In fact, most cryptocurrencies created on the Solana-based memecoin generator, pump.fun, never make it to market.
Dune Analytics data shows that the success rate of crypto Token from pump.fun being included in the Solana -based decentralized finance protocol Raydium is 1.41%, ranging from 1.21% to 1.21% since May. The All-Time-High of 2.56% was reached on February 16.
“The successful launch rate of Token from Pump Fun (coins that reach a value of $69,000 and are listed on a decentralized exchange) is stagnant at about 1.4%,” said partner Adam Cochran of Cinneamhain Ventures commented in X's August 1 post .
Cochran further pointed out that no new coin has “really surpassed” the $20 million Fully Dilated Valuation (FDV) level — a measure of the overall value of a cryptocurrency if all coins were in circulation .
“All of this shows that we are finally breaking the vicious cycle of meme,” Cochran asserted.
“I didn't realize how brutal the battlefield really was,” added crypto commentator and web3 developer Bread, pointing out that only 22,300 Token out of 1.58 million were issued . created is actually put into Raydium.
However, other commentators believe that the success rate is not reflective of the memecoin market as a whole, it just shows how easy pump.fun makes creating memecoins possible.
“Pump fun doesn't ruin memecoin, it just lifts the curtain on how to make sausages and makes making said sausages very easy,” Pseudonymous commentator Bunjil Chia with his 56,900 Watcher. your track .
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