The graduation rate of pump.fun tokens remains low (around 1.4%), with 81.15% of the graduated tokens never exceeding the market value threshold of 500,000 dollars.
Written by: Karen, Foresight News
As the live streaming feature of pump.fun reaches the edge of 'out of control', bizarre, real-person manipulation, anti-humanity, and extreme live streams are emerging like a tide. This type of content not only attracts the curious attention of viewers but also challenges their psychological bottom line, leading to widespread discussions about platform regulation, legality, and ethics.
Setting aside these controversies, from a data perspective, since I wrote in August (the little-known pump.fun data: a 1.4% graduation rate, only 3% of users profit over 1,000 dollars), the pump.fun platform has shown remarkable strong growth across multiple dimensions such as revenue, token deployment scale, user activity, trading volume, and market influence. However, in stark contrast, the platform's graduation rate remains low (around 1.4%), with as many as 81.15% of graduated tokens never breaking through the market value threshold of 500,000 dollars.
First, let's look at the platform fees of pump.fun. According to the Dune dashboard data provided by evelyn233, the platform fees of pump.fun have been continuously rising, reaching 1.46 million SOL in just 10 months after launch, equivalent to over 250 million dollars. However, as of November 19, pump.fun has sold a total of 898,243 SOL (about 157 million dollars). Pump.fun is the application with the fastest revenue growth in Crypto history, achieving a revenue target of 100 million dollars in just 217 days, and in the past month, the fee revenue of pump.fun and Uniswap has been comparable, both around 77 million dollars.
The daily number of deployed tokens has surged, but the graduation rate remains around 1.4%.
In terms of token deployment, the number of tokens on pump.fun has approached 3.82 million, and the total number of addresses has reached 3.56 million. The daily number of deployed tokens has shown a spiraling increase, with daily deployments this month ranging from 40,000 to 55,000.
However, despite the new tokens springing up like mushrooms after rain, the proportion of tokens that successfully 'graduate' (i.e., enter Raydium trading) remains around 1.4%. This means that out of nearly 3.82 million tokens, only 54,000 tokens have successfully 'graduated', while as much as 98.6% of wallets have never entered Raydium.
In the past week, daily active users have reached over 200,000.
In terms of user data, the daily active user count of pump.fun has exceeded 200,000 in the past week, a significant increase compared to 30,000 to 50,000 users in August. This reflects not only the increase in user numbers but also the growing dependence of users on the platform. Meanwhile, the influx of new users continues to grow steadily, with over 100,000 new users added daily in recent days.
The number of transactions for pump.fun tokens far exceeds that of non-pump.fun tokens.
In terms of the number of transactions, according to Dune dashboard data provided by Hashed, the number of token transactions on pump.fun has exceeded that of non-pump.fun tokens since August, with a monthly trading ratio of about 6:4.
However, it is worth noting that the trading volume of non-pump.fun tokens still leads. In November, the trading volume ratio of pump.fun tokens to non-pump.fun tokens was 43:57, while previously, the trading volume of pump.fun tokens was lower (from June to September, pump.fun tokens accounted for more than 20% of the volume).
81.15% of the graduated tokens have never exceeded a market value of 500,000 dollars.
Further in-depth analysis shows that, according to data updated by @adam_tehc five days ago, the graduation rate of pump.fun is only 1.6%. Among the successfully graduated tokens (43,846), as many as 81.15% of them have never exceeded a market value of 500,000 dollars, while two tokens (PNUT and GOAT) have a market value exceeding 1 billion dollars.
35579 tokens (81.15%) have never exceeded a market value of 500,000.
5963 tokens (13.6%) have a market value between 500,000 and 2 million.
1846 tokens (4.21%) have a market value between 2 million and 10 million.
369 tokens (0.842%) have a market value between 10 million and 50 million.
64 tokens (0.146%) have a market value between 50 million and 200 million.
23 tokens (0.052%) have a market value between 200 million and 1 billion.
2 tokens (0.005%) have a market value exceeding 1 billion (PNUT and GOAT).
Lastly, from a profitability perspective, if you earn over 10 million dollars on pump.fun, your profit ranking will be in the top 4; if you earn over 1 million dollars, your ranking will be in the top 153; and if you earn over 100,000 dollars, your ranking will be in the top 3336.
