BONK flips Pump.fun in Solana bond volume – Here’s why it matters
The post BONK flips Pump.fun in Solana bond volume – Here’s why it matters appeared on BitcoinEthereumNews.com.
BONK has overtaken Pump.fun in daily bonded Solana tokens. Is this the beginning of a bigger shift in where capital flows on-chain? Solana’s [SOL] memecoin ecosystem is gaining serious traction, accounting for 20% of the total $54 billion memecoin market cap, with $11 billion in combined value. Sure, Pump.fun has taken the spotlight with its explosive launch cycles. But beneath the surface, the data points to a deeper structural shift. Bonk [BONK], often overlooked in the “hype”, is quietly tightening its grip on the ecosystem. So, is BONK quietly becoming the backbone of Solana’s meme economy, while everyone else chases quick pumps? BONK overtakes Pump.fun in daily bonded tokens Pump.fun, launched in January 2024, redefined token creation on Solana. Within a year, it had raked in $368 million in revenue—averaging $1.5 million daily—and surpassed $700 million in total revenue by year-end. Over 11 million tokens were launched via bonding curves, which required SOL to be locked to mint tokens, pushing prices up as bonding increased. But as the chart below shows, Pump.fun’s daily volume dropped significantly, now averaging around $150 million per day, down from a yearly average of $400 million. Source: Dune In contrast, BONK-linked platforms have now overtaken Pump.fun in daily bonded SOL, capturing 53.2% of bonded activity, marking a first in the platform’s history. This divergence is telling: Are traders beginning to rotate liquidity into more structurally sticky protocols like BONK-linked platforms, signaling a maturation of Solana’s memecoin economy? SOL lockups signal a move beyond hype cycles To gauge BONK’s SOL-bonded activity, the most reliable metric is the TVL of Bonk Staked SOL. On the 6th of July, DeFiLlama data pegged the same at $11.98 million, up from roughly $8 million in early May. That’s a nearly 50% rise in just two months. Sure, functionally it is…
Filed under: News - @ July 7, 2025 1:03 am