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Launchpad · platform

Graphite Protocol Solana

Data as of 2026-11-13 (UTC)
Fees (day)
$14.3K
▼ 25.0% DoD
Fees (7d)
$324.9K
▲ 26.1% vs prior 7d
Fees (30d)
$1.07M
▼ 66.5% vs prior 30d
Fee share
1.66%
7d · #9; 30d 1.09% · #10
Cumulative fees
$12.56M
first seen baseline

Daily fees

Product & fundamentals

Infrastructure / protocolBuyback & burn

The team building the contracts and tech behind bonk.fun (letsbonk.fun) and LiveBONK, not a standalone front end; DefiLlama counts its share of the Letsbonk joint-venture fees (40% since 2025-06-10), part of which buys back and burns GP.

Source: DefiLlama description and fee methodology (2026-11-11)

Chains
Solana
Token
GP · mcap $10.01M
Listed on DefiLlama
—
Parent
—
Audits
0 on DefiLlama
Team
See “AI research summary · Team & backing” below
Raises
none recorded on DefiLlama
Security incidents
none recorded on DefiLlama

AI research summary

Compiled by Grok (web) from the site, DefiLlama, X and web search, with links for every claim; anything not found is marked. 2026-11-14; not verified by us, not a recommendation.

Selling points
  • Holds ~38% of LetsBONK.fun
  • 7.6% of revenue for GP buyback and burn
  • Supports Bonk.live and other products
  • Has GP token and staking
  • Technology infrastructure provider
How it differs
Not a pure launchpad itself but provides tech and partial ownership for LetsBONK.fun etc., with revenue flowing back to GP. Differs from pump.fun-style as infrastructure layer rather than direct UI. Per official site.
Fee split
Receives ~40% (later adjusted) or similar share from LetsBONK.fun JV revenue, of which 7.6% for GP buyback and burn, rest for ops, development etc. Specifics adjusted over time. Per official site, DefiLlama adapter and X posts.
Token
Has platform token GP. Part of revenue (~7.6%) used for buyback and burn. Per official site and X.
Team & backing
Developed and operated by Taiyo Robotics. Early angel round ~$1.4M led by SOLBigBrain. Per X posts and project pages.
Risks & open questions
  • Highly dependent on single product LetsBONK.fun
  • Buyback execution has had delays
  • Average team and entity transparency
  • History involves NFTs and other products
Not in the sources
  • Full current equity structure
  • Details of other products (e.g. Parallel.bot)
  • Exact long-term revenue allocation
Sources

How fees are charged and split DefiLlama methodology (original): the clearest view of the mechanics

Fees
Graphite Protocol's portion of joint venture fees with Letsbonk. Before 10th jun 2025: 57.68% of total fees. After 10th jun 2025: 40% of total fees.
Revenue
All of Graphite Protocol's portion of the joint venture fees with Letsbonk.fun.
To holders (buyback / dividends)
GP that Graphite bought back on Jupiter and burned, valued at the GP price when burned. Buybacks are counted on the day of the burn, which can be weeks after the purchase.
Kept by protocol / team
Graphite Protocol's portion of the joint venture fees with Letsbonk.fun minus the GP bought back and burned. Negative on burn days, as one burn covers weeks of buybacks.

Milestones DefiLlama

Sources: DefiLlama · Graphite Protocol · DefiLlama adapter code · official site. Fees, revenue, methodology, raises and incidents are DefiLlama data synced daily; the description’s source is noted above. Profile updated 2026-11-14. Describes what it is; not a recommendation.