Author: Poopman, Crypto Researcher
Compiled by: Felix, PANews
Recently, the Base ecosystem meme token issuance platform Clanker has seen a surge of well-known meme coins, including CLANKER, ANON, etc. Crypto researcher Poopman published an article comparing Clanker and Pump.fun across multiple dimensions, details below.
1) Business model
PumpFun: Charges a 1% transaction fee + 2 SOL during the bonding curve period to be listed on Raydium.
Clanker: There is no bonding curve, so it uses the #LpFeesCut feature and permanently charges a 1% fee from Uni v3.
New upgrade: 0.4% of the fees returned to the issuer, providing more incentives for token issuance.
2) Total revenue
PumpFun: A total of $363 million in 10 months. Currently 55 times that of Clanker.
Clanker: $6 million to $7 million in revenue within 20 days. Part of the fees are in tokens, so the revenue is inflated.
3) Growth in the number of tokens (7 days)
PumpFun: 4 million tokens, with a daily growth of about 1.3%
Clanker: So far, there are 4,768 tokens, with a daily growth of about 12%
4) Top 3 tokens issued
PumpFun:
Pnut: $1.1 billion
GOAT: $838 million
Chillguys: $490 million
Clanker:
Clanker: $83 million
LUM: $39 million
ANON: $33 million
Some key points:
Although Clanker has successfully guided a large volume of Base transactions, it has not yet shown any favorable signals for Farcaster.
Early bot sniping seems to be an issue, but there is no clear/accurate data showing its toxicity.
The user base of Farcaster is limited, which may hinder the growth of the number of tokens. However, this design can provide strategic value for Base and Farcaster.
The continuous increase in asset types on Base is key to unlocking the 'true' Base Season.
Related reading: Can Clanker Reforge the Glory of Ethereum's Meme? Analyzing the Token Issuance Applications of AI Agents on the Base Chain
