Pump.fun Responsible
for 70%
of Token Launches
on Solana
Network
Pump.fun Responsible for 70% of Token Launches on Solana Network
The meme coin• Отдых, развлечения » Хобби » Коллекционирование » Нумизматика » Монета launchpad is responsible for more than 70% of token launches on
Solana over the weekend.
By Ryan S. Gladwin
Jan 6, 2025 Jan 6, 2025
3 min read
Image: Pump.fun
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Token launchpad Pump.fun has been responsible for approximately 70% of all
transactions on the Solana network over the past two days. Its Saturday
dominance is the highest since the platform disabled its controversial
streaming feature in November.
Over the past week, Solana (SOL• Отдых, развлечения » Хобби » Коллекционирование » Нумизматика » Монета » Соль (монета)) has climbed 12%. The upward trajectory has,
in part, been motivated by its meme coin• Отдых, развлечения » Хобби » Коллекционирование » Нумизматика » Монета trenches. Pump.fun is the go-to spot
for most meme coin• Отдых, развлечения » Хобби » Коллекционирование » Нумизматика » Монета creating, buying, and selling with over 5.5 million tokens
being created on the platform in its year lifetime.
On Saturday, Pump.fun accounted for 71.1% of all tokens created on the Solana
network and 69.5% on Sunday, according to Dune data . A major reason for the
protocol’s dominance over other methods is because it lowered the barrier for
entry, simply allowing users to create a token in minutes even if they lack
technical or financial abilities.
That said, other projects have tried to replicate its success. For example,
Moonshot , which was created by popular crypto site DEX Screener, launched in
June. But it failed to make a major impact. Moonshot only launched more than
1,000 tokens per day twice in December , by comparison Pump.fun launched over
45,000 in the past 24 hours alone.
With this, Pump.fun has accounted for 56.2% of all transactions on Solana
decentralized exchanges so far this month—despite only 1.21% of its created
tokens hitting the threshold that gets them listed on decentralized exchanges.
Out of 5 million tokens created on Pumpfun...
427 remain above $1M market cap.
That's 1 in 11,719.
(or 0.0085%) https://t.co/jwyhzGYUGH
— Adam (@Adam_Tehc) December 27, 2024
But this dominance isn’t anything new for Pump.fun. The platform first
recorded over 70% dominance of SPL tokens launching on Solana, according to
Dune data, back in November when the Pump.fun’s livestreaming feature boomed .
During the livestream meta, degens opened their cameras to perform wild stunts
like shooting a gun out of their window, beheading a chicken, or faking their
own suicide for money. While this helped push Pump.fun Solana dominance to an
all-time high of 75.5%, it ultimately went too far and resulted in the
livestreaming function being removed.
The platform’s dominance then retracted to 53% by December 17, spending most
of the month in the 60s—momentarily hitting 71% on December 27.
With its roots in degeneracy, Pump.fun has lately become the breeding ground
for the latest evolution in artificial intelligence . With AI agents creating
tokens on the platform as a way to brand itself, raise money, and reach a
wider audience.
As such, the launchpad’s success hasn’t waned after livestreaming was dropped.
According to DefiLlama , it has now brought in over $79.94 million in monthly
revenue, more than layer-1 networks Tron (TRX) and Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin).
Edited by Stacy Elliott .
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