PumpFun's new coin issuance surpasses LetsBonk, reclaiming the top spot on the Solana launchpad.

The competition for memecoin launch platforms in the Solana ecosystem is heating up again! PumpFun has surpassed its rival LetsBonk in new coin issuance over the past 24 hours, reclaiming the top spot in the Solana ecosystem. As the platform's native Token PUMP rebounds in price, the two major launchpads are fiercely competing in liquidity, community, and innovation. This article will analyze the latest battle between PumpFun and LetsBonk, and follow the network competition between Solana and Base.

PumpFun Token issuance leads, LetsBonk trading volume crowns

According to Dune Analytics data, PumpFun issued 13,690 new Tokens in the past 24 hours, slightly higher than LetsBonk's 13,392. However, LetsBonk's daily trading volume reached $87.7 million, still higher than PumpFun's $82.4 million. The two major platforms are in a fierce competition in terms of issuance and trading volume, showcasing the vitality of the Solana ecosystem.

PUMP Token buyback support, price rebounded nearly 18% in a week

PumpFun raised 600 million dollars in just 12 minutes through its initial token issuance (ICO) last month. Although the PUMP token subsequently fell at one point, the platform has initiated a multi-million dollar token buyback plan. According to CoinGecko data, the PUMP price has increased by 17.8% in the past week, currently reported at 0.003247 dollars. Although there is still a 52% drop from the historical peak, the rebound momentum is evident.

Community and liquidity become the core of competition, LetsBonk continues to catch up

LetsBonk, relying on the strong support of the Bonk community and deeply integrated with Raydium's LaunchLab, has become a strong competitor to PumpFun. Half of the BONK transaction fee revenue on the platform is used to repurchase and burn BONK tokens, while the other half is invested in BONKsol and ecological projects, further strengthening community cohesion and liquidity. Vincent Liu, Chief Information Officer of Kronos Research, pointed out that the long-term competitive key for the two platforms lies in community participation and continuous innovation.

Solana launchpad status challenged by Base, network competition upgraded

It is worth noting that Solana's position as the mainnet for memecoin launches is being strongly challenged by Base. Recently, the number of new coin issuances on the Base launch platform has surpassed that of Solana, indicating a further escalation in multi-chain ecosystem competition. Who will stand out in the memecoin craze, Solana or Base, and become the new market focus?

Conclusion

PumpFun has reclaimed the top spot in new coin issuance over 24 hours on Solana, intensifying the competition with LetsBonk. Platform liquidity, community vitality, and innovation ability will become the key factors for victory in the future. With emerging public chains like Base joining the fray, the competitive landscape of memecoin launching platforms is rapidly evolving.