meme issuance ecosystem, it is precisely this sustained effort and genuine care for users that form the deep driving force behind Letsbonk.fun’s steady rise.
So, what are some Chinese-community-themed meme coins on the Letsbonk.fun platform?
Popular Chinese-Community Meme Coins on Letsbonk.fun
IKUN
Overview: The IKUN meme originates from Cai Xukun’s basketball performance on the variety show “Idol Producer,” where the background music “Zhi Yin Ni Tai Mei” became a widely circulated internet joke. Its remixed versions gained immense popularity across Chinese social media, sparking extensive fan-created content. IKUN is more than just a humorous project—it embodies Bonk’s respect for Chinese users and determination to expand into the Chinese market.
Price Performance: According to GMGN data, IKUN’s market cap peaked at $35 million in early June and has since declined, currently standing at $14 million.
Contract Address:
AtortPA9SVbkKmdzu5zg4jxgkR4howvPshorA9jYbonk
Wangchai
Overview: Wangchai is the first meme coin named in Chinese to gain broad community support, inspired by WeChat’s iconic emoji. Rooted in grassroots culture and public enthusiasm, this project aims to establish a unique Chinese cultural presence within the meme ecosystem. Through humor, emoji-driven storytelling, and strong community participation, Wangchai quickly attracted widespread attention.
Price Performance: According to GMGN data, Wangchai’s market cap has risen steadily from under $2 million on July 10 to $14 million today.
Contract Address:
83kGGSggYGP2ZEEyvX54SkZR1kFn84RgGCDyptbDbonk
Erha
Overview: Erha emerged amid a chaotic, serious, and turbulent market, choosing joy and madness as its weapons to shake the world’s simplest yet strongest emotions. It doesn’t rely on rationality or chart analysis, advocating breaking rules through “adorable foolishness” and energy, using social interaction and humor to heal mundane lifestyles. Erha isn’t a traditional crypto project, but a collective embodiment of grassroots spirit, contrarian attitude, and infectious happiness.
Price Performance: According to GMGN data, Erha’s current market cap is $9 million (compared to the above two projects, Erha has a smaller on-chain LP pool and weaker liquidity).
Contract Address:
ASRNzwDpYWseimGQh3GootWLphpuMe3cUnpoH4mFbonk
Summary
Letsbonk.fun’s comprehensive overtaking of Pump.fun reflects a profound transformation in the competitive landscape of on-chain meme coin launch platforms. Success is no longer determined solely by a single buyback mechanism or short-term community debates over token price fluctuations, but rather by a project team’s deep understanding of community culture and endurance in long-term operations. Only by genuinely treating users as core assets and continuously building emotional connections and trust can a vibrant ecosystem be forged.
Moreover, Letsbonk.fun’s strategic focus on Asia, especially the Chinese-speaking market, highlights a new trend among global crypto projects adapting to multicultural environments. In the future, any project aiming for sustained cross-regional growth must move beyond single-language or region-specific frameworks and deeply engage local user needs to build a solid community foundation. As the on-chain meme ecosystem matures, only those committed to value creation and user共赢 will stand firm in an ever-changing market.
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