温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/hi/52745.html
点击访问原文链接

New developments in the Solana trenches: Pumpfun ICO, trading software melee, and Launchpad competition | Bee Network

进入原网站 导航首页
New developments in the Solana trenches: Pumpfun ICO, trading software melee, and Launchpad competition | Bee Network Login ट्रेंडिंग न्यूज़ मीम लॉन्चपैड एआई एजेंट डेस्सी टॉपचेनएक्सप्लोरर न्यूबी के लिए 100x सिक्के मधुमक्खी खेल आवश्यक वेबसाइटें एपीपी अवश्य होना चाहिए क्रिप्टो हस्तियाँ डेपिन नौसिखिया आवश्यक ट्रैप डिटेक्टर बुनियादी उपकरण उन्नत वेबसाइटें एक्सचेंजों एनएफटी उपकरण नमस्ते, साइन आउट वेब3 यूनिवर्स खेल डीऐप मधुमुखी का छत्ता बढ़ता हुआ मंच विज्ञापन खोज अंग्रेज़ी रिचार्ज सिक्के लॉग इन करें डाउनलोड करना वेब3 यूनी खेल डीऐप मधुमुखी का छत्ता विज्ञापन घर•विश्लेषण•सोलाना बाजार में नए घटनाक्रम: पम्पफन आईओसी, ट्रेडिंग सॉफ्टवेयर की होड़ और लॉन्चपैड प्रतियोगिता सोलाना बाजार में नए घटनाक्रम: पम्पफन आईओसी, ट्रेडिंग सॉफ्टवेयर की होड़ और लॉन्चपैड प्रतियोगिताविश्लेषण8महीना पहलेहाँव्याट 29,083 9 मूल लेखक: Nico

मूल अनुवाद: टेकफ्लो

In early April of this year, I conducted a quantitative analysis of the current state of the “ Solana Meme Coin Market ” (commonly known as “the trenches”).

Now let’s look back and see what changes have taken place during this period!

परिचय Since our last analysis, there have been some new developments in the market:

There are rumors about the Pumpfun टोकन ICO, and the private sale is ongoing;

Axiom achieves market dominance and launches new platforms;

Competition among major Launchpad platforms has intensified, and there has been a trend of diversification and expansion.

In the past, many trading infrastructures were often referred to as bots, but I think it is more accurate to call them terminals now. With the advancement of technology, many traditional robots have been eliminated, and only robots for mobile terminals, social scenarios and niche needs are still active.

Pumpfun Token ICO: बाज़ार केंद्र What we know so far:

It plans to raise $1 billion, with a fully diluted valuation (FDV) of $4 billion, which will be fully released at launch;

The ICO will be conducted through top centralized exchanges (CEXs) and the Pump.fun platform;

Participation in ICO requires KYC (identity verification);

Early investors in the private placement phase still need to comply with the lock-up period rules;

There will likely be an airdrop event, and the airdrop size is expected to be around 10%.

Impact on the Trenches: The release of Pump Token is likely to become a very hot market event;

As one of the few popular tokens on Solana with long-term investment value, Pump Token is expected to form a healthy growth flywheel with its revenue model;

In the short term, it may drain liquidity from the Solana ecosystem and the “trench” market, but in the long run, if the incentive mechanism is appropriate, it will have a positive impact on the development of the ecosystem;

एयरड्रॉप activities may bring about a wealth effect, attracting participation from old users, existing users, and new users.

I expect Pump Token’s FDV to fall in the $10-20 billion range, not far from HYPE but higher than ENA, and possibly among the top 10-20 tokens.

Battle of trading terminals Over the past two months, the activity of all trading terminal platforms has experienced a gradual downward trend.

Currently, Axiom has broken through 60% market share and is firmly in first place, Photon is in second place, and GMGN, Trojan and BullX are competing for the remaining market share. Bloom and Bonkbot have maintained a certain market relevance, while emerging competitors such as Padre and Nova are also beginning to attract more attention.

Trading Terminal Market Share (Snapshot as of June 25, 2025)

Axiom: Market share 61% / Cumulative transaction fees $137 million / Daily active users (DAU) approximately 33,000-45,000

Photon: Market share 9.9% / Cumulative transaction fees $410 million / DAU about 20,000-30,000

BullX: Market share 5.8% / Cumulative transaction fees $197 million / DAU about 10,000-20,000

GMGN: Market share 6.8% / Cumulative transaction fees $78 million / DAU about 10,000

Trojan: Market share 4.8% / Cumulative fees $187 million / DAU over 20,000

With trading robots and terminals generating a cumulative revenue of around $1 billion, this space has attracted a lot of competitors. I have spoken to many people who are interested in developing their own terminals and competing, but the general consensus is that it is an uphill battle as market volumes are gradually decreasing. However, this situation may change after the release of Pumpfun Token.

