When the one-click coin issuance platform becomes an ecological weapon, Meme coin has become the version answer

Original | Odaily Planet Daily ( @OdailyChina )

Author: Wenser ( @wenser 2010 )

There is no doubt that Meme has become the version answer of this cycle.

In previous articles such as One-click coin issuance has become the new password for encryption, which platform can beat pump.fun? and Vista has increased 100 times a day, taking stock of 7 potential one-click coin issuance platforms , we introduced many one-click coin issuance platforms. However, various platforms at that time were more inclined to application projects rather than ecological platforms – this is also one of the important reasons why many subsequent projects gradually became obscure. Without ecological support and continuous wealth-making effects, liquidity is difficult to gather for a long time. The launch of the ApeChain mainnet and the gradual demise of the one-click coin issuance platform Ape Express within its ecosystem after 24 hours of explosion are the best examples of this view.

Odaily Planet Daily will briefly sort out the development status of one-click coin issuance platforms in different ecosystems in the past few months in this article for readers reference.

Solana Ecosystem Pump.fun: The Pioneer in Starting This Round of Meme Coin Craze

As time enters 2024, the official approval of the Bitcoin spot ETF has further deepened the coupling between the cryptocurrency industry and the traditional financial field. After experiencing the crazy coin listing boom in the first half of the year, VCs with high FDV and low circulating market value have gradually been abandoned by the market. Instead, Meme coins with the main feature of fair launch and high odds have become a popular investment target sought after by countless people.

Although the overall risk of Meme coins is extremely high, in the face of miracles of getting rich quickly that have been staged time and time again, no one wants to sit back and watch the opportunity slip away. The emergence of pump.fun also provides a large on-chain casino with both liquidity and attention for on-chain gamblers and PVP players. It is no wonder that the words advocating the Meme coin craze spread like wildfire and became a true portrayal of the original cycle – value investment is nothing, all-in memes live in the palace.

On October 23, pump.fun officially announced that it now supports the issuance of tokens through videos. Users can choose to upload videos and create tokens, and allow other users to access them on the main page. Since then, this one-click coin issuance platform, which has emerged since March, has finally taken on some of the characteristics of Tik Tok, the king of Web2 social media – multimedia content, low coin issuance threshold, high-odds projects and other factors have combined to bring unprecedented high activity to the on-chain transactions of the Solana ecosystem.

pump.fun basic data

As of October 23, according to Dune data , the relevant operating data of the pump.fun platform is as follows:

• The total number of projects that have issued tokens is as high as 2,623,866;

• The protocol income is as high as 985,654 SOL;

• On August 12, its daily protocol revenue peaked at 35,076 SOL;

• On October 18, the total number of transaction operations on the Solana ecosystem DEX chain was 21.491 million times, of which pump.fun related operations reached 13.604 million times, accounting for about 63.3%.

The latest news is that daily transaction fees on the Solana blockchain have risen to their highest level since early May 2024. In the past 24 hours, Solanas on-chain transaction fees rose to $3.85 million, a significant increase from the average over the past six months.

According to data from the DefiLlama website , as of October 23, the total revenue of the pump.fun protocol reached 136 million US dollars. In addition, it is understood that the number of active addresses of pump.fun has increased to 85,000 recently, of which 37,000 are new wallets, and users have strong demand to participate in Meme; and the airdrop plan revealed by the founder of pump.fun has triggered a new round of interactive enthusiasm in the market. As for whether it can bring a new wave of big hair to users, we will wait and see.

pump.fun peak data

Base Ecosystem: No One-Click Token Issuance Platform Has Successfully Breakthrough

Unlike the Solana ecosystem pump.fun, which stands out as a single entity, the Base ecosystem has seen a series of Meme coin projects that trigger FOMO emotions, including DEGEN, MFERCOIN, BRETT, TOSHI, BYTG, etc., after taking over the Solana ecosystem Meme craze in March this year. However, perhaps due to the restraint of the Base ecosystem officials on speculative projects, or the difficulty of the Base ecosystem Meme coin to develop independently from the influence of the Ethereum ecosystem Meme project, there is still no one-click coin issuance platform that has successfully broken through and has stable business.

Previously, the Meme coin project MIGGLES, which was officially supported by Coinbase, also experienced a surge in market value around July 20 (the price of a single token exceeded US$0.1 and the market value exceeded US$100 million), and then disappeared in the vast tide of Meme coins.

It has to be said that for a Meme coin project, being able to remain active for three months is an extremely rare and low-probability event. For example, a leading platform like pump.fun, according to statistics , has launched a total of 248,400 tokens this month, and only 3,255 of them are listed on the Solana ecosystem DEX Raydium, of which only two tokens have a market value of more than US$100 million, showing the cruel reality of the survival of the fittest in the Meme coin field.

