Applied projects emerge
Although the overall trend of the cryptocurrency market has recently fallen into a bearish consolidation trend, many new applications have gained market attention under such conditions. According to data from DeFilLlama, two new applications, Fantasy.top and Pump.fun, have captured astonishing fees in the past seven days. Although these two applications have only been online for a short time, they have quickly gained a large user base, thus generating A lot of trading volume.
Fantasy top revenue surpasses Solana
Zombit has previously introduced that the SocialFI application Fantasy top based on the Blast network has generated more than 9 million US dollars in handling fees in the past seven days (counting from May 7). This number even surpasses Solana and ranks among all "application types". Ranked third in the project.
Pump.fun becomes Solana ecological head application
Another application, Pump.fun, is a one-click issuance platform for meme coins based on the Solana network. Pump.fun allows anyone to quickly deploy meme coins by providing a name, code and JPG image, and the cost is even less than 2 US dollars, and users do not need to provide any start-up capital. The liquidity pool funds are all raised from the community. Once the token market value successfully reaches US$69,000, the liquidity of US$12,000 will be automatically deposited into Solana decentralized exchange Raydium and LP will be destroyed. Token.
And every meme launched on Pump.fun is not pre-sold and cannot be pre-assigned to any team member, effectively eliminating rug pull issues.
In addition, the Pump.fun platform itself also has its own message function, so in addition to being a meme coin counting facility, it also has an additional social attribute.
Data shows that an average of 14,000 new tokens were issued on the Solana network every day in the past two weeks, most of which occurred on Pump.fun. Since May 2, 10,000 new tokens have been created on Pump.fun for six consecutive days. Meme coins. According to data from DeFilLlama, Pump.fun generated more than $3 million in fees in the past seven days, and daily fees reached an all-time high of more than $752,000 on May 7, making it the highest-grossing application in the Solana ecosystem.
This article What is Pump.fun? How to master meme narratives and become the most profitable application in the Solana ecosystem first appeared on Zombit.
