BonkFun is experiencing significant growth, with daily revenue hitting an ATH of $1.84 million on July 18th and again on July 21st, surpassing Jupiter, Ethereum, and Phantom. This strong performance is highly bullish for BONK as 58% of BonkFun fees are used to buy back and burn BONK tokens, leading to over $11 million in buybacks in the last half-month. Investors should monitor BONK as its market cap is projected to reach $10 billion+, driven by increasing BonkFun market share (81.72% on July 18th) and potential for higher fees when on-chain activity increases.