Solana’s LetsBonk Surpasses Pump.fun in Daily Revenue Amid Potential DeFi and TradFi Convergence

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.