
Bonk
BONK is a dog-themed social layer and community meme coin on Solana that has integrated across a wide base of applications and protocols within the web3 ecosystem.
Background
BONK was created by Dexlab, a decentralized exchange (DEX), minting lab, and launchpad. The initial funding and support for BONK came from the web3 payments API, Helio, and the Famous Fox Federation, which contributed significantly to the airdrop and other initiatives.
Launch
BONK launched on December 25, 2022 and trading began on December 30, 2022. 50% of the total supply of the cryptocurrency was airdropped to the Solana community.
How does it work?
BONK emphasizes decentralization and community ownership, focusing on NFT and DeFi communities within Solana. BONK has integrations across multiple blockchain chains, enhancing its utility in DeFi and gaming sectors, and is increasingly adopted as an in-game currency. The ongoing expansion and diversification of the ecosystem are structured around enhancing its multi-chain accessibility, simplifying DeFi experiences for holders, and growing its presence in blockchain gaming.