Solana’s LetsBonk Surpasses Pump.fun in Daily Revenue Amid Potential DeFi and TradFi Convergence
2025-07-11 18:29:21
Main Idea
LetsBonk has surpassed Pump.fun in daily revenue on the Solana blockchain, highlighting a shift in memecoin launchpad dominance, while JPMorgan predicts accelerated convergence between DeFi and TradFi.
Key Points
1. LetsBonk generated $1.04 million in 24-hour protocol revenue, nearly double Pump.fun's $533,412, driven by strong community support from Bonk (BONK) token holders.
2. BONK's market capitalization approaches $1.8 billion, with the token appreciating approximately 52% since LetsBonk's debut.
3. JPMorgan's Nelli Zaltsman predicts accelerated convergence between DeFi and TradFi within the next few years, characterized by an 'asset agnostic' framework.
4. Projective Finance launched a $7 million onchain lending pool for Illinois, focusing on renewable energy infrastructure financing.
5. OpenSea acquired Rally to expand into mobile and token trading, with a mobile-first approach expected to launch in 2025.
6. Security researchers prevented a $10 million DeFi backdoor exploit targeting uninitialized ERC-1967 proxy contracts.
Description
Solana’s memecoin landscape experiences a significant shift as LetsBonk surpasses Pump.fun in daily revenue, signaling evolving dynamics within the ecosystem. The convergence of decentralized finance (DeFi) and traditional finance (TradFi)
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