- BONK-linked platforms now lead in daily bonded SOL, capturing over 53% of activity—beating Pump.fun for the first time.
- BONK’s TVL surged nearly 50% in two months, showing longer-term confidence vs. short-term pump-and-dump hype.
- This signals a structural shift in Solana’s meme ecosystem, with BONK quietly building staying power as traders seek durability.
Solana’s meme ecosystem isn’t just thriving—it’s straight-up exploding. Memecoins on SOL now make up about 20% of the $54 billion total memecoin market cap. That’s $11 billion worth of dog faces, frog coins, and whatever BONK counts as. But here’s the twist: while all eyes are on Pump.fun and its flashy launches, it’s BONK that’s making the quiet moves that might matter more.
Sure, Pump.fun had its wild run—token launches flying off the charts, devs printing memes like it was 2021 again. But underneath all that noise, BONK has been laying serious groundwork. The question now: while everyone’s chasing the next 10x, is BONK just… winning?
BONK Flippening? Yep, It Just Happened
Pump.fun’s launch in early 2024 flipped the game. It introduced bonding curves to Solana’s memecoin scene and cranked out over $368 million in revenue, peaking with $1.5 million a day on average. Total revenue? Crossed $700 million by the end of the year. Wild.
But lately? Things have cooled. The daily volume has slumped to around $150 million. Down from that $400 million average, which… yeah, kind of a big drop.
Meanwhile, BONK-linked platforms just quietly pulled off a first—they overtook Pump.fun in daily bonded SOL. 53.2% of all bonding activity now belongs to BONK. First time that’s ever happened.
So what’s going on here? Are traders finally moving their money out of fast pumps and into something more, well, sticky? Feels like Solana’s meme scene might be growing up—just a little.
SOL Lockups Hint at Longer-Term Faith
Want to see how serious things are getting? Look at BONK’s staked SOL.
According to DeFiLlama, BONK’s TVL hit $11.98 million on July 6. Just two months earlier? It was hovering around $8 million. That’s nearly a 50% jump. Not bad for a coin that used to just bark at Twitter followers.
Yeah, it still uses a bonding model—bond SOL, mint tokens, same as Pump.fun. But this time, the tokens aren’t flying in and out on hype. This is SOL being locked in, not traded out at the first green candle. It signals some real belief in BONK’s long-term game.
BONK’s Slow Grind Could Be the Real Flex
This isn’t some fluke. BONK overtaking Pump.fun in bonded SOL is a big shift. Pump.fun might’ve kicked the door down, sure—but BONK’s the one building the foundation behind it.
If BONK keeps attracting long-term capital like this, Q3 could be a whole new chapter for Solana’s meme economy. The game’s no longer about who launches loudest. It might just be about who holds longest.
