Author: Nancy, PANews

In this article, PANews has compiled 11 meme currency LaunchPad platforms. These entrants focus on simplifying the issuance mechanism, asset security and diversification of gameplay to improve the meme currency trading experience and efficiency. However, the current market penetration rate is limited, and the leader Pump.fun Still control more market share. At the same time, most of these meme currency issuance platforms are backed by a certain amount of traffic and resource support, and this craze has spilled over from Solana to major public chains such as Tron, Ethereum, BNB Chain and Base.

The meme currency issuance platform is blooming with multiple chains, and competition is forcing fees and functions to rise.

First-mover advantages often bring certain competitive barriers. Judging from the establishment time of each meme currency LaunchPad, it was basically after the meme currency craze started again, and 60% of the platforms were established after July this year. Pump.fun, the leading meme currency issuance platform, was the first to go online and was launched on Solana in January this year. Therefore, the new meme coin issuance platforms are basically imitators of Pump.fun.

Because of this, Solana has become the main beneficiary of this wave of national currency issuance, and is also one of the main positions for meme currency players. Judging from the public chains where these 11 meme currency issuance platforms are located, more than 30% come from the Solana network. However, this currency issuance craze is also spreading to other public chains, including Tron, Ethereum, BNB Chain, Base, TON and Bitcoin, etc., which have all launched their own meme currency ecological issuance platforms.

However, in addition to the hot scene of meme coins driven by the myth of sudden wealth in the past, lower issuance costs are also an important reason for stimulating the surge in market participation. This strategy also makes it easier to win higher market share and higher profits. From the perspective of deployment costs, most platforms have low currency issuance costs, basically less than 3 US dollars. Among them, Pump.fun (the initial 0.02 SOL was cancelled), Trugly.meme and makenow.meme cost 0 . At the same time, certain incentive mechanisms also reduce users’ trial and error costs and thereby increase participation and loyalty. In these distribution platforms, in addition to the increase in the amount of creator rewards, the forms of incentives are also becoming more diverse, including point airdrops, income dividends, transaction fee rebates, etc.

In order to seize more market share, various platforms have also launched a price war. Most of the fees range from 0.1% to 1%, and some also divide the fees based on the transaction amount or transaction group. For example, whales.meme charges 5% for creators and 1% for traders; Ticket.fans is free for users with an amount below 0.001 BTC, and charges 1% for amounts above this amount, etc.

At the same time, it is also more diversified in terms of functions and technologies. For example, Pump.fun launched unlimited Threads and live chat functions, SunPump launched SUN BOOST to provide a liquidity mining pool and added a new comment function, and makenow.meme pioneered the function of issuing coins immediately after posting a post. , Trugly.meme launched a fundraising refund function, and Memehub introduced AI technology to allow users to provide names and LOGOs to quickly create tokens, etc. Iterations of these products can improve user experience and market competitiveness.

Of course, the success of the meme currency platform not only relies on narrative power, but resource support also plays an important role. Overall, most distribution platforms have high-quality resources and traffic support. For example, Pump.fun is incubated by the well-known encryption accelerator Alliance DAO. Alon, the founder of Pump.fun, also admitted that Alliance's support has found the product and market for the project. The fit point is crucial; SunPump has received strong momentum and support from Tron founder Justin Sun, and is also the fastest-growing distribution platform after Pump.fun; Moonshot was developed by the veteran DEX tool DexScreener, who is also a meme currency player Commonly used tools; Four.meme has cooperated with BNB Chain to launch a new accelerator program to provide comprehensive support and resources for the meme currency project on the platform.

The Matthew Effect is highlighted, Pump.fun traffic may be taken over by the new platform

After more and more meme coins LaunchPad entered the market, the market volume of meme coins has gradually expanded, becoming an important encryption segmentation track.

According to PANews statistics, the above-mentioned 11 platforms have issued a total of more than 2.12 million meme coins, of which Pump.fun, Moonshot and SunPump are the main forces. As of September 5, they have issued nearly 1.95 million, 78,000 and 75,000 meme coins respectively. indivual. In terms of volume, Pump.fun undoubtedly has the absolute lead, accounting for 91.9% of the circulation on these platforms. In comparison, the number of issuances on other platforms is only thousands or even hundreds. Of course, this is also related to factors such as the time when the platform was launched and the decline of the meme currency craze.

However, with the proliferation of meme coins, various issuing platforms have also set different market value thresholds for DEX listings. For example, Pump.fun, SunPump, Ticket.fans and wonton.fun set the market value at around US$70,000, and Moonshot Set 432 SOL (approximately 560,000 US dollars), the project market value requirement of Four.meme is 24 BNB (approximately 120,000 US dollars), and the market value threshold of whales.meme is set at 336 SOL (approximately 44,000 US dollars).

As meme coins gain more and more user and financial participation, some issuance platforms also gain traffic and revenue. In terms of revenue, Pump.fun leads the way with cumulative revenue of over US$100 million in less than 8 months. SunPump and Moonshot also have impressive revenue, reaching US$4.7 million and US$1.21 million respectively, especially It only took SunPump less than a month, and its daily revenue once exceeded Pump.fun. In comparison, the income of other platforms is not optimistic, mostly hundreds of thousands or even tens of thousands of dollars.

However, under the temptation of huge traffic and profits, the market is also welcoming more entrants. For example, the veteran DEX SushiSwap recently announced the launch of Dojo, a new meme currency issuance function, and the Bitcoin expansion network Fractal Bitcoin will also launch the launch platform satspump.fun, etc.

However, the popularity of the meme currency market is currently declining significantly. Google Trends data shows that as of September 11, the search popularity of "meme coins" plummeted from a peak of 100 in mid-March to 25. The market size of the meme currency sector has also shrunk significantly, from a market value of nearly $60 billion in May to $40 billion today, with approximately $20 billion evaporated. Affected by this, the popularity of meme currency issuance platforms has also declined. For example, Pump.fun has experienced user outflows, and Solana fees have also fallen to a six-month low.

In general, as the meme currency hype cools down due to market fluctuations, including the violent fluctuations of related tokens, which are hitting market confidence, these meme currency issuance platforms will also face challenges.

(The above content is excerpted and reprinted with the authorization of our partner PANews, original text link)

Statement: The article only represents the author's personal views and opinions, and does not represent the objective views and positions of the blockchain. All contents and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and Blockchain Client will not be held responsible for any direct or indirect losses caused by investors' transactions.

〈A brief analysis of 11 meme currency LaunchPad platforms: Pump.fun is dominant, and the impact of new forces’ involution is limited〉 This article was first published in "Block Guest".