Over the weekend, Bonk.fun became the leading launchpad in the market with popular Solana Token publisher Pump.fun with Overtoed Overtoed Overok, claiming a market share of over 55%. This milestone has increased demand for Bonk, a solana-based token at the heart of its ecosystem.
New data shows that Bonk.Fun has driven more than $540 million in volume over 175,000 launches, generating fees of around $34 million. This will give you a 55.2% share of the Meme LaunchPad market. It’s ahead of Pump.Fun’s 34.9% and $341 million total.
Pump.Fun has dominated the sector since its debut in January 2024, accumulating more than $800 million in fees within two years.
Bonk.Fun turned that lead in just two months, attributed to deeper token incentives and faster platform traction and Bonk’s buyback plan that caught the eye of some early investors.
“The significant increase in Bonk.Fun market share will help Bonk contribute to Bonk tokens through aggressive market purchasing pressure,” he shared crypto investor Theunipcs, who is widely followed in a message to Coindesk.
The key difference lies in the pricing structure of Bonk.Fun. 50% buy Burning Bonk after purchasing, 8% buy reserves on Bonk purchases, and the rest is maintained as revenue.
“50% of bonk.fun’s fees will be directed towards the purchase and burn of $bonk, with an additional 8% going to buy Bonk, the reserve. Given that Bonk.fun flipped through Pump.fun and generated more than $1 million per day, it’s at least $500,000/day in revenue-driven bonk purchases and burns,” the trader added.
The tokens issued by the largest bonk.fun are useless and are essentially useless tokens that are jibbing with the lack of their own utility that has built cult supporters over the past week, driving a market capitalization of over $100 million just a few weeks later on live.
If Bonk.Fun continues to dominate at its current pace, annual Bonk purchases will reach hundreds of millions of yen, further tightening supply.
Meanwhile, other Solana-based launchpads, such as Believe (3.8% market share), Jup Studio (2.1%) and Moonshot (1.7%), are far behind in both volume and engagement.
Read more: Aiming to raise $1 billion through a $1 billion valuation via Pump.Fun Token Sale: BlockWorks
