Over the weekend, Bonk.fun pulled a fast one on the Solana memecoin scene, quietly leapfrogging the once-untouchable Pump.fun to become the dominant token launchpad in the market. With over 55% market share now in hand, Bonk.fun didn’t just beat the competition—it practically wrote them out of the script.

Recent numbers tell the story: $540 million in trading volume, 175,000 token launches, and a tidy $34 million in fees—all in a matter of weeks. For comparison, Pump.fun—once hailed as the king of clown coins—clocked in at $341 million in volume and is now sitting at a shrinking 34.9% market share. If this were a foot race, Bonk.fun didn’t just sprint past; it lapped the field while waving.

The secret sauce? A fee structure that’s less “revenue generation” and more “scorched-earth supply strategy.” Half of Bonk.fun’s fees go to buying and burning BONK tokens, with another 8% hoarded into reserves like a squirrel with an MBA. That’s over $500,000 of BONK getting torched daily—a monetary bonfire cheered on by DeFi pyromaniacs everywhere.

As if the numbers weren’t surreal enough, Bonk.fun’s breakout token is called USELESS—a coin so self-deprecating it makes existential dread look like a brand strategy. Despite (or perhaps because of) its name, USELESS has amassed over $250 million in market cap in just a few weeks, proving once again that irony is a viable investment thesis in crypto.

And while Bonk.fun keeps gobbling up market share and incinerating its own token supply like it’s going out of style, other Solana launchpads—like Believe (3.8%), Jup Studio (2.1%), and Moonshot (1.7%)—are busy… well, existing.

If Bonk.fun’s pace holds, BONK purchases could reach the hundreds of millions annually—because nothing says “economic model” quite like spending millions to destroy your own product in the name of value.

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