🚨 Still dominates over 95% of the market share — but competitors are creeping in to claim their space
📌 As of mid-May 2025, the total number of tokens created on Solana launchpads is as follows:
- ~2,000,000 tokens (accounting for 95.5% of the entire market)
- LetsBonk: ~50,000 tokens (2.4%)
- Believeapp: ~30,000 tokens (1.4%)
- Moonshot: ~10,000 tokens (0.48%)
- LaunchLab: ~5,000 tokens (0.24%)
📌 The market share of remains the undisputed giant, but the story doesn’t end there: in just a few weeks, LetsBonk and Believeapp have eroded nearly 4% of the market share, whereas previously the market was almost 100% dominated by
📌 If this pace continues, in just 1-2 more months, smaller competitors could capture 10–15% of the market share, especially as investor sentiment begins to sour on bots and repetitive pump-and-dump schemes from
📌 The question arises: Is being gradually disrupted? When market trust is no longer an absolute advantage, the dominant position could collapse in just a few weeks if the narrative shifts.
🚨 Jito explodes in profits thanks to the Believe craze
📌 While the market is still debating "Does Solana have another wave?", Jito has quietly surpassed $3.6M in daily revenue from validator tips – the highest figure in history, up +57% in just a few weeks. Solana's blockspace is in high demand, but not everyone can take advantage of it.
📌 In contrast, – the platform that launched a memecoin which made waves during last year's meme craze is losing momentum. Transactions have dropped nearly -30%, signaling that capital has shifted away from the slot-machine-style memecoins and is starting to look for new opportunities.
📌 Believe – a rising launchpad that allows users to "mint tokens on X" with just a comment. No need for developers, websites, or roadmaps – just the syntax: launchcoin + token name. It's easy to go viral and enables rapid bonding-curve farming. To me, this is old wine in a new bottle, essentially 2.0 – with a fee model of 2% per transaction (split between the creator and the platform), turning everyone into coin creators and exit liquidity providers.
📌 LAUNCHCOIN (the first token on Believe) pumped 30x (from $12M to $344M market cap) in just 4 days. New models are continuously being launched, causing capital to rotate very quickly. As a result, trends fade almost as soon as they heat up. Let's see how long the Believe craze will last.
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