Share this article
Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand
Pump.fun had dominated the issuance sector since its January 2024 debut, accumulating over $800 million in fees within two years.
Updated Jul 8, 2025, 8:33 a.m. Published Jul 8, 2025, 7:27 a.m.
Make us preferred on Google
What to know:
- Bonk.fun has overtaken Pump.fun to become the leading Solana token launchpad, capturing 55.2% of the market share.
- Bonk.fun's fee structure supports the BONK token by using 58% of fees to buy and burn BONK, significantly increasing demand.
- If Bonk.fun maintains its current growth, annual BONK purchases could reach hundreds of millions, tightening the token's supply.
Over the weekend, Bonk.fun overtook Pump.fun, the popular Solana token issuer, to become the leading launchpad in the market, claiming over 55% market share. This milestone is bumping up demand for BONK, the Solana-based token at the center of its ecosystem.
New data show that Bonk.fun has facilitated over $540 million in volume across 175,000 launches, generating approximately $34 million in fees. That gives it a commanding 55.2% share of the meme launchpad market — ahead of Pump.fun’s 34.9% and $341 million in total volume.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Pump.fun had dominated the sector since its January 2024 debut, accumulating over $800 million in fees within two years.
Bonk.fun has flipped that lead in just two months, driven by deeper token incentives and faster platform traction and a BONK buy-back plan that has caught the eye of some early investors.
"The massive increase in Bonk.fun market share helps BONK through the aggressive market buy pressure it contributes to the BONK token," shared widely-followed crypto investor theunipcs in a message to CoinDesk.
A key difference lies in Bonk.fun’s fee structure. 50% goes to buying then burning BONK, 8% goes to buying BONK for reserves, and the rest the platform keeps as revenue.
"50% of Bonk.fun fees goes towards buying and burning $BONK, and another 8% goes towards buying BONK for reserves. When you consider that Bonk.fun has generated over $1 million/day daily since it flipped Pump.fun, that's at least $500,000/day in revenue-driven BONK buy and burn," the trader added.
The biggest Bonk.fun-issued token is USELESS, an intrinsically useless token that jibes at its own lack of utility that has built a cult following in past week, helping propel it to over $250 million in market capitalization just weeks after going live.
If Bonk.fun continues to dominate at current pace, annualized BONK purchases could reach into the hundreds of millions, further tightening supply.
Meanwhile, other Solana-based launchpads, such as Believe (3.8% market share), Jup Studio (2.1%), and Moonshot (1.7%), remain far behind in both volume and engagement.
Read more: Pump.fun Aiming to Raise $1B Via Token Sale at $4B Valuation: Blockworks
Plus pour vous
Accelerating Convergence Between Traditional and On-Chain Finance in 2026?
Commissioned bySociete Generale-FORGE
More For You
Ark Invest's Cathie Wood says bitcoin will thrive amid ‘deflationary chaos’ created by AI and innovation
Exponential tech will force down prices and stress legacy finance, for which bitcoin offers a trustless alternative, said Wood at Bitcoin Investor Week.
What to know:
- Cathie Wood argues that bitcoin is a hedge not only against inflation but also against a coming wave of technology-driven, productivity-led deflation.
- She says rapid cost declines in artificial intelligence and other exponential technologies will trigger "deflationary chaos" that traditional financial institutions and the Federal Reserve are unprepared for.
- In her view, bitcoin’s decentralized design and fixed supply make it a safer alternative to fragile, debt-based financial systems that could be strained by deflation and disrupted business models.
Top Stories