TRON Ecosystem SunPump: Leveraging the Power of Meme Coin to Promote New Ecosystem Growth

Different from the national meme atmosphere of Solana ecosystem, SunPump, as a latecomer, has successfully occupied a place in the previous ecological development map of TRON ecosystem with a high-profile strategy and a fast and hard work attitude.

At the beginning of SunPump’s launch, we introduced it in detail in the previous article “TRON Meme Revolution is in full swing: SunPump leads the craze and raises the banner of momentum” . We mentioned that SunPump is an attempt by TRON’s ecosystem to create a “new growth point for the ecosystem” based on the continuous development of the stablecoin sector. Subsequently, the emergence of many popular Meme coin projects such as SUNDOG and SUNWUKONG also contributed a lot to the protocol income, network activity and overall development increment of the TRON ecosystem.

As of October 23, according to Dune data , the specific operating data of the SunPump platform is as follows:

The total number of projects that have issued tokens is as high as 90,873;

The protocol’s cumulative revenue reached 34,972,493 TRX;

On August 21, its daily token issuance peaked at 7,531.

According to data from the DefiLlama website , the total revenue of the SunPump protocol is $5.38 million. The latest news is that SunPump continues to promote various types of cooperation in trading, such as the ecological cooperation with Pionex.com, the worlds leading quantitative trading robot crypto trading platform; and the SunPump Telegram Bot officially launched the invitation rebate function .

SunPump Platform Data Overview

Sui Ecosystem Turbos: Token platform and two-pronged approach to jointly promote the SUI ecosystem

Since entering Q2 and Q3 of this year, the development of Sui ecology cannot be underestimated. In addition to the price increase of SUI tokens themselves and the development of DeFi ecology, the Meme coin craze of Sui ecology has also brought it a lot of voice, attention and liquidity. Among them, the value played by Sui ecology DEX Turbos is particularly important.

On October 16, according to official data , the 24-hour trading volume of DEEP tokens on Turbos CLMM DEX has reached nearly 1 million US dollars, and the current liquidity supports the trading volume at a ratio of about 1:15. At the same time, the annualized return of DEEP/SUI liquidity exceeds 2000%, and liquidity providers can obtain high transaction fee income through LP.

As one of the projects officially funded by the SUI Foundation, Turbos Finance has undoubtedly become the leading Meme coin DEX in the Sui ecosystem, with a market position comparable to Solanas Raydium.

According to the official website , its daily trading volume exceeded 39 million US dollars on October 9, setting a record high; on October 14 , its TVL exceeded 30 million US dollars, the total number of accounts exceeded 400,000, and the cumulative trading volume exceeded 2.8 billion US dollars; according to the latest data, its TVL has stabilized at around 23.9 million US dollars. Thanks to a series of excellent market performances, its platform token TURBOS (Turbos Finance) once achieved a single-day increase of 15.7% on October 12.

In addition, Turbos Finance also launched the LP lock-up function on October 19. LP can permanently lock the full range of liquidity while continuing to earn transaction fees and incentives. It also provides a new solution and path for the stable operation and development of the Meme Coin project in the Sui ecosystem. To a certain extent, it can provide returns for the Meme Coin project and LP; at the same time, it can effectively reduce the risk of the Meme Coin project Rug running away.

The latest data shows that Turbos Finances cumulative trading volume is close to US$3 billion, and the total number of accounts has exceeded 538,600.

Turbos Finance Platform Data

Conclusion: When Meme coin becomes the version answer, one-click coin issuance becomes ecological infrastructure from a platform

If, a few months ago, more people viewed Meme coin at the project level, then its competitors and comparison objects could only be VC coins; and after pump.funs business model was successfully verified within a few months, the one-click coin issuance platform has been upgraded from the project level to the ecological-level weapon level. In other words, where the Meme coin is hot, there is market attention and capital liquidity.

The reason why the craze of ApeChain and Ape Express is fading quickly is not only because of limited official actions, but also because the market value of leading Meme coins such as CURTIS on the Ape Express platform has not broken through certain milestones in a short period of time. It is also because the ecological applications are too poor to continue to attract users and retain liquidity.

However, in the future when the mainstreaming process of the crypto industry is accelerating, Meme coin will continue to play the role of version answer, and the old Meme coin and the new king of Meme coin will also take turns, making the one-click coin issuance platform an indispensable part of every ecological infrastructure construction. After the huge variable of AI joins the crypto battlefield, perhaps the AIxMeme one-click coin issuance platform is also on the way.

This article is sourced from the internet: When the one-click coin issuance platform becomes an ecological weapon, Meme coin has become the version answer

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