Changes in the Solana issue coin platform landscape: Alternation of old and new forces

Recently, the issue coin platform market within the Solana ecosystem is quietly undergoing changes. The once-glamorous established platforms are gradually losing user favor, while a new platform called LetsBONK.fun is rapidly rising, becoming the new favorite of the community. What exactly is happening behind this "platform shift"? Why has the choice of users quietly changed? Let us explore this interesting phenomenon together.

Established Platform: From Peak to Controversy

Over the past year, a well-established platform has been the most popular Meme issue coin platform on Solana. It is easy to operate, and you can complete the issue coin process in just a few steps, attracting a large number of creators and speculators. At its peak, the platform was able to launch tens of thousands of Meme projects daily, yielding significant profits.

However, as time goes on, problems gradually come to light:

• The platform has accumulated enormous revenue, exceeding 700 million dollars in just over a year.
• User returns are very low, and less than 5% of users can earn over 1000 dollars.
• The platform has not effectively supported the growth of the project and has not made substantial contributions to the community or ecosystem.
• Finally announced the issuance of platform coin, with a valuation of up to 4 billion dollars.

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

LetsBONK.fun: The concept of co-creation leads a new trend

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

• On the first day of launch, 800,000 people participated, and 2,700 tokens were issued.
• Trading volume exceeds 300 million USD within 24 hours
• As of now, more than 180,000 coins have been issued through the platform, far exceeding similar platforms.

The biggest feature of LetsBONK.fun is that the platform does not simply harvest users, but instead returns the income to the ecosystem.

Taking the on-chain allocation data as of July 7, 2025 (total revenue 68,768 SOL):

• 60% allocated to BONK stakers
• 20% used for repurchasing BONK
• 10% allocated to BONK liquidity providers
• 5% for project incubation
• 5% for platform operation

This profit distribution model reflects the platform's co-construction philosophy, allowing users to truly become participants and beneficiaries of the ecosystem.

Substantive Support for Project Growth

LetsBONK.fun not only encourages project development but also provides substantial financial support. Taking the $USELESS project as an example:

• The platform directly purchases $USELESS tokens from the market to establish a treasury for the project.
• Use this asset to assist the project in applying for listing on a tier-one exchange.
• According to statistics, this initiative has invested over 600,000 US dollars.

In the Meme ecosystem, this level of support is unprecedented. In stark contrast, although established platforms have earned substantial profits from community popularity, they have failed to provide any substantial resources for projects.

Users vote with their feet

The latest data shows that LetsBONK.fun has surpassed the old platforms in multiple aspects:

• As of July 2025, the token issuance of LetsBONK.fun reached 15,600, surpassing the 11,500 of established platforms.
• LetsBONK.fun market share reached 51%, while the old platform has dropped to 39.9%.
• Fully leading in indicators such as the number of popular projects, active users, and daily trading volume.

This success is not solely based on "hype", but rather a reflection of a new generation of issue coin model that organically combines community, functionality, and narrative.

Reasons Users Choose LetsBONK.fun

LetsBONK.fun's success conveys a new concept:

1. Users are not the victims, but co-builders of the ecosystem.
2. The project is not for short-term speculation, but for fostering long-term development.
3. Participation is not just about "dreaming", but also about "doing" in a tangible way.

This explains why so many users are flocking to this platform. They are not just simply issuing coins, but are looking for an ecological space that allows for "long-term participation and deep development."

In this rapidly changing crypto world, the rise of LetsBONK.fun undoubtedly brings new possibilities and development directions to the Meme coin ecosystem. Its success indicates that users are seeking a more fair, transparent, and mutually beneficial platform model. In the future, we may see more similar innovative platforms emerge, pushing the entire industry towards a healthier and more sustainable direction.