The Solana memecoin launchpad platforms, Pump.fun and LetsBonk, are competing fiercely, with notable shifts in market share. Pump.fun led with 80% market share for “graduated tokens” in 2025, but LetsBonk surged to nearly 70% in July. Both platforms differ in approach and fees. Despite intense competition, the active launchpad environment benefits Solana's blockchain network.