Meme Insider
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Hey there, meme coin enthusiasts! If you’ve been keeping an eye on the Solana blockchain, you’ve probably noticed some exciting shifts in the launchpad scene. Blockworks Research recently dropped a thread on X that’s got everyone talking about the “launchpad wars” between Bonkfun and Pumpfun. Let’s break it down in a way that’s easy to digest, even if you’re new to the crypto game!
The Rise of Bonkfun: A New Contender
The thread kicks off with a fascinating chart showing Solana launchpad revenue over time.
What’s driving this? Well, it seems the launchpad launched by Raydium and the Bonk community back in April had a slow start but has roared back to life. The thread suggests this resurgence is fueled by a surge in token creation and market cap growth, especially with tokens like Useless Coin leading the charge.
Useless Coin: The Meme Coin Phenom
Speaking of Useless Coin, this satirical meme token has taken the Solana ecosystem by storm. With a market cap jumping from $50 million to over $350 million, it’s proof that sometimes, the silliest ideas can rake in the big bucks. Launched on Bonkfun, Useless Coin has no utility or roadmap—just pure meme power—and yet, it’s outperforming heavyweights like DOGE and SHIB. This kind of hype is a huge boost for Bonkfun’s credibility.
The Shift in Token Creation
Here’s where it gets juicy: the biggest Pumpfun token creators are jumping ship to Bonkfun. The thread highlights a drop in Pumpfun’s daily token creations (from 30k to 10k) while Bonkfun’s numbers have soared (from 1k to 20k) over the past month. It’s like watching a blockbuster movie where the underdog steals the show! Blockworks Data Analyst @0xSharples points out that this crossover of creators might be the key to Bonkfun’s sudden success.
Why the Switch?
So, what’s motivating this migration? One theory is the creator rewards. If Bonkfun offers better incentives, it’s no surprise creators are flocking there. Another factor could be the performance of Bonkfun tokens, which might be attracting more traders and sparking a “flywheel” effect—where success breeds more success. The thread also notes that while user activity might not be the main driver (thanks to third-party platforms like AxiomExchange), the short-term outperformance of Bonkfun tokens could be tipping the scales.
A Battle for the Ages
This isn’t just a casual rivalry—it’s a full-blown war for market share. Pumpfun isn’t going down without a fight, and Raydium/Bonkfun will do everything to hold onto their newfound throne. The thread ends with a promise to keep monitoring this showdown, and we at Meme Insider will be right there with you, watching every move!
What’s Next?
As of July 11, 2025, it looks like Bonkfun has the upper hand, but the crypto world is anything but predictable. Will Pumpfun stage a comeback? Will Useless Coin keep climbing? One thing’s for sure: the launchpad wars are heating up, and it’s an exciting time to be a meme coin fan. Stay tuned to Meme Insider for the latest updates and insights to help you navigate this wild blockchain landscape!
