Bonk Fun vs. Pump Fun: The Best Solana Meme Coin Launchpad?

The Solana blockchain has become a hotspot for meme coin enthusiasts due to its low transaction fees and high throughput, making it an ideal platform for launching new tokens quickly and affordably. Meme coin launchpads are essential tools in this ecosystem, enabling users to create and launch their own tokens without needing advanced technical knowledge. Two platforms have emerged as frontrunners in this space: Pump.fun and LetsBonk.fun (also referred to as Bonk Fun). Both platforms have unique features, market positions, and community support, but which one is the best Solana meme coin launchpad? In this comprehensive guide, we’ll compare the two based on their features, market share, revenue, notable tokens launched, and community sentiment to help you decide.

What is a Meme Coin Launchpad?

A meme coin launchpad is a platform that simplifies the process of creating and launching meme coins on a blockchain. These platforms typically allow users to:

• Create tokens by providing basic details like the token’s name, symbol, and image.
• Launch tokens instantly on decentralized exchanges (DEXs) for trading.
• Benefit from built-in liquidity mechanisms, such as bonding curves, to ensure tokens can be traded immediately.

Meme coin launchpads have become particularly popular on Solana due to the blockchain’s speed and cost-effectiveness, making it easier for anyone to participate in the meme coin craze.

Pump.fun: The Pioneer of Solana Meme Coin Launchpads

Pump.fun, launched in January 2024, has established itself as a dominant player in the Solana meme coin launchpad space. Here’s a detailed look at its key aspects:

Features

• Instant Token Creation: Users can create a meme coin by uploading an image, choosing a ticker, and providing a name, all for less than $2 in fees.
• Revenue Model: The platform earns a 1% swap fee on all token trades and 1.5 SOL when a token “graduates” (i.e., reaches a $90,000 market cap).
• Fair Launch Mechanism: Tokens are launched without presales, often starting at a fraction of a cent, ensuring a level playing field for all participants.
• Livestreaming Feature: Initially introduced in 2024 for token developers to advertise, it was suspended due to misuse but relaunched in April 2025 with stricter moderation policies (Pump.fun Livestream Moderation Policy).
• PumpSwap DEX: Launched in March 2025, PumpSwap is Pump.fun’s own decentralized exchange, designed to improve token migration and potentially share revenue with token creators (Decrypt — PumpSwap Exchange).

Market Share

• Over 6 million meme coins have been launched on Pump.fun as of January 2025.
• It dominated the Solana launchpad market with nearly 100% market share before the rise of competitors like LetsBonk.fun.
• Recent data shows its market share has dropped to 35.2%, with LetsBonk.fun taking the lead at 58.5% (Decrypt — BONK Launchpad Overtakes Pump.fun).

Revenue

• Generated $60 million in transaction fees in the first half of 2024.
• By November 2024, it had collected over $250 million in revenue.
• In June 2025, it was exploring a token offering that could raise up to $1 billion (Wikipedia — Pump.fun).

Notable Tokens Launched

• Fartcoin: Briefly hit a $1 billion valuation (Dexscreener — Fartcoin).
• WOULD: Reached a $505 million market cap.
• Peanut the Squirrel: Achieved a $221 million market cap (Dexscreener — Peanut the Squirrel).
• Celebrity-endorsed tokens, including those by Iggy Azalea, Caitlyn Jenner, and Jason Derulo.
• Controversial tokens like “Gen Z Quant,” which saw significant community-driven price pumps after initial controversy.

Community Sentiment

• Pump.fun has faced criticism for its high percentage of farming-related activity (78%) and for not reinvesting its revenue into the Solana ecosystem. Instead, it has sold all generated SOL, leading to accusations of “extracting value” from the community.
• However, it remains a popular platform due to its established presence and the success of some of its launched tokens.

LetsBonk.fun: The New Contender

LetsBonk.fun, launched on April 25, 2025, in collaboration with Raydium Protocol, has quickly become a strong competitor to Pump.fun. Here’s an in-depth look at its offerings:

Features

• User-Friendly Token Creation: Users can create tokens by connecting a Solana wallet and filling out a form with the token’s name, ticker, description, and image. Creators can also control the total token supply.
• Integration with Raydium’s LaunchLab: Tokens launched on LetsBonk.fun are automatically integrated with Raydium’s LaunchLab for liquidity and trading .
• Liquidity Locking: Offers liquidity locking to build trust with investors.
• Fee Distribution: A portion of platform fees supports BONK buybacks and Solana network security, aligning with the interests of the Solana community.
• Creator Rewards: Token creators receive 1% of trading fees, significantly higher than Pump.fun’s 0.05%.

