The Battle of Coin Issuing Platforms on Solana: New Talents Rising, Established Brands Retreating

Recently, the landscape of issue coin platforms within the Solana ecosystem is quietly changing. The once highly sought-after issue coin tools are gradually losing their luster, while a new platform called LetsBONK.fun is rising. Behind this "platform shift" reflects a change in user demand and the evolution of the market landscape.

The Decline of the Former Ruler

In the past year, a well-known issue coin platform has dominated the Solana ecosystem. Its user-friendly operations have attracted a large number of creators and speculators. At its peak, the platform could add tens of thousands of Meme projects daily, bringing substantial profits to the platform.

However, over time, the problems of the platform gradually became apparent:

1. Uneven distribution of income: The platform's cumulative revenue exceeds 700 million dollars, but user benefits are limited. Data shows that less than 5% of users can profit more than 1000 dollars.

2. Lack of ecological construction: the platform has failed to effectively support project development and has not made substantial contributions to the community and ecosystem.

3. Valuation dispute: The platform announced an issue coin with a high valuation of 4 billion dollars, raising questions.

In short, this platform ignores user interests and ecological development while quickly making profits, leading to a gradual loss of users.

The Rise of the Rookie

In April 2025, a new issue coin platform led by the Meme coin community was launched, quickly attracting a large number of user attention. The platform's impressive performance includes:

• Attract 800,000 users on the first day, issuing 2,700 coins.
• Trading volume exceeds 300 million US dollars within 24 hours
• As of now, over 180,000 tokens have been issued through the platform.

The biggest feature of the new platform is the adoption of the "co-building" model, which returns most of the income to the ecosystem. Taking the data from July 7, 2025, as an example, the total income of 68,768 SOL for that day is distributed as follows:

• 50% for repurchasing ecosystem tokens
• 20% allocated to the community DAO
• 15% for ecosystem development
• 10% allocated to the team
• 5% for operations and marketing

Deep Support for Project Development

The new platform not only provides issue coin services but also actively supports high-quality projects. Taking a certain project as an example:

• The platform directly purchases project tokens from the market to establish a funding pool.
• Use the fund pool to help projects apply for listing on mainstream exchanges.
• According to statistics, this initiative has invested over 600,000 US dollars.

Such deep support is rare in the Meme coin space, reflecting the platform's emphasis on the long-term development of the ecosystem.

The Shift in Market Landscape

The latest data shows that the new platform has surpassed the old platform in multiple dimensions:

• Token issuance: new platform 15,600 vs old platform 11,500
• Market Share: New Platform 51% vs Old Platform 39.9%
• The number of popular projects, active users, and daily trading volume are all significantly ahead.

These achievements are not obtained through short-term speculation, but rather stem from the deep integration of the platform with the community, functionality, and narrative.

Behind User Choices

The reason why the new platform can rise rapidly is mainly due to the fact that it conveys a completely new concept:

1. Users are co-builders of the ecosystem, not just mere speculators.
2. The project should receive long-term cultivation, rather than short-term speculation.
3. Participating in the platform is to create value, not just simple speculative behavior.

This concept has attracted a large number of users, who are not only looking to issue coins but also seeking a platform that allows for long-term participation and deep development.

The success of the new platform marks the arrival of a new era for the coin issuance platform in the Solana ecosystem. Both users and project parties are looking for a more fair, transparent, and favorable environment for long-term development. This "platform shift" is not just a change in market share, but a transformation of the entire ecosystem's values.