BonkFun Revamps Fee Structure to Revive Meme Coin Trading
BonkFun, a popular launchpad for meme coins on Solana, has announced a significant reduction in creator fees, aiming to restore the platform’s former glory. The move comes as the launchpad market becomes increasingly crowded, with various platforms competing for dominance. According to Solport Tom, COO of Bonk.fun, the decision to slash creator fees to 0% is a response to the community’s frustration with high fees, which have become a contentious issue across launchpads.
The introduction of BONK Classic marks a shift in the platform’s fee model, prioritizing liquidity depth and smoother price development. This change is designed to balance the interests of traders and the sustainability of the project. In contrast, the “BONKERS” launches will continue to offer reduced swap fees, with creator fees potentially increased for communities seeking long-term revenue streams. As Tom explained, “Creator fees have become a big issue across launchpads lately, with the community divided either for or against them.”
Launchpad Wars: A New Era of Competition
The launchpad market has become increasingly competitive, with platforms like Pump.fun and BonkFun vying for market share. Pump.fun has recently introduced tools allowing fees to be split across multiple wallets, aiming to correct incentives that have kept the risk of coin creation low while leaving traders unprotected. BonkFun’s decision to reset creator fees reflects the same tension between fair releases and developer rewards. As the market continues to evolve, it will be interesting to see how these changes impact the launchpad landscape.
Data from the last 24 hours shows that Pump.fun is currently leading the market, with nearly 30,000 new tokens, over $109 million in trading volume, and daily fees exceeding $1.27 million. In comparison, BonkFun has recorded fewer than 2,000 new tokens, about $8 million in volume, and just under $100,000 in fees. The market reaction to BonkFun’s fee reset has been cautiously positive, with the BONK token trading at around $0.000012, up over 8% in the last 24 hours, and trading volume increasing by almost 86% to over $300 million.
Platform Upgrades and Future Developments
BonkFun is preparing a series of platform upgrades aimed at tightening controls and improving incentives. Planned changes include rules-based creator fee distribution, merchant rewards, anti-multi-wallet measures, new launch mechanisms, and a “Know Your Deployer” rating system. These developments are designed to enhance the platform’s security and usability, providing a better experience for users. As the launchpad market continues to evolve, it is essential for platforms like BonkFun to adapt and innovate to remain competitive.
Source: Dune/adamhec
Source: Dune/adamhec
Source: CoinGecko
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