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Solana-based DeFi platform Pump.fun surpassed by rival project BONK in bond volume - Examination of the importance

Memecoin icon BONK successfully swaps positions with Pump.fun using a bonded SOL transaction for the first time, indicating a significant transformation in Solana's memecoin market.

Boost in Solana Bond Volume: Why BONK Overpowering Pump.fun is Significant
Boost in Solana Bond Volume: Why BONK Overpowering Pump.fun is Significant

Solana-based DeFi platform Pump.fun surpassed by rival project BONK in bond volume - Examination of the importance

In a significant turn of events, the meme economy within the Solana blockchain is undergoing a major transformation, with BONK emerging as a key player. Recent data and analysis suggest that BONK is rapidly gaining traction, leading to a substantial shift in on-chain capital flow.

BONK, the memecoin at the heart of this change, has seen a notable surge in market capitalisation and daily trading volume. With a market cap of approximately $1.7 billion and a daily volume exceeding $1.5 billion, BONK is attracting substantial speculative and trading activity on-chain.

The token's bullish momentum has propelled it to the forefront of Solana's memecoin rally, with consistent gains and an approach to the significant milestone of 1 million holders. This event will trigger a massive 1 trillion token burn, creating strong positive price pressure and further consolidating BONK's dominance in Solana's token ecosystem.

BONK's ecosystem is growing rapidly, thanks to initiatives like the LetsBONK.fun launchpad, which has outperformed competitors in daily volume with a 126% increase. Half of the platform’s revenue is used to buy and burn BONK tokens, creating a cycle of on-chain capital flow directly back into the token.

Community and developer engagement are also key drivers of BONK's success. The recent BONK hackathon, which offered significant prize money, has fostered ecosystem growth and attention towards BONK-based projects.

The upcoming launch of leveraged BONK ETFs by Tuttle Capital Management, scheduled for July 16, 2025, is expected to attract institutional and leveraged trading capital, further increasing on-chain and off-chain liquidity flows into BONK.

Solana's memecoin ecosystem currently accounts for 20% of the total $54 billion memecoin market cap, with $11 billion in combined value. BONK's bonding curve model, functionally similar to Pump.fun's, is driving this shift. For the first time, BONK-linked platforms have overtaken Pump.fun in daily bonded Solana tokens.

This shift in capital from Pump.fun to BONK suggests that traders might be rotating liquidity into more structurally sticky protocols like BONK-linked platforms. The current trend could potentially lead to BONK becoming the leader in Solana's memecoin scene in Q3, surpassing Pump.fun's previous dominance.

Moreover, BONK's TVL shows a move beyond short-term hype cycles, signalling a maturation of Solana's memecoin economy. The TVL of Bonk Staked SOL was $11.98 million on July 6th, up from approximately $8 million in early May, representing a nearly 50% rise in two months.

In conclusion, the data suggests a deeper structural shift in Solana's memecoin ecosystem. The fact that BONK has surpassed Pump.fun in daily bonded Solana tokens is not a fluke, but points to a structural shift in Solana's memecoin economy, with BONK becoming the backbone of this segment of the blockchain.

  1. The memecoin BONK, residing within the Solana blockchain, is making waves in the crypto industry as it speeds towards a market cap of over $1.7 billion, due to a surge in trading volume.
  2. BONK is reflecting a remarkable dominance in Solana's token ecosystem, as it outperforms competitors in daily volume, with initiatives like the LetsBONK.fun launchpad, and signals growth following the recent BONK hackathon.
  3. The forthcoming launch of leveraged BONK ETFs by Tuttle Capital Management offers institutional and leveraged trading capital, promising to further increase liquidity flows into BONK, potentially leading to its rule as a leader in Solana's memecoin scene in Q3.

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