Memecoin market cap grows 29% in July

Key Points

1. Memecoin market cap increased to $72 billion in July, up 29% from $55 billion at the end of June.

2. Bonk memecoin surged by 72%, Floki by 45%, and Pudgy Penguins (PENGU) by 58% during the week.

3. LetsBonk, a Bonk-backed Solana memecoin launchpad, surpassed Pump.fun in 24-hour volume and 7-day revenue, earning $8.25 million compared to Pump.fun's $4.91 million.

4. LetsBonk had a 51.9% market share in DEX aggregator Jupiter's 24-hour volume, while Pump.fun had 39.5%.

5. Pump.fun remained dominant in 30-day protocol revenue ($29 million) and had higher liquidity ($510 million vs. LetsBonk's $53 million) and more traders (413,000 vs. 275,000).