Gate Research Institute: Meme Token launch platform Pump.fun's high-speed rise behind the data insight

The latest report released by the gate Research Institute, "Data Insights Behind the Rapid Growth of Meme Coin Launchpad Pump.fun", provides in-depth analysis of the explosive growth of Meme coins in 2024 and reveals how Pump.fun has dominated 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, 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 US dollars to 966.70 billion US dollars, a growth of 433%. The Solana ecosystem performed exceptionally well in this wave, with the average number of tradable tokens added by DEX increasing by 983% per week, with over 50% contributed by Pump.fun, solidifying its market leadership position.
• Pump.fun Growth Momentum and Market Impact: As of February 5, 2025, Pump.fun has accumulated more than 2.76 million SOL in transaction fees, issued 7.5 million tokens, and successfully listed more than 98,000 tokens on Raydium. In January 2025, it contributed 54% of the total number of transactions on the Solana chain DEX, which has a profound impact on the activity of the Solana ecosystem.
• The Wealth Effect Attracts Speculators: Tokens on the Pump.fun platform have repeatedly seen staggering gains, such as Fartcoin, which has risen as much as 105,118x, WOULD and arc, which have risen by 51,781x and 36,391x, respectively, attracting a large influx of speculative funds. However, the data shows that 99.69% of meme tokens eventually fall back to the issue 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 intense market competition. At the same time, although Meme tokens may bring huge returns in the short term, due to rapidly changing market sentiments, most tokens eventually go to zero, so investors need to be cautious.
• Competition and Industry Ecology: Inspired by the success of Pump.fun, platforms such as SunPump and Moonshot have also entered the meme token race. SunPump relies on the Tron ecosystem and the support of Justin Sun for early growth, while Moonshot, as a project under DEXScreener, enters the market with traffic advantages, but still faces the strong first-mover advantage of Pump.fun in the Solana ecosystem.
• Future trend outlook: The competition in the Meme token market will continue to intensify, and various platforms will continue to innovate 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