According to PANews on May 15, Lookonchain cited Dune data and said that Pump.fun's dominance is being challenged by new platforms such as Letsbonk.fun, Believe and LaunchLab. Among the daily "graduation" tokens in the market, Pump.fun has dropped from 98% to 57.5%. Letsbonk.fun accounts for 17.9%, Believe accounts for 12.9%, and LaunchLab accounts for 5%.

The most popular Meme coins recently (LAUNCHCOIN, GOONC, DUPE, Hosico, etc.) are all released on Letsbonk.fun or Believe.