Bonk to the Future: The Rise of Solana Memecoins

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It is a truth universally acknowledged, that a single memecoin in possession of a good fortune, must be in want of a launchpad. And so, dear reader, we find ourselves in the midst of a most thrilling tale, as LetsBonk, a plucky young upstart, has usurped the throne of Pump.fun, the erstwhile king of Solana memecoin launchpads. 🤯

According to the esteemed DefiLlama, LetsBonk has generated a whopping $1.04 million in revenue, doubling Pump.fun’s paltry $533,412. It’s a veritable coup, and one that has left the memecoin community in a state of utter bewilderment. 😱

But fear not, dear Pump.fun enthusiasts, for your beloved platform still reigns supreme in the monthly charts, with a staggering $37 million in protocol revenue. 💸

Meanwhile, the BONK memecoin has experienced a veritable renaissance, with a 52% increase in value since LetsBonk’s launch. It’s a token with a market cap of nearly $1.8 billion, and a following of over 430,000 devoted fans on X. 🚀

A Convergence of DeFi and TradFi?

In a shocking turn of events, Nelli Zaltsman, head of blockchain payments innovation at JPMorgan’s Kinexys, has predicted that the divide between DeFi and TradFi may soon disappear. 🤝

Speaking at the RWA Summit Cannes 2025, Zaltsman revealed that JPMorgan is working to merge onchain assets with institutional-grade payments infrastructure. It’s a move that could signal a tipping point for mass blockchain adoption. 🚀

Projective Finance: A Beacon of Sustainability

In a heartwarming tale of innovation and progress, Projective Finance has launched a $7-million lending pool for public schools in Illinois. 🌟

This RWA financing platform is focused on sustainability, and gives DeFi investors access to municipal infrastructure in the United States. The lending pool will fund solar energy installations across Illinois, and is executed entirely onchain. 🌞

OpenSea: The Onchain Everything App

In a bold move, OpenSea has acquired Rally, a mobile and token-focused company. 📱

The acquisition signals OpenSea’s intention to expand beyond NFTs and develop a mobile-focused platform for crypto trading. The future of NFT and token trading, it seems, “fits in your pocket.” 📈

Researchers Foil $10 Million DeFi Backdoor

In a thrilling tale of crypto security, researchers have discovered and rescued thousands of smart contracts affected by a DeFi backdoor. 🚨

The backdoor exploit had been quietly threatening the industry for months, and could have resulted in losses of over $10 million in crypto. 😱

DeFi Market Overview

According to data from CryptoMoon Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green. 🌟

MemeCore (M) was the largest gainer, increasing by 1,058%, followed by Hyperlane (HYPER), which recorded over 400% in gains. 🚀

And so, dear reader, we bid you adieu, until next Friday, when we shall regale you with more tales of DeFi derring-do. 👋

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2025-07-11 21:06