On-chain Weekly Digest: LetsBonk launchpad flips PumpFun market share
CEXs and TradFi Race Into Onchain Stocks, Jupiter intros new launchpad Jupiter Studio...
On-Chain Overview
With the rise of certain meme coins and Launchpad projects, the crypto market is displaying theme-driven momentum; in parallel, institutional narratives such as RWA and Ethereum upgrades are gaining traction, as social data indicates a rotation of sentiment and capital toward these themes.
The crypto market cap rose slightly to $3.35T (+0.29%), while total DEX volume dipped to $87.32B (-0.66%); BSC led with $45.89B in DEX volume (+13.62%) and PancakeSwap generated $19.31M in revenue (+16.75%).
（Data accurate as of: July 7, 2025, 5:00 am, UTC）
Altcoin, Meme Coin & NFT
Altcoin market cap rose to $845.18B (+0.57%), driven by momentum in meme coins, which saw a 3.17% increase in market cap and a 9.26% rise in weekly trading volume.
（Data accurate as of: July 7, 2025, 5:00 am, UTC）
Macro, Stocks & Commodities
Gold, equities (S&P 500 +1.72%, Nasdaq 100 +1.47%), and oil (+1.47%) posted solid weekly gains, signaling continued investor risk appetite and inflation hedging.
（Data accurate as of: July 7, 2025, 5:00 am, UTC）
Key Events of the Week
Meme | Jupiter intros new launchpad Jupiter Studio (3 July)
Studio is a launch platform for culture creators, offering fast deployment, growth tools, creator rewards, and flexible token and liquidity settings.
Launchpad | LetsBonk launchpad flips PumpFun market share (6 July)
BONK surged as the top gainer today (+25%) and this week (+55%) after LetsBonk overtook Pump Fun in launchpad market share.
Trump Themed | WLFI to make token tradable (4 July)
Trump-linked crypto project WLFI has proposed making its token tradable, unlocking early supporters’ tokens while keeping team and advisor allocations locked, with voting now underway.
Crypto Stocks | CEXs and TradFi Race Into Onchain Stocks (6 July)
Kraken and Bybit launched xStocks on Solana with 12.7K wallets and $20M+ volume, while Robinhood unveiled stock tokens and an RWA L2 on Arbitrum, Centrifuge tokenized the S&P 500, and Ondo acquired a licensed broker-dealer.
ETF | The SEC has approved the conversion of Grayscale's Digital Large Cap Fund into an ETF (2 July)
Garyscale’s digital large cap ETF includes BTC, ETH, SOL, XRP and ADA.
Looking Ahead
Meme | 17.93% of $TRUMP circ. supply (~$435.5m) will be unlocked (12 July)
Additionally, 0.52% of circ. supply (~$12.52m) will begin to unlock linearly per week.
Wrapping Up
From a market data perspective:
The crypto market showed slight overall growth with $3.35T in total market cap and altcoin gains driven by meme coin momentum, while BSC led DEX activity with strong volume and PancakeSwap revenue growth.
From a market events perspective:
Narrative-driven surges shaped the week, as meme coins and new launchpads like LetsBonk and Jupiter Studio gained traction, Grayscale’s ETF conversion was approved, and CEXs/TradFi accelerated onchain stock initiatives.
