Solana’s Pump.Fun Is The YouTube of Web3, Unreal Performance Stat To Note
The post Solana’s Pump.Fun Is The YouTube of Web3, Unreal Performance Stat To Note appeared on BitcoinEthereumNews.com. With the broader cryptocurrency sector evolving in a fast way, Solana’s memecoin launchpad, Pump.Fun is also emerging as a strong force in the Web3 ecosystem. Its revolution of creating and trading memecoin may have earned it the title “YouTube of Web3.” With this, it is mirroring how YouTube has transformed content creation with its accessible and profitable platform. Pump.Fun Becomes a Platform For the Solana Memecoin Masses Over the years, YouTube has democratized video content, offering anyone the opportunity to upload their videos and monetize it. In a similar fashion, Pump.Fun has substantially lowered the barrier to entry for memecoin creation and creators on the Solana blockchain. Pump.Fun ìs establishing a new benchmark for decentralized platforms with its innovative bonding curve mechanism, vertical integration strategies, and staggering performance metrics. Since it launched in January 2024, over 11 million tokens have been created on the platform. This gives it approximately 90% of the Solana memecoin market share. One standout stat on Pump.Fun is the meteoric rise in average daily revenue of $1.5 million. This figure reflects the launchpad’s capacity to monetize its massive user base. Image Source: Delphi Digital on X Notably, Pump.Fun’s revenue stream is further enhanced by PumpSwap, a proprietary DEX launched three months ago. As it stands, this PumpSwap project alone generates up to $380 million in daily trading volume. Up to 29,000 tokens are launched daily, with about 370 of them graduating into full trading. There is a general memecoin hype, but Pump.Fun has managed to demonstrate resilience. Also, there is still sustained user engagement, supported by the high Solana throughput and low-cost transactions. Solana ATH Trigger This outlook for Pump.Fun is likely to trigger a new All-Time High (ATH) for Solana’s native coin, SOL. Unfortunately, the SOL price has faced resistance at $164, following a large…
The post Solana’s Pump.Fun Is The YouTube of Web3, Unreal Performance Stat To Note appeared on BitcoinEthereumNews.com.
With the broader cryptocurrency sector evolving in a fast way, Solana’s memecoin launchpad, Pump.Fun is also emerging as a strong force in the Web3 ecosystem. Its revolution of creating and trading memecoin may have earned it the title “YouTube of Web3.” With this, it is mirroring how YouTube has transformed content creation with its accessible and profitable platform. Pump.Fun Becomes a Platform For the Solana Memecoin Masses Over the years, YouTube has democratized video content, offering anyone the opportunity to upload their videos and monetize it. In a similar fashion, Pump.Fun has substantially lowered the barrier to entry for memecoin creation and creators on the Solana blockchain. Pump.Fun ìs establishing a new benchmark for decentralized platforms with its innovative bonding curve mechanism, vertical integration strategies, and staggering performance metrics. Since it launched in January 2024, over 11 million tokens have been created on the platform. This gives it approximately 90% of the Solana memecoin market share. One standout stat on Pump.Fun is the meteoric rise in average daily revenue of $1.5 million. This figure reflects the launchpad’s capacity to monetize its massive user base. Image Source: Delphi Digital on X Notably, Pump.Fun’s revenue stream is further enhanced by PumpSwap, a proprietary DEX launched three months ago. As it stands, this PumpSwap project alone generates up to $380 million in daily trading volume. Up to 29,000 tokens are launched daily, with about 370 of them graduating into full trading. There is a general memecoin hype, but Pump.Fun has managed to demonstrate resilience. Also, there is still sustained user engagement, supported by the high Solana throughput and low-cost transactions. Solana ATH Trigger This outlook for Pump.Fun is likely to trigger a new All-Time High (ATH) for Solana’s native coin, SOL. Unfortunately, the SOL price has faced resistance at $164, following a large…
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