Author: Karen, Foresight News
As the live streaming function of pump.fun approaches the "out of control" edge, curious, human-controlled, inhumane, and extreme live streaming content has emerged like a tide. While attracting the curious gaze of the audience, this type of content is also challenging the psychological bottom line of the audience, and has also sparked widespread discussion on platform regulation, legality, and ethics.
Leaving aside these controversies, from the data perspective alone, since the author wrote the article "The Unknown Data of pump.fun: 1.4% Graduation Rate, Only 3% of Users Profit Over $1,000" in August, the pump.fun platform has shown a remarkable growth momentum in terms of revenue, token deployment scale, user activity, trading volume, and market influence. However, in stark contrast, the platform's graduation rate is still maintained at a relatively low level (around 1.4%), and among the graduated tokens, as high as 81.15% of the token market value has never broken through the $500,000 threshold.
The Daily Deployment of Tokens Has Surged, but the Graduation Rate Remains Around 1.4%
In terms of token deployment, the number of tokens on pump.fun has approached 3.82 million, and the total number of addresses has reached 3.56 million. The daily deployment of tokens has shown a spiral upward trend, with the daily deployment volume ranging from 40,000 to 55,000 this month.
However, despite the emergence of new tokens like spring bamboo, the proportion of tokens that have successfully "graduated" (i.e., entered Raydium trading) is still maintained at around 1.4%. This means that among the nearly 3.82 million tokens, only 54,000 tokens have successfully "graduated", while as high as 98.6% of the wallets have never entered Raydium.
The Daily Active Users Have Exceeded 200,000 in the Past Week
In terms of user data, the daily active users of pump.fun have exceeded 200,000 in the past week, a significant increase compared to the 30,000 to 50,000 users in August. This not only reflects an increase in the number of users, but also an increase in the dependence of users on the platform. At the same time, the addition of new users has also maintained steady growth, with over 100,000 new users added per day in recent days.
The Number of Transactions of pump.fun Tokens Far Exceeds Non-pump.fun Tokens
In terms of transaction volume, according to the Dune dashboard data provided by Hashed, the number of transactions of pump.fun tokens has exceeded the number of transactions of non-pump.fun tokens since August, with a monthly transaction ratio of around 6:4.
However, it is worth noting that the trading volume of non-pump.fun tokens is still leading. In November, the trading volume ratio of pump.fun tokens to non-pump.fun tokens was 43:57, and before that, the trading volume share of pump.fun tokens was even lower (accounting for more than 20% of the trading volume in June to September).
81.15% of the Token Market Value of the Graduated Tokens Has Never Exceeded $500,000
Further analysis shows that according to the data updated by @adam_tehc 5 days ago, the graduation rate of pump.fun is only 1.6%. Among the successfully graduated tokens (43,846), as high as 81.15% of the token market value has never exceeded $500,000, and there are two tokens (PNUT and GOAT) with a market value exceeding $1 billion.
35,579 tokens (81.15%) have never had a market value exceeding $500,000.
5,963 tokens (13.6%) have a market value between $500,000 and $2 million.
1,846 tokens (4.21%) have a market value between $2 million and $10 million.
369 tokens (0.842%) have a market value between $10 million and $50 million.
64 tokens (0.146%) have a market value between $50 million and $200 million.
23 tokens (0.052%) have a market value between $200 million and $1 billion.
2 tokens (0.005%) have a market value exceeding $1 billion (PNUT and GOAT).
Finally, in terms of profitability, if you earn more than $10 million in profits on pump.fun, your profit ranking will be among the top 4; if you earn more than $1 million in profits, your ranking will be among the top 153; and if you earn more than $100,000 in profits, your ranking will be among the top 3,336.
