The memecoin landscape in the Solana ecosystem has undergone a seismic shift. Once defined by the rapid-fire token creation that characterized Pump.fun, the new era belongs to BonkFun—a platform that not only matches Pump.fun’s scale but surpasses it through smarter tokenomics, stronger community engagement, and a clearer long-term vision. As we could see, if the meme economy continues to flourish, competition for user attention will intensify. At that time, BonkFun had emerged as the platform of choice for traders, builders, and bots alike.
A Changing of the Guard in Solana’s Meme Economy
After a period of relative calm, BonkFun has surpassed Pump.fun to become the undisputed leader among Solana-based memecoin launchpads. The reason why behinds this is based on the majority of token launch activity, trading volume, and community attention having been seized by another platform for the first time since Pump.fun’s breakout.
Source: Jupiter
As the data from Jupiter shows us, this confirms the big shift: BonkFun now accounts for over 70% of all memecoin launches on Solana and boasts a daily trading volume reaching $100 million. In stark contrast, Pump.fun’s activity has waned, with daily volume slipping below $18 million, indicating a sharp reversal in market momentum.
📊REPORT: @bonk_fun has surpassed all other Solana launchpads combined — including @pumpdotfun — in weekly revenue for the first time.
Tokens Graduated:
• BonkFun: 1,243
• PumpFun: 622Tokens Launched:
• BonkFun: 130,605
• PumpFun: 77,250 pic.twitter.com/62UMLuEVFO— SolanaFloor (@SolanaFloor) July 14, 2025
The preference for BonkFun became especially clear on July 9, when the platform facilitated over 22,000 token mints, while Pump.fun managed just 8,334. However, it’s crucial to note that this leadership isn’t driven by an expansion in total network activity.
Source: Solana
In fact, both Solscan and Cointelegraph report that Solana’s transaction count has slightly declined, and the total number of memecoin launches has remained stable. What has changed is the distribution of attention and value. BonkFun is now responsible for a growing share of non-vote transactions—those tied to genuine user interactions such as minting and trading—signaling a qualitative shift in how the network is being used.
Significant repercussions result. Solana isn’t growing as fast as a memecoin, but how people use and pay attention to it is changing. Looking at the BonkFun side, the superior user experience and strong tokenomic design are rapidly making the platform preferred for artists and traders.
For more: Pump fun Deep Dive: Solana’s Meme Coins Launchpad, and PUMP Coin
Revenue and Tokenomics: The Flywheel That Works
A key component of BonkFun’s success has been its groundbreaking tokenomics platform. In order to create scarcity for the BONK token and inject long-term value into its ecosystem. The platform allocates 50-60% of all launchpad fees to buyback and burn BONK. Daily platform earnings for BonkFun have been between $1.95 million and $1.9 million, with BONK burning between $200,000 and $400,000 thanks to this mechanism.
Source: Dunes
Because of this feedback loop, community loyalty has increased, and users now have a direct and indirect interest in the platform’s success. Solana’s DeFi and meme culture rely on BONK, a coin that was once used for comedic memes, today. However, Pump.fun has not yet introduced a value recycling method that is equivalent, despite the fact that it is still operating.
Source: Pumpfun ICO
Early in July 2025, the PUMP token went live with an ICO that brought in about $600 million. However, since then, the token has been under fire for issues like sell pressure, insider allocations, and a perceived lack of utility.
The daily revenue of Pump.fun has dropped to below $300,000, according to the Jupiter and Reddit communities, which means a significant decrease from its high earlier in 2024. Worryingly, there have been claims made in public forums that accuse Pump.fun of mishandling ICO funds and facilitating exit frauds. People no longer have faith in the protocol, and it has reaped the benefits.
For more: Pump.fun’s Token Launch: A New Era or the Final Exit Liquidity?
Community Sentiment and Ecosystem Trust
Although Pump.fun has more active traders every hour, BonkFun has surpassed it in terms of graduation rates, fee contribution, and transaction quality. On a daily basis, BonkFun has an average of 200 token graduations (tokens that reach liquidity and begin trading), while Pump.fun has 55-100.
