The on-chain Meme market has recovered. Pump.fun and Letsbonk have the highest fee income in the entire network in the past 24 hours.

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On July 16, according to defillama data, the Solana ecosystem token issuance platform Pump.fun generated fee income of $1.61 million in the past 24 hours, ranking 15th globally; Letsbonk generated fee income of $1.24 million in the past 24 hours, ranking 17th. The fee income of these two token issuance platforms exceeded well-known protocols such as EigenLayer (20th), Sky (21st), and Orca (24th).

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