Pump.fun is leading the charge in the memecoin launchpad trend, driving the rapid growth of emerging memecoin projects. This report delves into its unique mechanisms and key data, revealing market trends and opportunities behind the expansion of the memecoin ecosystem.
Abstract
Memecoins have become one of the hottest topics in the 2024 crypto market. According to data from CoinMarketCap, the total market capitalization of memecoins surged from $22.28 billion to $96.67 billion in 2024, achieving an impressive 433% growth.
Solana’s token issuance volume leads all major ecosystems. In 2024, the average number of tradable tokens added weekly on Solana’s decentralized exchanges (DEX) reached 106,200, a 983% increase from 10,800 at the beginning of the year. More than 50% of these tokens originated from the Pump.fun platform. Solana has emerged as the platform for memecoin creators and traders.
Pump.fun has shown strong momentum, becoming one of the most active protocols in the crypto space. As of February 5, 2025, the platform has accumulated transaction fees exceeding 2.76 million SOL and issued 7.5 million tokens, with over 98,000 tokens successfully launched on Raydium.
In January 2025, tokens that were launched through Pump.fun accounted for 54% of the total transactions on Solana-based DEXs. The proportion of non-voting transactions on the Solana network also rose, reaching 25% in January 2025. This has played a significant role in boosting Solana’s overall network activity.
The notable wealth effect has drawn more users to participate. For instance, Fartcoin’s price surged 105,118 times compared to its initial price on Pump.fun, and saw a 6,307-fold increase relative to its initial liquidity price on Raydium. Similarly, the prices of WOULD and arc tokens increased by 51,781 times and 36,391 times, attracting large numbers of speculators.
After a brief surge, 99.69% of the memecoins issued on Pump.fun eventually fell back to their initial launch prices, ultimately returning to zero.
New entrants, including projects like SunPump and Moonshot, are now competing in the memecoin launchpad space, but Pump.fun remains in the lead.
(Click below to access the full report)
Gate Research Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.
This paper delves into the correlation between Memecoin and Bitcoin prices, analyzing their relationship in terms of price trends, trading volume, and market sentiment. Through data collection, statistical analysis, and case studies, significant correlations were found between the two, influenced by multiple factors including market sentiment, investor behavior, and policy environment. The research outlines the market development history of Bitcoin and Memecoin, discusses key factors affecting prices, and provides future trend predictions. The paper also offers recommendations for investors, regulatory bodies, and industry practitioners, aiming to promote healthy development of the cryptocurrency market and improve investment decision-making rationality.
As the U.S. election concludes, 2024 is also closing. Reflecting on this year's crypto bull market, Meme has been an unavoidable topic. From BOME at the start of the year, MAGA in the middle, to GOAT at the end, Memecoin has generated new hot topics every quarter, sustaining the industry's momentum. Belgian scholar Francis Paul Heylighen proposed in 1998 that meme culture consists of four stages, including "assimilation," "retention," "expression," and "transmission." On a deeper level, meme culture's popularity can be attributed to its alignment with the uses and gratifications theory proposed by British communication scholar McQuail.
Decentralized Science (DeSci) is becoming a crucial aspect of Web3 development, as it solves fundamental problems such as unequal research funding, intellectual property monopolies, and lack of transparency in scientific research. By leveraging DAO, IP-NFTs, and token economies, DeSci empowers scientific innovation, drives the real-world adoption of Web3, and accelerates progress toward fairer and more open research.
2/21/2025, 12:13:11 PM
Gate Research: Data Insights Behind the Rapid Growth of Memecoin Launchpad Pump.fun
Pump.fun is leading the charge in the memecoin launchpad trend, driving the rapid growth of emerging memecoin projects. This report delves into its unique mechanisms and key data, revealing market trends and opportunities behind the expansion of the memecoin ecosystem.
Memecoins have become one of the hottest topics in the 2024 crypto market. According to data from CoinMarketCap, the total market capitalization of memecoins surged from $22.28 billion to $96.67 billion in 2024, achieving an impressive 433% growth.
Solana’s token issuance volume leads all major ecosystems. In 2024, the average number of tradable tokens added weekly on Solana’s decentralized exchanges (DEX) reached 106,200, a 983% increase from 10,800 at the beginning of the year. More than 50% of these tokens originated from the Pump.fun platform. Solana has emerged as the platform for memecoin creators and traders.
Pump.fun has shown strong momentum, becoming one of the most active protocols in the crypto space. As of February 5, 2025, the platform has accumulated transaction fees exceeding 2.76 million SOL and issued 7.5 million tokens, with over 98,000 tokens successfully launched on Raydium.
In January 2025, tokens that were launched through Pump.fun accounted for 54% of the total transactions on Solana-based DEXs. The proportion of non-voting transactions on the Solana network also rose, reaching 25% in January 2025. This has played a significant role in boosting Solana’s overall network activity.
The notable wealth effect has drawn more users to participate. For instance, Fartcoin’s price surged 105,118 times compared to its initial price on Pump.fun, and saw a 6,307-fold increase relative to its initial liquidity price on Raydium. Similarly, the prices of WOULD and arc tokens increased by 51,781 times and 36,391 times, attracting large numbers of speculators.
After a brief surge, 99.69% of the memecoins issued on Pump.fun eventually fell back to their initial launch prices, ultimately returning to zero.
New entrants, including projects like SunPump and Moonshot, are now competing in the memecoin launchpad space, but Pump.fun remains in the lead.
(Click below to access the full report)
Gate Research Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.
This paper delves into the correlation between Memecoin and Bitcoin prices, analyzing their relationship in terms of price trends, trading volume, and market sentiment. Through data collection, statistical analysis, and case studies, significant correlations were found between the two, influenced by multiple factors including market sentiment, investor behavior, and policy environment. The research outlines the market development history of Bitcoin and Memecoin, discusses key factors affecting prices, and provides future trend predictions. The paper also offers recommendations for investors, regulatory bodies, and industry practitioners, aiming to promote healthy development of the cryptocurrency market and improve investment decision-making rationality.
As the U.S. election concludes, 2024 is also closing. Reflecting on this year's crypto bull market, Meme has been an unavoidable topic. From BOME at the start of the year, MAGA in the middle, to GOAT at the end, Memecoin has generated new hot topics every quarter, sustaining the industry's momentum. Belgian scholar Francis Paul Heylighen proposed in 1998 that meme culture consists of four stages, including "assimilation," "retention," "expression," and "transmission." On a deeper level, meme culture's popularity can be attributed to its alignment with the uses and gratifications theory proposed by British communication scholar McQuail.
Decentralized Science (DeSci) is becoming a crucial aspect of Web3 development, as it solves fundamental problems such as unequal research funding, intellectual property monopolies, and lack of transparency in scientific research. By leveraging DAO, IP-NFTs, and token economies, DeSci empowers scientific innovation, drives the real-world adoption of Web3, and accelerates progress toward fairer and more open research.