Source: Dunes
A key component is bot activity, which is characteristic of Solana’s memecoin culture. According to Coinbase’s Conor Grogan, the fastest token-launching accounts launch a new token every three minutes, which is faster than any human can do. While both sites are hit, BonkFun has taken over as the go-to place for bot-generated memecoins, taking a lot of traffic from Pump.fun in the process. Developer and liquidity activity relocation is further highlighted by the transfer of high-frequency addresses.
The great majority of tokens launched on PumpFun and LetsBonk are today run by bots; the below chart pulls new tokens launched on Letsbonk over the last 24 hours. The top accounts launch, on average, one new token every 3 minutes https://t.co/b5Inljc9z9 pic.twitter.com/S1GMqcrXkG
— Conor (@jconorgrogan) July 7, 2025
On the other hand, bots are a complex topic. “Bots pay fees,” as ex-Solana Foundation strategist Austin Federa described it, and the high-throughput economic model relies on the transactions of these bots. They test the protocol’s throughput, drive liquidity, and mimic adoption on an unprecedented scale compared to competing chains.
Data-Backed Platform Comparison
To better visualize the divergence, here’s a snapshot of both platforms based on late July 2025 data:
| Metric | BonkFun | Pump.fun |
| Daily Trading Volume | ~$127M–$179M | <$18M |
| Daily Token Launches | ~18K–22K | ~9K–10K |
| Token Graduations per Day | ~200 | ~55–100 |
| Platform Revenue (Daily) | $1M–$1.95M | ~$300K |
| Fee Utility Mechanism | 50%+ to BONK buy/burn | None/Unclear |
| Launchpad Market Share | ~55%–64% | ~35%–40% |
| Community Sentiment | Strong, growth-positive | Negative, skeptical |
Sources: AInvest, Dune Analytics, CoinMarketCap, DailyCoin, Blocmates, Reddit r/Solana
BonkFun’s Ecosystem Vision vs. Pump.fun’s Missed Opportunity
BonkFun isn’t just executing a memecoin playbook—it’s building infrastructure. Its integration with Raydium, a leading Solana DEX, allows newly launched tokens to immediately tap into liquidity pools and trading bots, supercharging their early-stage growth. The project has helped boost Raydium’s DEX fee revenue to levels unseen since early 2025, according to Cointelegraph and Amberdata.
Beyond that, BonkFun has launched BONK-integrated staking pools and ecosystem grants to fund new tools, campaigns, and meme-based coordination layers. We could see those moves signal a long-term vision: to evolve BonkFun from a meme-launch platform into a vertically integrated memecoin economy.
In comparison, Pump.fun has failed to articulate a compelling roadmap. Its lack of transparency around PUMP token allocations, combined with an absence of product innovation since its breakout, has left users frustrated and looking elsewhere. While rumors suggest a pivot toward new trading incentives and governance mechanisms, few concrete updates have been released.
The Maturation of Solana’s Meme Market
According to Bitget COO Vugar Usi Zade, the rise of BonkFun is not a sign of another fleeting hype cycle—it signals maturity. Solana memecoins aren’t crashing, they’re consolidating. Liquidity remains stable, validator rewards are increasing, and DEX volumes continue to hold strong despite market volatility.
Solana’s meme economy is beginning to resemble the evolution of its NFT ecosystem. OpenSea once dominated NFTs before being overtaken by Blur and Magic Eden. Similarly, Pump.fun’s early monopoly has now given way to a more dynamic and competitive field—led by BonkFun. The critical difference: BonkFun is shaping an economy that rewards alignment, transparency, and meme-native participation.
The rise of BonkFun is not an isolated incident; rather, it is the result of deliberate strategy, astute economics, and cultural intuition. With its deflationary principles, user trust, and supremacy in token launches and trade volume, BonkFun is spearheading Solana into the next stage of memecoin infrastructure.
Although it is still very much in use, Pump.fun must quickly restore trust and provide real benefits to its customers. If it doesn’t make a sudden strategic change, history will remember it as an early adopter that didn’t adapt.
As of the end of July 2025, BonkFun isn’t merely ahead; it’s dictating the rules.
