New Coin Issuer on Solana: The Rise of Collaborative Platforms

Recently, a new change has emerged in the coin issuance craze within the Solana ecosystem. A platform called LetsBONK.fun is quietly changing user choices, gradually replacing the former leaders. What are the reasons behind this shift? Let's take a closer look.

The Decline of the Former Dominator

In the past year and more, a well-known platform was the most popular Meme issue coin platform on Solana. It was known for its ease of use, attracting a large number of creators and speculators. At its peak, the platform could launch tens of thousands of Meme projects daily, yielding substantial profits.

However, as time goes by, problems gradually emerge:

• The platform's cumulative revenue exceeds $700 million, but the user return rate is low.
• Lack of support for project growth
• Failed to create lasting value for the community or ecosystem
• Announce the issuance of platform coin, valued at up to 4 billion USD.

In short, the platform profits greatly, while users have become "tools for the side."

The Rise of New Stars: Co-Constructed Platform

In April 2025, a coin issuance platform led by the Meme coin BONK community, LetsBONK.fun, officially launched. Its performance is impressive:

• On the first day, 800,000 people participated, issuing 2,700 coins.
• The trading volume exceeded 300 million USD within 24 hours.
• A total of over 180,000 coins have been issued so far, far exceeding similar platforms.

The biggest feature of LetsBONK.fun lies in its co-construction concept, which returns platform revenue to the ecosystem. Taking the on-chain data from July 7, 2025, as an example, the total revenue of 68,768 SOL is distributed as follows:

• 30% used to buy and burn BONK coin
• 20% allocated to BONK stakers
• 20% for ecological construction
• 20% as operating funds for the platform
• 10% allocated to BONK DAO

Substantial project support

LetsBONK.fun not only supports projects verbally but also puts it into action. Taking the $USELESS project as an example:

• The platform directly purchases $USELESS from the market to establish the project fund.
• Use these assets to assist projects in applying for primary exchange listing
• According to statistics, this initiative has invested over $600,000.

Such a level of support is rare in the Meme space.

Data Comparison: The Battle of Old and New Platforms

As of the latest data up to July 2025:

• The token issuance of LetsBONK.fun reached 15,600, surpassing the 11,500 of established platforms.
• LetsBONK holds a market share of 51%, while the established platform has decreased to 39.9%.
• Leading comprehensively in metrics such as the number of popular projects, active users, and daily trading volume.

This success is not solely dependent on hype, but rather a result of the combination of community, functionality, and narrative.

Behind User Choices

Users favor LetsBONK.fun because it conveys a brand new concept:

• Users are not the ones being harvested, but rather co-builders of the ecosystem.
• The project is not a target for short-term speculation, but rather a goal for long-term cultivation.
• Participation is not just about "dreaming", but about actually "doing things".

This concept has attracted numerous users to the platform, not only to issue coins but also to find a space where they can participate long-term and engage in deep development.