Key Takeaways
- Solana memecoin launchpads have gained much recognition following the emergence of PumpFun on the Solana network.
- PumpFun has generated over $1 billion since its launch as a Solana memecoin, driven by the creation of the PUMP token.
- LetsBonk, BelieveApp, and PumpFun remain top Solana memecoin launchpads favored by degens.
Solana’s memecoin launchpad has gained significant recognition in the last few weeks, following the emergence of LetsBonk, which broke the monopoly of PumpFun in the crypto space. PumpFun has achieved a notable level of success as the go-to platform for launching Solana memecoins, generating over $1 billion in revenue since launching its platform in early 2024.
However, things are beginning to look more interesting with the emergence of new Solana memecoin launchpads. Let us discuss some of the top Solana memecoins launchpads that have gained the attention of degen traders in the last few months.
Memecoins and the Emergence of Solana Launchpads
Memecoins have existed in the cryptocurrency space for many bull cycles now, initially starting out on the Ethereum network but facing struggles due to high gas fees. However, during the peak of the bear market, memecoins gained momentum again, with the likes of BONK in the Solana space generating significant buzz among degens.
Things got more interesting for memecoins with the introduction of a memecoin-focused bonding curve mechanism, which eliminates the need for memecoin presales, limits rugpulls, and provides liquidity for these memecoins.
Pump.fun pioneered this mechanism, which allows a portion of the memecoin supply launched to be allocated to a bonding curve, while another part is reserved for liquidity. This mechanism for memecoins by Pump.fun was a success, generating substantial revenue and facilitating ease of entry for memecoin creation within the Solana ecosystem.
However, this idea has gained considerable attraction, leading to other Solana memecoin launchpads emerging and challenging Pump.fun for the top spot in the memecoin space. Let us discuss some of these top Solana memecoin launchpads.
1. Pump.fun
Pump.fun has been a significant contributor to the growth of memecoin on the Solana network, with its unique idea generating millions or billions of dollars in revenue through the creation and launch of memecoin on its platform.
PumpFun Data – Source Dune
Since its launch, PumpFun has graduated over 148,956 memecoin tokens, with a total PumpFun market cap exceeding $5.6 billion, signaling incredible growth for a memecoin launch platform.
This great success has also led to the recent launch of its native token, PUMP, through a public sale to the crypto community; however, things haven’t gone as expected for the PUMP token.
Overall, PumpFun is a top Solana memecoin launchpad for many degens looking to start off in the memecoin space.
2. LetsBonk.fun
LetsBonk Data – Source Dune
Despite being a relatively new Solana memecoin launchpad, the on-chain data for LetsBonk has been impressive, following its recent launch less than six months ago. The platform has recorded over 700,000 active daily transactions, according to the Dune analytics dashboard.
The idea behind the BONK memecoin, which powers this platform, has been instrumental, coupled with its buyback and burn mechanism, which has attracted a significant number of degenerate traders in the last couple of weeks.
However, LetsBonk has fallen short in terms of daily active users, with PumpFun recording the highest number. Nevertheless, LetsBonk has demonstrated strong potential for growth and is still in its early stages, and is expected to see strong growth to the upside.
3. BelieveApp
While the above launchpads look similar with little difference, BelieveApp offers something different and unique, allowing creators to test their ideas to see if the community would buy them.
BelieveApp is designed with the idea of a dynamic bonding curve, allowing creators to have low-fee launches and greater flexibility. Projects or memecoins are created on the app, employing a community-driven approach for many projects and a revenue-sharing formula for BelieveApp and its creators.
Conclusively, these top Solana memecoin launchpads provide degenerate traders and creators with the opportunity to create memecoins on the Solana network with ease, and offer degenerate traders a straightforward entry point for trading various tokens within the Solana ecosystem.
Related Read
Solana Wild July – Top Solana Memecoins That Will Pump Next
Solana’s Next Rally is $300, Explains Top Crypto Analyst
PUMP Token Crashes as Crypto Traders Regret ICO Participation
