Bonk, unlike many other meme tokens, has a wide range of uses. Aiming to revitalize the Solana blockchain, BONK is used in DeFi applications as well as gaming and NFT projects.
The project also has its own DeFi initiatives. For example, Bonkswap is a decentralized cryptocurrency exchange. Bonkomatic is a platform where you can earn BONK by staking SOL coin.