The New King of Issuing Coins on Solana: The Rise of Collaborative Platforms

Recently, the popularity of issuing coins in the Solana ecosystem remains unabated, but user choices are quietly changing. A new platform called LetsBONK.fun is gradually replacing the former dominant position, becoming the focus of community attention. What exactly has happened behind this shift? Why have users' preferences changed so significantly? Let's explore.

The Decline of the Former Dominator

In the past year or so, a well-known issue coin platform was the hottest Meme coin issuance platform on Solana. Its simple and user-friendly operation process attracted a large number of creators and speculators. At its peak, the platform could launch tens of thousands of Meme projects daily, bringing considerable profits to the platform.

However, over time, some issues gradually came to light:

• The platform's cumulative revenue exceeds 700 million dollars, but user benefits are minimal. Data shows that the percentage of users who can earn more than 1,000 dollars is less than 5%.
• The platform has failed to provide strong support for the long-term development of the project and has not made substantial contributions to the community or ecosystem.
• Finally announced the issuance of the platform coin, with a valuation of up to $4 billion, which sparked controversy.

In short, the operation model of this platform seems to lean more towards its own interests rather than the well-being of users.

The Rise of Emerging Platforms

In April 2025, a new coin issuance platform led by the Meme coin BONK community quietly went live. The performance of this platform is impressive:

• On the first day of launch, it attracted 800,000 users to participate and issued 2,700 coins.
• Trading volume exceeded 300 million USD within 24 hours.
• As of now, over 180,000 coins have been issued through this platform, far exceeding similar platforms.

The biggest feature of this new platform lies in its revenue distribution model. It does not simply appropriate the income for itself, but instead gives back a large portion of the profits to the ecosystem.

For example, based on the on-chain distribution data as of July 7, 2025 (total revenue 68,768 SOL):

• 30% allocated to BONK stakers
• 30% used for repurchasing and burning BONK
• 20% allocated for funding ecosystem projects
• 10% allocated to community contributors
• Only 10% is reserved for platform operating funds.

Substantial Project Support

The new platform not only verbally supports project development but also takes practical action. Taking the $USELESS project as an example:

• The platform directly purchases $USELESS coins from the market to establish a financial reserve for the project.
• Use this funding to assist the project in applying for listing on a tier-one platform.
• According to statistics, the project has invested over $600,000.

Such strong support in the Meme coin field is rare.

User's Choice

The latest data clearly shows users' preferences:

By July 2025:

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

This transformation is not merely reliant on speculation, but is the result of the new generation of coin issuance platforms combining with communities, functionalities, and narratives.

Reasons Users Prefer New Platforms

The core concept conveyed by the new platform has attracted users:

• Users are regarded as co-builders rather than mere participants.
• Projects are nurtured rather than exploited
• Participation is no longer a pipe dream, but a practical action.

This is why so many users are flocking to this platform. They are not just here to issue a coin, but to look for an ecosystem that they can participate in long-term and develop deeply.