The New Darling on Solana: The Rise of Collaborative Coin Issuing Platforms

Recently, a new change has emerged in the coin issuance craze within the Solana ecosystem. A platform called LetsBONK.fun has quietly risen to gradually replace the former dominant position. What exactly happened behind this shift? Why has there been such a significant change in the choices of community users?

Let's take a look at the story of the "platform shift."

The Former King: From Glory to Controversy

In the past year, a well-known issue coin platform has dominated the Solana ecosystem. It is renowned for its ease of use, requiring only a few steps to complete token issuance, attracting a large number of creators and investors. At its peak, the platform was able to launch tens of thousands of Meme projects daily, yielding substantial profits.

However, over time, problems gradually became apparent:

1. The platform's revenue is substantial, exceeding $700 million, but user returns are minimal. Data shows that less than 5% of users can profit over $1,000.
2. The platform has failed to provide effective support for the project and has not made any substantial contributions to the community or ecosystem.
3. The platform announced the issuance of its own coin, valued at up to $4 billion, sparking controversy.

In short, the platform profits greatly, while users have become mere "tools for running alongside".

The Rise of New Stars: Collaborative Concepts Leading the Trend

In April 2025, a new platform called LetsBONK.fun, led by the Meme coin BONK community, emerged. Its performance is impressive:

• On the first day of launch, it attracted 800,000 users to participate and issued 2,700 coins.
• Trading volume exceeded 300 million USD within 24 hours.
• More than 180,000 coins have been issued to date, far exceeding similar platforms.

The most striking feature is that the platform is not aimed at harvesting users but instead giving back income to the ecosystem. This is a true "co-construction platform."

For example, based on the on-chain allocation data as of July 7, 2025 (total income 68,768 SOL):

• 60% allocated to BONK holders
• 20% for BONK liquidity
• 10% allocated to platform operation team
• 10% for ecosystem development

Healthy Interaction Between Platforms and Projects

LetsBONK.fun not only supports project launches but also provides substantial financial support. Taking $USELESS as an example:

• The platform directly purchases $USELESS from the market to establish a funding pool for the project.
• Use this asset to assist the project in applying for listing on mainstream platforms.
• According to statistics, this initiative has invested over $600,000.

In the Meme coin space, such strong support is rare.

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As of July 2025, LetsBONK.fun has surpassed its predecessors in several key metrics:

• The token issuance reached 15,600, surpassing the competitor's 11,500.
• Market share is 51%, while competitors have dropped to 39.9%
• Fully leading in the number of popular projects, active users, and daily trading volume.

These achievements are not solely based on hype, but are the result of a new generation of issue coin models that combine community, functionality, and narrative.

Behind User Choices

The reason LetsBONK.fun can attract so many users is mainly due to the following signals:

1. Users are not the targets of harvesting, but co-builders of the ecosystem.
2. The project is not a tool for short-term speculation, but an entity expected to develop in the long term.
3. Participation is not just about "dreaming", but also about "doing things".

This also explains why numerous users are flocking to this platform. They are not just to issue coins, but to find an ecosystem that allows for "long-term participation and in-depth development."

In this rapidly changing crypto world, the success of LetsBONK.fun undoubtedly provides us with a new paradigm worth contemplating.