Believe that the ecosystem is gaining appeal quickly from the pump.
ICM surge promotes capital inflows believe
Solana sol Memecoin Launchpad Space is witnessing the earthquake shift as it believes that the ecosystem is a powerful challenger to Fumpun, a long-standing leader.
Verifiers for Solana’s Jito network have prompted a 57% surge to $3.63 million a day in mid-May 2025, signaling boosting on-chain activity. However, this surge has not benefited all platforms.
Pump (.) fun feeling the pressure.
They are adjusting the creator’s rewards – there’s a reason. Competitors are quickly gaining ground.yesterday:
🔸Started 37.8k tokens
🔸57% of pumpfun
🔸18% on Letsbonk
🔸Believe 13%Believe in a separate token:
– 670K+ TXN
– $7 million+ fee
– $3.5 million payment… pic.twitter.com/p4ibih5yg6– Dyslexboy (@dyslexboy) May 14, 2025
Compared to Pump.Fun’s 57% (21,700 tokens), Spelition’s market share in token launches reached 12.9% in mid-2025, with 4,900 tokens, while Letsbonk’s 18% (6,800 tokens).
Source: Cryptorank
The platform’s token market capitalization has increased from $1.5 million to more than a month, powered by high-profile tokens such as LaunchCoin. Selive’s bond curve design limits early token supply and prevents speculative sniping, attracting developers looking for a more equitable launch.
By utilizing social mechanisms, Internet Capital Market (ICM) Allowing users to convert tweets, posts or digital participation into tokens that can be traded, effectively creating a decentralized market for social capital. Its popularity in 2025 stems from the explosive growth of Memecoin Launchpads and the democratization of fundraising activities, with more than 200,000 Solana addressing work on ICM-related activities every day.
Believe that this is a key player in this field, leveraging the rise of ICM through its tweet to to-type model, incurring a $7.04 million weekly fee by enabling users to create tokens through social media interactions. This synergy with the ICM framework stance is considered a leading platform that has caused massive capital inflows while capturing growing interest in socially driven token economies.
Pump. FUN is under pressure, but remains resilient
Despite belief in pumps, pump.fun remains a major force in the Memecoin Launchpad field due to its user-friendly design and established user base.
pump.fun canceled the token creation fee in August 2024, shifting the cost to the first buyers, making it accessible and giving developers of successful tokens a reward of 0.5 SOL ($80). The model has driven its growth, although competitors like Clase and Letsbonk launched 37.8K tokens in a day in mid-May 2025 and let nearly 50% of token deployments occupy their peak graduation tokens.
Pump fun finally begins to see some market share in the Memecoin space
With Letsbonk, faith apps and launch lists emit a big splash
At last week’s peak, competitors accepted:
– Nearly 50% of the tokens deployed
– Nearly 60% of graduation tokens
– 33% of active daily… pic.twitter.com/weixjnap4h– Tylerd 🧙♂️ (@TYLER_DID_IT) May 19, 2025
Pump.Fun’s adaptability is evident in terms of adaptability, which can be rewarded in recent adjustments to creators in response to competitive pressures. But Selitive’s innovative approaches, including focusing on non-membrane projects and viral marketing, are eroding Pump.Fun’s market share.
Source: Blockworks Research
The success that believes is to provide unique products, not just replica pumps. FUN’s model, this strategy enables it to attract a lot of attention and transaction volume. Other platforms such as Boopfun and LaunchLabs are also competing for market share, exacerbating the competitive landscape in Solana’s LaunchPad ecosystem.
This competition is driving innovation across the field, with the platform experimenting with new features such as trading robots and gamblers to attract users. While it is believed that the rapid rise poses a threat, pump.fun’s established infrastructure and community loyalty ensures it remains a strong player. The ongoing battle highlights Solana’s vibrant ecosystem, where competition is driving growth and driving platform development.