It is important to note that the most popular and profitable platforms today do not necessarily have the best user interface, feature set, speed or data accuracy. However, they have won the market by virtue of their superior distribution capabilities, which is the key.

I plan to write a dedicated article that will delve deeper into the battle between technology and distribution capabilities and how that influences the choices of specific user groups, so stay tuned.

Battle of Launchpad During April and May, we saw the rise of the following Launchpad platforms:

@believeapp और @launchcoin

@bonk_fun

@RaydiumProtocol ’s Launch Lab

While these competing launchpad platforms attracted a lot of attention in the early days, their market share is gradually declining. However, the success of tokens like $USELESS on the letsbonk.fun platform has attracted more attention, positioning it as a launchpad with less competition but more support from the Bonk ecosystem.

Orange(Bonk), Green(Believe), Purple(Raydium Launchlab)

In June, only the bonded coins of Pumpfun and LetsBonk platforms showed significant activity. From the data, green represents Pumpfun and orange represents LetsBonk, and green occupies most of the market, followed by orange. The number of bonded coins on the Pumpfun platform is about 200, while that on the LetsBonk platform is between 10-30. However, the growth rate of both platforms is on a downward trend.

LetsBonk On the LetsBonk.fun platform, the total market capitalization (mcap) of all its tokens is less than $200 million, mainly concentrated in the following tokens:

$USELESS: Market cap of $140 million

$HOSICO: Market cap reaches $22 million

$CryBB: Market cap of $11 million

Among them, $USELESS stands out, and is enthusiastically supported and promoted by Bonk community members such as @theunipcs.

Believe The emergence of the Believe platform can be said to be unexpected but logical. It focuses on the Internet Capital Markets and aims to raise funds and increase visibility for start-up projects with practical uses by issuing tokens, and is no longer limited to simple मेम सिक्काएस।

Launch Coin is its official token, which performs the best and focuses on launching token launch plans through Twitter. Although this concept is not new, the Believe platform attempts to change the market rules through innovation.

The platform has introduced restrictions on sniping new tokens, such as imposing taxes on transactions by the first buyers, to punish snipers who extract excessive liquidity, while encouraging creators to buy and hold their own tokens for the long term, theoretically driving token prices up further.

This series of measures brought a short but interesting market boom. However, Launch Coin is still the main beneficiary of the Believe ecosystem, absorbing most of the liquidity, while other tokens occasionally fluctuate due to surges in demand.

The community has generated a lot of discussion and controversy (both support and criticism) about its founder @pasternak , and is looking forward to the platform entering the next stage of the flywheel effect. At present, it seems that related efforts are still ongoing.

I recommend staying up to date with the latest developments on the Believe platform and checking out the following filters:

Believe App Screener (by @0x_ultra) and Believe Screener

Launch Lab The top tokens worth paying attention to on Raydium’s Launch Lab platform are actually all launched through the Lets Bonk platform, and Launch Lab only serves as a backend execution tool, mainly used to create Raydium-based liquidity pools.

Pumpfuns activities and metrics As a Launchpad platform, Pumpfun has generated up to $765 million in fee income to date, which can be regarded as almost pure profit, with an average daily income of between $1 million and $2 million.

A total of 11.5 million tokens have been created on the platform, but the pace of token issuance has slowed since the $TRUMP token.

The graduation rate (successful completion of the goal) for tokens also dropped significantly, but appears to have recovered slightly and stabilized at around 0.8% currently.

Volumes rose significantly in March and April but have since declined and are currently trending downwards at around $1 billion per week.

User activity is also decreasing, in line with activity in March/April when there was a surge in users, many of whom were new wallets. Now, there are about 70K+ active users and 50K+ new users per day.

PumpSwap On the PumpSwap platform, token creators earned $6.6 million in transaction fees through the platform.

The platforms overall revenue reached US$93 million, of which US$73 million went to liquidity providers (LPs) and US$18 million belonged to the platform protocol.

Despite the decline in trading volume, the number of daily transactions continues to increase, indicating that PumpSwap’s market share in decentralized exchanges (DEX) is gradually expanding.

Interesting market insights For those unfamiliar with the Solana Meme Coin market, here are some interesting trends:

Daily trading volume starts to rise from 10-11 UTC and reaches a peak at 15-20 UTC, which is highly consistent with US daytime working hours.

Not only does daily trading volume show cyclical fluctuations, but the average transaction size and number of transactions also show similar patterns.

The data shows that the 3-hour moving average (yellow) and 24-hour moving average (blue) of the number of transactions show certain cyclical changes.

Number of independent traders

Trading volume typically decreases by 10-15% on weekends but remains relatively stable during the weekdays.

