According to Odaily, data from Dune Analytics reveals that the success rate of cryptocurrencies listed on Raydium via pump.fun has been fluctuating between 1.21% and 1.41% since May, reaching an all-time high of 2.56% on February 16. Adam Cochran, a partner at Cinneamhain Ventures, commented on August 1 that the 'graduation rate' of tokens on pump.fun has stagnated around 1.4%. Cochran further noted that no new tokens have truly surpassed the $20 million Fully Diluted Valuation (FDV) level. Additionally, cryptocurrency commentator and Web3 developer Bread highlighted that out of 1.58 million tokens launched on pump.fun, only 22,300 have successfully listed on Raydium.