Announcements Gate Research: Data Insights Behind the Rapid Growth of Memecoin Launchpad Pump.fun

Gate Research: Data Insights Behind the Rapid Growth of Memecoin Launchpad Pump.fun

2025-02-28 08:56:38 UTC 5920 Read

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Gate Research has recently released a report titled "<a href="https://www.gate.io/learn/articles/gate-research-data-insights-behind-the-rapid-growth-of-memecoin-launchpad-pump-fun/6842?pid=Web&ch=teJuhiDD&utm_campaign=TR_SaN4Dvh6&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=" target="_blank">Gate Research: Data Insights Behind the Rapid Growth of Memecoin Launchpad Pump.fun</a>", which delves into the explosive growth of memecoins in 2024. The report highlights how Pump.fun, with its unique mechanisms, has established itself as a dominant force within the Solana ecosystem. By leveraging market data, the report analyzes Pump.fun's growth trends, user behavior, and the lifecycle of meme tokens, while also exploring the competitive landscape and potential future directions for the industry.

### Key Points Summary:

- **Explosive Growth of Meme Tokens**: The meme token market saw rapid development in 2024, with the total market value skyrocketing from $22.28 billion to $96.67 billion, a 433% increase. The Solana ecosystem stood out during this wave, with the number of tradable tokens on decentralized exchanges (DEX) increasing by 983% per week. Over 50% of these tokens were contributed by Pump.fun, solidifying its market dominance.
- **Pump.fun's Growth Momentum & Market Impact**: As of February 5, 2025, Pump.fun accumulated over 2.76 million SOL in trading fees, issued 7.5 million tokens, and successfully launched over 98,000 tokens on Raydium. In January 2025, it accounted for 54% of the total transactions on Solana-based DEXs, profoundly impacting the Solana ecosystem's activity.
- **Wealth Effect Attracts Speculators**: Tokens** **on Pump.fun saw staggering price increases, such as Fartcoin surging by 105,118x, while WOULD and arc increased by 51,781x and 36,391x, respectively. This has drawn substantial speculative funds. However, data reveals that 99.69% of meme tokens eventually return to their initial issuance price, reflecting the market's high-risk, highly volatile nature.
- **Meme Token Lifecycle**: Successfully issuing a token on Pump.fun is just the first step. Only 1.35% of tokens make it to Raydium, highlighting the intense market competition. Despite potentially massive short-term returns, due to rapid shifts in market sentiment, most tokens eventually collapse to near-zero value. Investors should approach with caution.
- **Competitive Landscape & Industry Ecosystem**: Inspired by Pump.fun's success, platforms like SunPump and Moonshot have also entered the meme token space. SunPump, supported by the Tron ecosystem and Justin Sun, gained early growth, while Moonshot, backed by DEXScreener, leveraged its traffic advantages. However, Moonshot still faces the strong first-mover advantage of Pump.fun within the Solana ecosystem.
- **Future Trends Outlook**: The competition within the meme token market will continue to intensify, driving platforms to innovate in token issuance mechanisms, user experience, and market promotion. At the same time, the growing use of automated trading tools and on-chain data analytics platforms will improve trading efficiency and market transparency, supporting the further development of the meme token ecosystem.
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<center>**<a href="https://gimg.gateimg.com/learn/Gate%20Research%EF%BC%9AData%20Insights%20Behind%20the%20Rapid%20Growth%20of%20Memecoin%20Launchpad%20Pump.pdf" rel="nofollow noopener noreferrer" target="_blank">Click here to download the PDF</a>**</center>

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Gate.io Team
February 28, 2025

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Gate Research: Data Insights Behind the Rapid Growth of Memecoin Launchpad Pump.fun

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