संदर्भ: Dune dashboards by @Adam_Tehc , his dashboards can be found here: https://dune.com/adam_tehc

Transaction count and unique user periodicity chart by @idatsy

Some data comes from @whale_hunter_ s dashboard: https://dune.com/whale_hunter

Welcome to join TechFlow official community

This article is sourced from the internet: New developments in the Solana trenches: Pumpfun ICO, trading software melee, and Launchpad competition

Related: Lazy Financial Management Guide | Ripple is giving out RLUSD incentives; Electric led investment with an annualized retu Original | Odaily Planet Daily ( @OdailyChina ) Author: Azuma ( @azuma_eth ) This column aims to cover the low-risk return strategies based on stablecoins (and their derivative tokens) in the current market (Odaily Note: code risks can never be ruled out) to help users who hope to gradually increase the scale of funds through U-based financial management to find more ideal interest-earning opportunities. Previous records Lazy Man’s Financial Management Guide | Unichain Incentive Program Launched; Superform Confirms Token Issuance (April 21) Lazy Mans Financial Management Guide | Movement gives out 250 million MOVE incentives; Bearchain leader Infrared launches points plan (April 28) Lazy Financial Management Guide | Falcon Finance lifts whitelist restrictions; Ethena Season 3 airdrop collects rice (May 6) Lazy people’s financial management strategy | Resolv airdrop requires…

# विश्लेषण# एयरड्रॉप# एक्सचेंज# मार्केट# मेम सिक्का# टोकन# टूल© 版权声明सरणी 上一篇 U.S.-listed companies are flocking to “buy cryptocurrencies”, how effective will the second growth curve be? 下一篇 How long can the “mouth-stirring” economy last? Where is the next stop for crypto marketing? 相关文章 Trump once again triggered global asset linkage: dollar collapse, gold price peak, Bitcoin rebound 6086cf14eb90bc67ca4fc62b 483,634 333 नयाFollowing OpenMind’s Token Launch, A Quick Look at Unlaunched Projects in the Robot Sector 6086cf14eb90bc67ca4fc62b 477 Lazy Money Management Guide | River Launches Limited-Time 40.8% APR Income Pool; Avantis LP Points Payout Tonight (Septe 6086cf14eb90bc67ca4fc62b 23,706 क्रिप्टो उद्योग में मंदी के दौर के अंतिम लाभार्थियों का गहन विश्लेषण 6086cf14eb90bc67ca4fc62b 38,073 An article reviews the latest and hottest x402 concept projects in various ecosystems 6086cf14eb90bc67ca4fc62b 17,988 Why are so many people “watching” stablecoins, but it’s so difficult to enter the market?Recommended Articles 6086cf14eb90bc67ca4fc62b 24,205 2 कोई टिप्पणी नहीं टिप्पणी करने के लिए आपको लॉगिन होना होगा! तुरंत लॉगइन करें कोई टिप्पणी नहीं... नवीनतम लेख Did Jane Street “Manipulate” BTC? Decoding the AP System, Understanding the Power Struggle Behind ETF Creation and Redemption Pricing 14 घंटे पहले 532 Stop Comparing Bitcoin to Gold—It’s Now a High-Volatility Software Stock 14 घंटे पहले 632 Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Rebound 14 घंटे पहले 584 ERC-5564: Ethereum’s Stealth Era Has Arrived, Receiving Addresses No Longer ‘Exposed’ 14 घंटे पहले 504 Hong Kong Regulatory Green Light: Asseto Enables DL Holdings to Achieve Compliance for Two RWA Business Implementations 14 घंटे पहले 551 लोकप्रिय वेबसाइटेंTempoLighterजीएआईबीग्लाइडरप्लांकरेल्सबीसीपोकरवूई Bee.com दुनिया का सबसे बड़ा Web3 पोर्टल भागीदारों कॉइनकार्प बिनेंस कॉइनमार्केटकैप कॉइनगेको कॉइनलाइव कवच बी नेटवर्क ऐप डाउनलोड करें और वेब3 यात्रा शुरू करें सफेद कागज भूमिकाएँ सामान्य प्रश्न © 2021-2026. सर्वाधिकार सुरक्षित।. गोपनीयता नीति | सेवाओं की शर्तें बी नेटवर्क ऐप डाउनलोड करें और वेब3 यात्रा शुरू करें दुनिया का सबसे बड़ा Web3 पोर्टल भागीदारों CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors सफेद कागज भूमिकाएँ सामान्य प्रश्न © 2021-2026. सर्वाधिकार सुरक्षित।. गोपनीयता नीति | सेवाओं की शर्तें खोज खोजइनसाइटऑनचेनसामाजिकसमाचार उत्तर: एयरड्रॉप शिकारी डेटा विश्लेषण क्रिप्टो हस्तियाँ ट्रैप डिटेक्टर हिन्दी English 繁體中文 简体中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia اردو Русский हिन्दी

智能索引记录