Back in August, Bonk.fun overtook Pump.fun to become Solana’s leading memecoin launchpad. Ever since then, Bonk has been in the spotlight with their launchpad which produces many gems on Solana. In addition, under the hood, Bonk.fun integrates with Raydium's launchlab, which has been Solana's leading DEX for many years. Let's take a deeper dive into the Bonk.fun launchpad and go over how to launch your very own memecoin on the platform.
Also referred to as LetsBonk.fun, the Solana memecoin launchpad Bonk.fun and PumpFun are always going head to head, battling for the spotlight. However , BonkFun has now grabbed around 55.2% market share of token issuance on Solana chain, while Pump.fun’s share fell to around ~34.9%.
Since flipping the lead, Bonk.fun has processed ~175,000 token launches, with $540+ million in trading volume and ~$34 million in fees generated. This milestone made it not just a token launchpad but one of the most actively used decentralized platforms in the Solana ecosystem, showing how fast the memecoin culture continues to evolve.
Part of Bonk.fun’s appeal lies in its fee allocation model: 50% of fees go to buying & burning BONK, 8% to reserves, and the rest to the platform. Of course, this mechanism helps to fuel the buy pressure on the BONK token. The buy-and-burn structure is also a powerful deflationary mechanism that reduces BONK’s circulating supply. This, it does while rewarding community engagement through its token appreciation. The reserves portion also ensures long-term sustainability for future ecosystem development and other incentives for users and investors.
Because of this structure, BonkFun’s rise is tied not just to transaction volume but also to tokenomics incentives. Its success is partly built around the reinforcing value for BONK holders. The more creators launch new tokens on the platform, the more BONK is burned. This undoubtedly puts the platform activity directly to the strength of the BONK ecosystem.
However, despite the strong numbers, investor sentiment and interest in memecoin launches appear to be dropping. This could reduce volume in the coming months with the recent shift to BNB-related memes. This trend reflects how liquidity and attention often rotate across chains depending on hype cycles, trading fees, and emerging opportunities for faster returns.
Token Launch On BonkFun
In this article, we will be showing you how fast and easy it is to launch a memecoin on bonk.fun.
Below is a step-by-step guide on how to launch your own token on Bonkfun:
1. Visit the website https://bonk.fun/ the interface will look as shown below:
2. Click the horizontal lines tabs at the top right corner to connect your wallet: Note that only Solana supported wallets such as Solflare, Phantom etc are allowed.
3. When you're done with the wallet connection, Click on Create Coin on the same page.
4. Next step is to simply select the token details such as name, image, ticker, description and socials if available.
- Then, you should select the token category if it’s a utility project or a memecoin
- Select the launch currency as Solana or USD1 stablecoin
- Select the token supply; you can decide to hold a percentage of the token supply at launch.
- Finally click on Create Token and sign the transaction.
Lastly, once the transaction is confirmed, your token will automatically appear under the “Newly Created” section on BonkFun. This will now be visible to traders across the Solana network.
You can then choose to promote it, provide liquidity, or even build a community around it. If you're in it for the long game, this will increase visibility and trading volume.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.