Rise of New Forces in Solana Coin Issuance: Victory of Collaborative Platforms

Recently, a new hot topic has emerged in the coin issuing circle on Solana. The once-popular coin issuing platforms are quietly retreating, and a new platform called LetsBONK.fun is rapidly rising. What exactly has happened behind this "platform shift"? Why has the choice of users changed? Let's take a closer look.

The Decline of Established Platforms

In the past year, the former boss has dominated on Solana, becoming the most popular Meme issue coin platform. It is easy to operate, allowing users to issue coins in just a few steps, attracting a large number of creators and speculators. At its peak, the platform could launch tens of thousands of Meme projects daily, generating substantial revenue.

However, as time goes by, problems gradually come to light:

• The platform has accumulated revenue of over 700 million USD, but user returns are minimal. Data shows that less than 5% of users can earn more than 1000 USD.
• The platform has not provided support for the long-term development of the project, nor has it made substantial contributions to the community or ecosystem.
• Ultimately, the platform also announced that it would issue its own coin, valued at up to 4 billion dollars.

In short, this platform is making a fortune, while users have become "support tools".

The Rise of Emerging Platforms

In April 2025, a new issue coin platform led by the Meme coin BONK community was launched. Its performance is remarkable:

• On the first day of launch, it attracted 800,000 participants and issued 2,700 coins.
• The trading volume exceeded 300 million USD within 24 hours.
• So far, more than 180,000 coins have been issued through this platform, far exceeding similar platforms.

The biggest feature of this new platform is that it is not designed to harvest users, but to return income to the ecosystem.

Real "Co-Building Platform"

Let's take the on-chain allocation data from July 7, 2025, as an example to see how this platform distributes a total income of 68,768 SOL:

• 38% used for BONK repurchase
• 25% allocated to BONK stakers
• 20% as platform reserve fund
• 10% for ecosystem development
• 7% allocated to the team

Mutual Benefit and Symbiosis between Platforms and Projects

The new platform not only encourages projects to launch but also provides substantial financial support. Take $USELESS as an example:

• The platform directly purchases $USELESS from the market to establish a funding pool for the project.
• Use this asset to assist the project in applying for listing on well-known exchanges.
• According to statistics, this initiative has invested over $600,000.

In the Meme space, this level of support is unprecedented.

User's Choice

The latest data shows that as of July 2025:

• The new platform's coin issuance reached 15,600, exceeding the old platform's 11,500.
• The new platform's market share is 51%, while the old platform has dropped to 39.9%.
• The new platform is fully ahead in terms of the number of popular projects, active users, and daily trading volume.

These achievements are not solely based on hype, but rather the result of a combination of community, functionality, and narrative, representing a model for a new generation of issue coin platforms.

Reasons Users Choose a New Platform

The new platform conveys a completely new concept:

• Users are not leeks, but co-builders.
• The project is not intended to cut leeks, but rather to cultivate.
• Participation is not about "dreaming", but about "doing"

This is why so many people are flocking to this platform. They are not just looking to issue a coin, but are also seeking a space where they can "participate long-term and develop deeply".