ChainCatcher reported that according to Cointelegraph, Dune Analytics data showed that the success rate of the cryptocurrency Raydium on pump.fun was 1.41%. It has been fluctuating between this number and 1.21% since May, reaching an all-time high of 2.56% on February 16.
“The ‘graduation rate’ for tokens on pump.fun is stagnant at around 1.4%,” Adam Cochran, partner at Cinneamhain Ventures, commented in an August 1 post. “No new tokens are ‘truly breaking’ the $20m FDV level.”
Bread, a crypto commentator and Web3 developer, added that only 22,300 of the 1.58 million tokens launched on pump.fun were actually listed on Raydium.
