AI Agent, meme platform, Web3 social are all gathered in one, will clanker surpass pump.fun?
Author: Joe, Foresight News
What is clanker? A social meme issuance platform, an AI Agent, a meme.
In November, the Base ecosystem ushered in a new round of explosion, which has lasted for at least three weeks, and clanker is one of the most critical links. As of November 26, 2024, the market value of the first meme CLANKER issued by clanker has reached $70 million.
From November 8, 2024 to the present, at least three meme coins with a market value of over $10 million have been born on clanker: LUM ($33 million), ANON ($46 million), CLANKER ($70 million), and they are still in an upward trend.
Among them, the related product behind ANON - anoncast, uses the ZK anonymous posting function, and Ethereum founder Vitalik mentioned anoncast four times on Warpcast in a week and discussed with engineers how to make this product better, Vitalik himself also actively purchased the ANON token on November 21 to experience the anoncast product, the market believes this is the first time Vitalik has actively purchased a meme coin in recent years.
And the birth of these memes is inseparable from the help of clanker. clanker is becoming the "hit meme" manufacturer on the Base ecosystem.
So, will it continue to create new "hit memes"? What is its significance for Farcaster, Base and even Ethereum?
clanker, launched three "hit memes" worth tens of millions of dollars
clanker is an AI agent, this AI agent was developed by Farcaster's full-stack engineer Jack Dishman and the founder of the Farcaster ecosystem development @proxystudio.eth, mainly used for automated deployment of tokens on the Base network.
As of November 26, 2024, in just two weeks, clanker has issued a total of 3,500 tokens and generated $4.2 million in revenue.
Unlike pump.fun, the way clanker issues memes is on the Web3 social platform Farcaster.
Users only need to @clanker, and then use words to describe the name, content or even pictures of the token they want to issue, and clanker will automatically deploy the token. Among them, the token LUM deployed by clanker is a classic case.
The birth of LUM was a token co-issued by two AI agents, aethernet and clanker. A Farcaster user named naaate asked the AI agent aethernet of the Higher community to help him issue a token, and aethernet, as an AI, let another AI - clanker issue the token. This marks a milestone event in the collaboration between AI and AI to issue tokens.
Two AIs are conversing, successfully issuing a token LUM
The birth of LUM and its reaching a market value of tens of millions of dollars in just a few days has also brought clanker into the vision of Base community members.
And the other token issued by clanker, ANON, has taken clanker out of the community and let more people know about the clanker product.
Twitter user @0xLuo said: "The ANON token was deployed by clanker for the anonymous posting account Superanon in the Farcaster third-party client Supercast, and later many users airdropped $ANON to Supercast founder woj, and woj then airdropped the obtained $ANON to Supercast users, which received a lot of praise and also enhanced the community recognition."
"Later, builders also started to build an application ecosystem around the ANON token, the most out-of-circle one being the anonymous posting project anoncast.org, which requires holding a certain amount of ANON to post."
Source: @0xLuo
And the anonymous posting function of anoncast using zk technology has attracted Vitalik's attention. Vitalik posted four related content about anoncast on Warpcast in a week, and also purchased the ANON token, which further broke the circle of ANON. The market value of ANON has also stabilized at around $40 million.
The success of LUM and ANON has made people aware of the value of clanker as a platform for "hit meme manufacturing". As of today, the market value of the CLANKER token has surpassed LUM and ANON, reaching $70 million.
Gathering the three major elements, will clanker surpass pump.fun?
Combining AI Agent, meme platform, and Web3 social three major elements, will clanker surpass pump.fun?
This cycle, the Meme track has been "monopolized" by Solana, which is inseparable from the success of pump.fun.
pump.fun (Data source: Dune)
From March 2024 to the present, pump.fun has created 3.79 million memes for Solana and obtained 1.45 million SOL, about $360 million in revenue. pump.fun has thus become the fastest Web3 application in the history of the crypto industry to reach $100 million in revenue. The success of pump.fun has directly channeled massive funds and user traffic into Solana, greatly promoting the development of Solana.
In contrast, apart from Degen appearing on Base, there are no other major out-of-circle memes on the Ethereum system's various L2s. However, the Ethereum system has not given up on the meme track. Base is being entrusted by the Ethereum community with the hope of competing directly with Solana.
And clanker may be the pump.fun in the Base ecosystem. But clanker is different from pump.fun.
First, clanker is a product created by the engineers of the Web3 social protocol Farcaster, an AI Agent built on top of Farcaster for automated token deployment. Clanker naturally has the attribute of Web3 social. The user's behavior of creating tokens is also done on Farcaster.
Secondly, as a meme platform, clanker's transaction fee and revenue sharing model is different from the traditional pump.fun.
Clanker's transaction fee model is relatively transparent and fair, clanker does not charge a creation fee when issuing tokens, but will extract fees from the transactions. Specifically, clanker creates and locks a full-range Uniswap v3 liquidity pool (LP), with a transaction fee of 1%, of which 40% of the fee is allocated to the requestor (i.e. those who issue tokens through clanker), and 60% goes to clanker. While on pump.fun, users can create tokens at a very low fee, usually 0.02 SOL, but the transaction fee is 1%, and this fee is entirely owned by the pump.fun platform operator for maintaining the platform's operations and providing liquidity.
Finally, clanker is more focused on the integration with AI technology, actively trying to combine AI Agent with products in various ways. This is also related to the strong engineering and technical atmosphere of the entire Coinbase group, Base ecosystem, and Farcaster ecosystem.
Base, creating a new trend of "application-based memes"
Unlike Solana's "purely gambling memes", Base is creating a new trend of "application-based memes". And the emergence of clanker represents that Base has connected this entirely new ecosystem loop.
From Degen, to Higher, LUNA, Aethernet, LUM, CLANKER, the "application-based memes" in Base are becoming more and more, with more and more obvious characteristics, gradually becoming a trend, style and culture.
The "application-based memes" in Base are divided into two types, one is meme as application, and the other is application as meme. The representatives of the first type are: Degen, Higher (Aethernet); the representatives of the second type are: Farcaster, Virtuals (LUNA), clanker (LUM).
The core members of Base and Farcaster also encourage developers in the ecosystem to issue memes while building applications, and even the engineers themselves create products and immediately issue them as memes.
Under the competitive pressure of Solana memes attracting a large amount of capital and traffic, the "application-based memes" created and initially systematized by Base may be a good way for the Ethereum system to break through the siege, after all, even if the technology and ideas are good, without the support of a large amount of capital and users, it is impossible to develop sustainably.
Whether it is Polymarket or Farcaster, they have this feature of combining the development of truly meaningful applications and gambling elements, attracting both true believers and users, as well as gamblers and traders who account for a not low proportion in the crypto industry.
