Written by Karen, Foresight News
When the live broadcast function of pump.fun reached the edge of "out of control", live broadcasts of curiosity, real-person manipulation, anti-humanity and extreme nature emerged like a tide. While attracting the audience's curious eyes, this kind of content also challenges the audience's psychological bottom line, and at the same time caused extensive discussion on platform supervision, legality and ethics.
Regardless of these controversies, from the data level, since the author wrote the article (Unknown pump.fun data: 1.4% graduation rate, only 3% of users earn more than $1,000) in August, the pump.fun platform has shown remarkable and strong growth in multiple dimensions such as revenue, token deployment scale, user activity, trading volume, and market influence. At the same time, however, in sharp contrast, the platform's graduation rate remains at a low level (around 1.4%), and among the graduated tokens, as many as 81.15% of the token market value has never exceeded the $500,000 mark.
First, let's look at pump.fun's platform fees. According to the Dune dashboard data provided by evelyn233, pump.fun's platform fees continue to rise, reaching 1.46 million SOL in just 10 months after its launch, equivalent to more than $250 million. However, as of November 19, pump.fun has sold a total of 898,243 SOL (about $157 million). pump.fun is the fastest-growing application in Crypto history, achieving its $100 million revenue target in just 217 days, and in the past month, pump.fun and uniswap's fee revenues are comparable, both around $77 million.
The number of daily deployed tokens has surged, but the graduation rate is still around 1.4%
In terms of token deployment, the number of tokens on pump.fun has reached nearly 3.82 million, and the total number of addresses has reached 3.56 million. The number of tokens deployed daily has shown an upward spiral, with daily deployments ranging from 40,000 to 55,000 this month.
However, despite the emergence of new tokens, the percentage of tokens that successfully "graduated" (entered Raydium trading) remained at around 1.4%. This means that out of nearly 3.82 million tokens, only 54,000 tokens successfully "graduated", and as many as 98.6% of wallets never entered Raydium.
The number of daily active users in the past week has reached more than 200,000
In terms of user data, the number of daily active users of pump.fun has exceeded 200,000 in the past week. Compared with the 30,000 to 50,000 users in August, this increase is very significant. This is not only an increase in the number of users, but also reflects the increasing dependence of users on the platform. At the same time, the number of new users has also maintained steady growth, with more than 100,000 new users added every day in recent days.
The number of pump.fun token transactions far exceeds that of non-pump.fun tokens
In terms of transaction volume, according to the Dune dashboard data provided by Hashed, the number of token transactions on pump.fun has exceeded the number of transactions of non-pump.fun tokens since August, with an average monthly transaction ratio of about 6:4.
However, it is worth noting that non-pump.fun tokens still lead in terms of volume. In November, the ratio of pump.fun tokens to non-pump.fun tokens was 43:57, while before that, pump.fun tokens had a lower share of volume (from June to September, pump.fun tokens accounted for more than 20% of the volume).
81.15% of graduated tokens never had a market cap of more than $500,000
Further analysis shows that according to data updated by @adam_tehc 5 days ago, the graduation rate of pump.fun is only 1.6%. Among the tokens that successfully graduated (43,846), a whopping 81.15% of the tokens have never exceeded a market value of $500,000, and two tokens (PNUT and GOAT) have a market value of more than $1 billion.
35,579 tokens (81.15%) never had a market cap above 500k.
5,963 tokens (13.6%) have a market cap between 500,000 and 2 million.
1,846 tokens (4.21%) have a market cap between 2 million and 10 million.
369 tokens (0.842%) have a market cap between 10 million and 50 million.
64 tokens (0.146%) have a market cap between 50 million and 200 million.
23 tokens (0.052%) have a market cap between $200 million and $1 billion.
2 tokens (0.005%) have a market cap of more than $1 billion (PNUT and GOAT).
Finally, in terms of profitability, if you make over $10 million in profit on pump.fun, you’ll be ranked in the top 4; if you make over $1 million in profit, you’ll be ranked in the top 153; and if you make over $100,000 in profit, you’ll be ranked in the top 3,336.
