{"id":44843,"date":"2025-07-07T02:12:09","date_gmt":"2025-07-07T02:12:09","guid":{"rendered":"https:\/\/www.europesays.com\/us\/44843\/"},"modified":"2025-07-07T02:12:09","modified_gmt":"2025-07-07T02:12:09","slug":"bonk-flips-pump-fun-in-solana-bond-volume-heres-why-it-matters","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/44843\/","title":{"rendered":"BONK flips Pump.fun in Solana bond volume &#8211; Here\u2019s why it matters"},"content":{"rendered":"<ul>\n<li>BONK has overtaken Pump.fun in daily bonded Solana tokens.<\/li>\n<li style=\"font-weight: 400;\">Is this the beginning of a bigger shift in where capital flows on-chain?<\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/solana-news\/\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"internal\">Solana\u2019s [SOL]<\/a> memecoin ecosystem is gaining serious traction, accounting for 20% of the total $54 billion memecoin market cap, with $11 billion in combined value.\u00a0<\/p>\n<p>Sure, Pump.fun has taken the spotlight with its explosive launch cycles. But beneath the surface, the data points to a deeper structural shift. <\/p>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/bonk-coin-news\/\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"internal\">Bonk [BONK]<\/a>, often overlooked in the \u201chype\u201d, is quietly tightening its grip on the ecosystem.<\/p>\n<p>So, is BONK quietly becoming the backbone of Solana\u2019s meme economy, while everyone else chases quick pumps?<\/p>\n<p><b>BONK overtakes Pump.fun in daily bonded tokens<\/b><\/p>\n<p>Pump.fun, launched in January 2024, <a href=\"https:\/\/ambcrypto.com\/solanas-memecoin-powerhouse-pump-fun-eyes-1b-raise-at-4b-valuation\/\" data-wpel-link=\"internal\" rel=\"nofollow noopener\" target=\"_blank\">redefined<\/a> token creation on Solana. Within a year, it had raked in $368 million in revenue\u2014averaging $1.5 million daily\u2014and surpassed $700 million in total revenue by year-end.<\/p>\n<p>Over 11 million tokens were launched via bonding curves, which required SOL to be locked to mint tokens, pushing prices up as bonding increased.<\/p>\n<p>But as the chart below shows, Pump.fun\u2019s daily volume dropped significantly, now averaging around $150 million per day, down from a yearly average of $400 million.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/Daily-Volume-on-Pump.Fun_.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-508701\" class=\"wp-image-508701 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Pump.fun\" width=\"1116\" height=\"792\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/Daily-Volume-on-Pump.Fun_.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-508701\" class=\"wp-caption-text\">Source: Dune<\/p>\n<p>In contrast, BONK-linked platforms have now <a href=\"https:\/\/x.com\/aixbt_agent\/status\/1941694465363804589?t=-HeGKQxRy31EnWii1iyh2A&amp;s=19\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">overtaken<\/a> Pump.fun in daily bonded SOL, capturing 53.2% of bonded activity, marking a first in the platform\u2019s history.<\/p>\n<p>This divergence is telling: Are traders beginning to rotate liquidity into more structurally sticky protocols like BONK-linked platforms, signaling a maturation of Solana\u2019s memecoin economy?<\/p>\n<p><strong>SOL lockups signal a move beyond hype cycles<\/strong><\/p>\n<p>To gauge BONK\u2019s <a href=\"https:\/\/defillama.com\/protocol\/bonk-staked-sol\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">SOL-bonded activity<\/a>, the most reliable metric is the TVL of Bonk Staked SOL.<\/p>\n<p>On the 6th of July, DeFiLlama data pegged the same at $11.98 million, up from roughly $8 million in early May. That\u2019s a nearly 50% rise in just two months.<\/p>\n<p>Sure, functionally it is similar to Pump.fun\u2019s bonding curve model, where users bond SOL to mint tokens.\u00a0<\/p>\n<p>But unlike short-term hype cycles, this number actually shows real commitment, SOL that\u2019s being locked into BONK\u2019s ecosystem long term.\u00a0<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-06-150006.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-508722\" class=\"wp-image-508722 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"BONK TVL\" width=\"999\" height=\"536\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-06-150006.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-508722\" class=\"wp-caption-text\">Source: DeFiLlama<\/p>\n<p>So <a href=\"https:\/\/ambcrypto.com\/category\/bonk-coin-news\/\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"internal\">BONK<\/a> flipping Pump.fun in bonded token volume for the first time ever isn\u2019t some fluke. Instead, it points to a structural shift. <\/p>\n<p>Pump.fun might\u2019ve kickstarted the wave, but BONK\u2019s now pulling in the kind of capital that actually sticks. If this keeps up, BONK could end up leading Solana\u2019s memecoin scene in Q3.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/syrup-hits-2-58b-tvl-milestone-but-heres-whats-stopping-the-rally\/\" rel=\"prev nofollow noopener\" data-wpel-link=\"internal\" target=\"_blank\">SYRUP hits $2.58B TVL milestone \u2013 But here\u2019s what\u2019s stopping the rally<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"BONK has overtaken Pump.fun in daily bonded Solana tokens. Is this the beginning of a bigger shift in&hellip;\n","protected":false},"author":3,"featured_media":44844,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3244,64,67,132,68],"class_list":{"0":"post-44843","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114809532788606283","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/44843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=44843"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/44843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/44844"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=44843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=44843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=44843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}