It's been hot in Solana trenches in the last 72 hours 🔥
- @bonk_fun flipped Pump fun
- @theunipcs received $300M+ from community
- @RaydiumProtocol SDK generates good profit
Here is all you need to know 🧵
For the first time, Pump fun lost its lead in daily token deployments and graduates.
On July 6, 16.8K tokens were deployed on @bonk_fun (58.5% of total) vs 10.1K tokens on Pump fun (35.2%).
As for graduates, 75% of tokens that graduated yesterday were launched on LetsBonk.
Still, Pump fun holds leadership in daily traders count, 342K vs 191K on LetsBonk.
Also, its liquidity remains much thicker, $435M vs $34.5M.
The competition is tightening, as LetsBonk is steadily growing these numbers as well.
This is the first time Pump fun position is seriously challenged.
Interestingly, it’s happening before, not after, Pump fun TGE, when user activity was expected to grow.
Does it mean $PUMP will arrive sooner to grab attention back? We'll find out shortly.
@theunipcs received $300M+
Someone created a token and sent 98% of supply to Bonk Guy. The token pumped heavily and his share was worth over $300M.
Just as promised in his tweet, he burnt almost all the tokens, only swapping a fraction of 0.07% into $useless.
@RaydiumProtocol LaunchLab hits $1M in daily fees
The growth is fueled by LetsBonk, which uses Raydium SDK. On July 6, LaunchLab fee hit $1.32M, the 2nd best result ever.
Raydium found a new revenue stream after parting ways with Pump fun.
One good launchpad is all it takes.
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