The graduation rate of pump.fun tokens remains low (around 1.4%), with 81.15% of the market value of graduated tokens never exceeding the $500,000 threshold.
Written by: Karen, Foresight News
As the live streaming feature of pump.fun approaches the edge of 'out of control', bizarre, real-person manipulation, anti-human, and extreme live broadcasts have surged like a tide. While such content attracts viewers' curiosity, it also challenges their psychological bottom line and has sparked widespread discussion about platform regulation, legality, and ethics.
Setting aside these controversies, from a data perspective, since I wrote (The Unknown Data of pump.fun: 1.4% Graduation Rate, Only 3% of Users Profit Over $1000) in August, the pump.fun platform has shown remarkable strong growth across various dimensions including revenue, token deployment scale, user activity, transaction volume, and market influence. Meanwhile, in stark contrast, the platform's graduation rate remains low (around 1.4%), with as much as 81.15% of the market value of graduated tokens never breaking the $500,000 barrier.
First, let's look at the platform fees of pump.fun. According to Dune dashboard data provided by evelyn233, the platform fees of pump.fun continue to rise, reaching 1.46 million SOL in just 10 months since its launch, equivalent to over $250 million. However, as of November 19, pump.fun has sold a total of 898,243 SOL (approximately $157 million). pump.fun is the application with the fastest revenue growth in Crypto history, achieving a revenue target of $100 million in just 217 days, and in the past month, pump.fun and Uniswap's fee revenue have been comparable, both around $77 million.
The daily deployment of 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 deployed token count has shown a spiraling increase, with this month's daily deployment ranging from 40,000 to 55,000 tokens.
However, despite the emergence of new tokens 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.
The daily active users have reached over 200,000 in the past week.
In terms of user data, the daily active user count on pump.fun has exceeded 200,000 in the past week, a significant increase compared to 30,000 to 50,000 users in August. This is not just an increase in user numbers, but also reflects an enhanced user dependency on the platform. Additionally, the influx of new users has maintained steady growth, with over 100,000 new users added daily in recent days.
The number of token transactions on pump.fun far exceeds that of non-pump.fun tokens.
In terms of transaction volume, 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 average trading ratio of around 6:4.
However, it is noteworthy 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 prior to this, the trading volume share of pump.fun tokens was lower (from June to September, the trading volume share of pump.fun tokens accounted for over twenty percent).
81.15% of the tokens in the graduation tokens have never exceeded a market value of $500,000.
Further 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 tokens), as much as 81.15% have never exceeded a market value of $500,000, and two tokens (PNUT and GOAT) have market values exceeding $1 billion.
35,579 tokens (81.15%) have never exceeded a market value of $500,000.
5,963 tokens (13.6%) have a market value between $500,000 and $2 million.
1,846 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).
Finally, regarding profitability, if you earn more than $10 million in profit on pump.fun, your profit ranking will place you in the top 4; if you earn over $1 million, you will rank in the top 153; and if you earn over $100,000, your ranking will be in the top 3,336.
