Changes in the Coin Issuance Landscape on Solana: The Rise of New Platforms

Recently, the landscape of issuing coin platforms in the Solana ecosystem has quietly changed. Once popular established platforms are gradually losing their luster, and a new platform called LetsBONK.fun has rapidly risen, becoming a favorite among community users. What exactly has happened behind this "platform shift"? Why has there been such a significant change in user choices? Let's explore this intriguing phenomenon together.

Established Platform: From Glory to Controversy

For more than a year, a well-established platform has been the most popular Meme issue coin platform in the Solana ecosystem. It is known for its simple operation, allowing users to complete the issue coin process in just a few steps, attracting a large number of creators and investors. At its peak, the platform could launch tens of thousands of Meme projects daily, bringing considerable profits to the platform.

However, as time goes by, some problems gradually emerge:

1. The platform's revenue and user returns are severely disproportionate. According to statistics, the platform's total revenue exceeds $700 million, but less than 5% of users can earn more than $1,000.

2. Lack of continuous support for the project. The platform has failed to provide effective assistance for the long-term development of the project and has not made substantial contributions to the community or ecosystem.

3. The platform coin plan has sparked controversy. When the platform announced its plan to issue a platform coin and gave an estimated valuation of up to 4 billion USD, it triggered widespread skepticism from the community.

Overall, this established platform leaves the impression of being "self-serving, viewing users as tools."

Emerging Platforms: Collaborative Concepts Gaining Favor

In April 2025, a new issue coin platform led by the Meme coin BONK community, LetsBONK.fun, officially launched. Its debut immediately attracted widespread attention:

• On the first day of launch, attracted 800,000 users to participate, issued 2,700 coins.
• The trading volume exceeded 300 million USD within 24 hours.
• Currently, over 180,000 coins have been issued through this platform, far exceeding similar platforms.

The biggest feature of this new platform lies in its "co-building" concept. Unlike the harvesting model of traditional platforms, LetsBONK.fun chooses to return most of its revenue to the ecosystem. Taking the on-chain data from July 7, 2025, as an example, the total revenue for that day was 68,768 SOL, and its distribution plan fully reflects this concept.

Real gold and silver support project growth

LetsBONK.fun not only supports project development in slogan but also provides support through practical actions. Taking the $USELESS project as an example:

• The platform directly purchases $USELESS tokens from the market to establish a funding reserve for the project.
• Use this fund to assist the project in applying for listing on a large exchange.
• According to statistics, this initiative has invested over $600,000.

This substantial project support in the Meme coin field can be said to be pioneering.

Users vote with their feet

The latest data shows that LetsBONK.fun has surpassed the established platforms in several key metrics:

• By July 2025, the token issuance of LetsBONK.fun will reach 15,600, surpassing the 11,500 of the old platform.
• LetsBONK.fun's market share has reached 51%, while the old platform has dropped to 39.9%.
• LetsBONK.fun is leading in terms of the number of popular projects, active users, and daily trading volume.

These achievements are not solely the result of hype, but rather the outcome of a new platform's organic combination of community building, functional optimization, and brand narrative.

The Key to a Successful New Platform

The reason why LetsBONK.fun was able to quickly win users' favor lies mainly in the core concept it conveys:

1. Users are not the targets of exploitation, but co-builders of the ecosystem.
2. The project is not a tool for short-term speculation, but an asset that needs to be nurtured over the long term.
3. Participating in the platform is not just about getting rich overnight, but also about creating value together.

This concept has attracted a large number of users, who are not just looking to issue coins, but also hope to find a platform where they can participate long-term and develop deeply.

In this way, LetsBONK.fun has not only changed the coin issuance pattern in the Solana ecosystem but also provided a new model worth referencing for the entire cryptocurrency industry.