Article source: Felix
Author: Poopman, Crypto Researcher
Compiled by: Felix, PANews
Recently, the Base ecosystem meme token platform Clanker has emerged with many well-known meme coins, including CLANKER, ANON, etc. Crypto researcher Poopman published an article comparing Clanker and Pump.fun across various dimensions such as business models, the following are the content details.
1) Business model
PumpFun: A 1% trading fee is charged during the bonding curve period (Bonding Curves, which dynamically adjust the price of tokens based on supply using smart contracts and mathematical formulas) + 2 SOL to be listed on Raydium.
Clanker: Due to the lack of a bonding curve, the #LpFeesCut feature is used to permanently charge a 1% fee from Uni v3.
New upgrade: 0.4% of the fees are returned to the issuer, providing more incentives for issuing tokens.
2) Total revenue
PumpFun: A total of $363 million over 10 months. Currently 55 times that of Clanker.
Clanker: Revenue of $6 to $7 million within 20 days. Since part of the fees are tokens, the revenue is exaggerated.
3) Token quantity growth (7 days)
PumpFun: 4 million tokens, with a daily growth of about 1.3%.
Clanker: So far there are 4,768 tokens, with a daily growth of about 12%.
4) Top 3 tokens issued
PumpFun:
Pnut: $1.1 billion
GOAT: $838 million
Chillguys: $490 million
Clanker:
Clanker: $83 million
LUM: $39 million
ANON: $33 million
Some key points:
Although Clanker has successfully directed a large volume of Base transactions, it has not yet shown any favorable signals for Farcaster.
Early robot sniping seems to be a problem, but there is no clear/accurate data showing its toxicity.
Farcaster's user base is limited, which may hinder the growth of the token quantity. However, this design can provide strategic value to Base and Farcaster.
The continuous increase of asset types on Base is key to unlocking the 'real' Base Season.
Related reading: Clanker reforge Ethereum ecosystem Meme glory? Analysis of Base chain's AI Agent token application.
