gate Research Institute: Data insights behind the high-speed rise of Meme Token launch platform Pump.fun

The latest report from the gate Research Institute, "Data Insights Behind the Rapid Growth of Meme Coin Launchpad Pump.fun" on Solana, analyzes the explosive growth of Meme coins in 2024, revealing how Pump.fun has taken a leading position in the Solana ecosystem with its unique mechanism. The report combines market data to analyze the development trends, user behavior, and the lifecycle of Meme coins on Pump.fun, while also discussing the competitive landscape and future industry trends.

Summary of key points:

• Explosive growth of Meme tokens: In 2024, the Meme token market saw rapid development, with a total market value soaring from 222.80 billion USD to 966.70 billion USD, a growth of 433%. The Solana ecosystem performed exceptionally well in this wave, with the average weekly addition of tradable tokens on DEX increasing by 983%, with over 50% contributed by Pump.fun, establishing its market dominance.
• The growth trend and market impact of Pump.fun: As of February 5, 2025, Pump.fun has accumulated trading fees exceeding 2.76 million SOL, issued 7.5 million tokens, and successfully listed more than 98,000 tokens on Raydium. In January 2025, it contributed 54% of the total trading volume of Solana chain's DEX, exerting a profound impact on the vitality of the Solana ecosystem.
• The wealth effect attracts speculators: Tokens on the Pump.fun platform have repeatedly achieved amazing gains, for example, Fartcoin surged by a maximum of 105,118 times, WOULD and arc increased by 51,781 times and 36,391 times respectively, attracting a large amount of speculative funds. However, data shows that 99.69% of Meme tokens eventually fall back to their issuance price, reflecting their high-risk, high-volatility nature.
• Meme Token Lifecycle: Successfully issuing tokens on Pump.fun is only the first step. Only 1.35% of tokens can successfully list on Raydium, showing extremely fierce market competition. At the same time, although Meme tokens may bring huge returns in the short term, due to rapidly changing market sentiment, most tokens eventually return to zero, so investors need to be cautious.
• Competitive landscape and industry ecology: Inspired by Pump.fun's success, platforms such as SunPump and Moonshot have also entered the meme token track. SunPump relied on the support of the Tron ecosystem and Justin Sun to achieve early growth, while Moonshot, as a project of DEXScreener, entered the market with the advantage of traffic, but still faced Pump.fun's strong first-mover advantage in the Solana ecosystem.
• Future Trends Outlook: The competition in the Meme token market will continue to intensify, with various platforms constantly innovating in token issuance mechanisms, user experience, and market promotion. At the same time, the popularization of automated trading tools and on-chain data analysis tools will improve trading efficiency and market transparency, providing support for the further development of the Meme ecosystem.
  

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Gate.io February 28, 2025