Market Share

• Since its launch, LetsBonk.fun has seen its market share surge from 2%-18% in April to 58.5% on a recent Sunday, surpassing Pump.fun’s 35.2%.
• On April 26, 2025, Raydium’s LaunchLab recorded over 4,000 token launches, with more than half coming from LetsBonk.fun.

Revenue

• On its first day, LetsBonk.fun generated $25 million in trading volume.
• While specific revenue figures beyond this are not widely reported, its rapid growth suggests strong potential.

Notable Tokens Launched

• Useless Coin: Achieved a $275.9 million market cap ( Useless Coin).
• Hosico Cat: Reached a $69 million market cap ( Hosico Cat).
• IKUN: Gained a $25.4 million market cap (IKUN).
• LetsBONK: The platform’s own token reached a $30 million market cap within six hours of its debut (LetsBONK).

Community Sentiment

• The Solana community has shown strong support for LetsBonk.fun, praising its community-focused approach.
• Users appreciate that LetsBonk keeps fees within the Solana ecosystem, supports BONK buybacks, and contributes to network security.
• Comparisons to Pump.fun often highlight LetsBonk’s altruistic model, with some users criticizing Pump.fun for prioritizing profit over community interests.

Comparison: Pump.fun vs. LetsBonk.fun

To determine which platform is the “best” Solana meme coin launchpad, let’s compare them across key metrics:

Key Takeaways from the Comparison

• Pump.fun has a longer history and has launched more tokens overall, including some with very high market caps. It also has a more established revenue model and its own DEX, PumpSwap.
• LetsBonk.fun is newer but has rapidly gained ground, surpassing Pump.fun in daily token creations and market share. It offers higher creator fees and a more community-oriented approach, with fees reinvested into the Solana ecosystem.

Community Perspective: What X Users Are Saying

The Solana community on X (formerly Twitter) has been vocal about their preferences:

• Many users praise LetsBonk.fun for its community-focused model, highlighting its fee distribution to BONK buybacks and Solana network security. For example, one user noted that LetsBonk’s fees stay in the ecosystem, unlike Pump.fun, which has generated significant revenue but sold all its SOL.
• Pump.fun is often criticized for extracting value from the ecosystem without giving back, with some users strongly favoring LetsBonk for its altruistic approach and past airdrops during bear markets.
• There’s a strong sentiment that LetsBonk.fun represents the future of Solana meme coin launches, with its alignment with the BONK ecosystem seen as a major advantage. One user suggested that if LetsBonk matches Pump.fun’s $600 million revenue, it could burn 20.2% of BONK’s supply, boosting its value.
• A notable rivalry was highlighted when both platforms backed competing versions of a token named $GLONK, showing the competitive nature of the space.

Conclusion: Which is the Best Solana Meme Coin Launchpad?

Determining the “best” Solana meme coin launchpad depends on your priorities:

• If you value established history and proven success with high-market-cap tokens, Pump.fun might still be the better choice. It has launched over 6 million tokens and generated significant revenue, with notable successes like Fartcoin.
• However, if you prioritize community alignment, higher creator rewards, and long-term ecosystem health, LetsBonk.fun stands out. Its rapid rise to dominance, higher creator fees (1% vs. 0.05%), and community-focused features make it a strong contender.

Given its recent surge in market share, positive community sentiment, and innovative features, LetsBonk.fun appears to be the current frontrunner in the Solana meme coin launchpad space. As the meme coin landscape continues to evolve, it will be fascinating to see how these two platforms compete and innovate to serve the Solana community.

Final Thoughts

Both Pump.fun and LetsBonk.fun have their strengths, but the shift towards community-driven platforms like LetsBonk.fun suggests a changing tide in the Solana ecosystem. For creators looking to launch meme coins while supporting the broader Solana community, LetsBonk.fun seems to be the better option. However, for those who prefer a more established platform with a track record of launching high-value tokens, Pump.fun remains a viable choice.

As always, the best launchpad for you depends on your specific needs and goals. Whichever you choose, the Solana meme coin space continues to offer exciting opportunities for innovation and growth.