Memecoin platform LetsBonk has overtaken Pump.fun in daily protocol revenue on the Solana blockchain, signaling a shift in launchpad dominance within the memecoin ecosystem. LetsBonk generated $1.04 million in 24-hour revenue, nearly doubling Pump.fun’s $533,412 tally. This surge is attributed to robust community support from Bonk (BONK) token holders.
Concurrently, JPMorgan’s Nelli Zaltsman forecasts accelerated convergence between decentralized finance (DeFi) and traditional finance (TradFi) in coming years. Zaltsman describes this evolution as an ‘asset agnostic’ framework where financial infrastructure interoperates across diverse asset classes.
Further developments include Projective Finance launching a $7 million on-chain lending pool dedicated to renewable energy infrastructure financing in Illinois. Separately, NFT marketplace OpenSea acquired Rally to advance mobile-first token trading capabilities, with product integration anticipated next year.
In security news, researchers thwarted a potential $10 million DeFi exploit targeting vulnerabilities in ERC-1967 proxy contracts. Meanwhile, BONK’s market capitalization approaches $1.8 billion, with the token appreciating approximately 52% since LetsBonk’s debut.