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Pumpfun loses its market leader status as the market shifts towards stocks "related" memecoins

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by COINS NEWS 27 Views

Pumpfun loses its market leader status as the market shifts towards stocks "related" memecoins

The memecoin space is not for everyone, but if you're just watching from afar here are some interesting developments within the space in the past month.

For starters, the ever dominant memecoin launchpad Pumpfun has seemingly been dethroned in terms of daily protocol revenue by two rather new entrants, Ponsfamily and Stonkfun.

Ponsfamily is a 2-month old launchpad based in the now popular Ethereum Layer 2, Robinhood Chain.

Stonkfun on the other hand, launched just a month ago and directly competes with Pumpfun in its home ground on Solana.

On-chain traders are now watching the L2 Base as Hunter Biden gets ready to launch his LAPTOP memecoin. A similar competitor, The Stonks Exchange, appears to be positioning similarly to Stonkfun, but success is yet to be seen.

Source: https://www.coingecko.com/learn/memecoin-launchpad-wars-pumpfun-stonkfun-ponsfamily

submitted by /u/khai0001
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