New Forces of Issuing Coins on Solana: The Rise of Co-Building Platforms

Recently, the landscape of token issuance platforms in the Solana ecosystem has quietly changed. The established platform that was once all the rage is gradually losing its aura, and a new co-construction platform is on the rise and is favored by more and more users. Behind this "platform translocation", it reflects that the community's demands for the coin issuing platform are undergoing a profound change.

The former overlord is in trouble

In the past year, a certain well-established platform has dominated the market on Solana, becoming the most popular meme coin issuance platform. It operates easily, allowing users to issue coins in just a few steps, attracting a large number of creators and speculators. At its peak, the platform could launch tens of thousands of meme projects every day, generating substantial revenue.

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

1. The platform's revenue is immense, accumulating over 700 million dollars in more than a year, but user returns are minimal. Data shows that less than 5% of users earn more than 1000 dollars.

2. The platform failed to provide effective support for the project, nor did it make a substantial contribution to the community or ecosystem.

3. The platform announced plans to issue its own coin, with a valuation of up to 4 billion USD, sparking controversy.

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

Emerging Platform: The Concept of Co-construction Leads the Trend

In April this year, a new issue coin platform led by the Meme coin BONK community quietly went online. Its performance has been remarkable:

• On the first day of launch, attracted 800,000 users to participate, and issued 2,700 coins.
• Exceeded $300 million in trading volume within 24 hours
• More than 180,000 coins have been issued through the platform so far, far exceeding similar platforms.

The biggest feature of this new platform is that it does not simply harvest users, but rather returns the revenue to the ecosystem. It truly practices the concept of "co-construction":

Taking the on-chain distribution data from July 7 as an example (total revenue 68,768 SOL):

• 50% for liquidity incentives
• 20% allocated to BONK holders
• 10% for ecosystem development
• 10% as platform operating fees
• 10% used to buy back and burn BONK

From Encouragement to Substantial Support

The new platform will not only support the launch of the project, but will also actually invest money to help the project grow. Take a token as an example:

• The platform directly purchases the token from the market to establish a treasury for the project.
• Use the assets to assist the project in applying for listing on a well-known exchange
• According to statistics, this initiative has invested over $600,000

In the Meme space, this substantial support is groundbreaking.

Users vote with their feet

Latest data shows that the new platform is gaining market recognition:

• As of July, the new platform's coin issuance reached 15,600, surpassing the old platform's 11,500.
• New platform market share 51%, old platform dropped to 39.9%
• Leading the way in terms of the number of popular projects, active users, daily trading volume and other indicators

These achievements are not merely the result of hype, but rather the outcome of the combined effects of the community, functionality, and narrative.

Behind User Choices

The reason the new platform can rise rapidly lies in conveying a new concept:

1. Users are not retail investors, but co-builders.
2. The project is not for short-term speculation, but rather for long-term cultivation.
3. Participation is not just about "dreaming", but also about "doing things".

This also explains why so many users flock to this platform. They are not only for the issuance of tokens, but also to find an ecological space that can "participate in the long term and develop deeply".