The recent surge of @sunpumpmeme has driven massive attention to the the @pumpdotfun model again.

Our team has performed a comparative analysis for these two leading players in the memecoin launchpad space. Let's dive in below 🧵

The recent surge of @sunpumpmeme has driven massive attention to the the @pumpdotfun model again.

Our team has performed a comparative analysis for these two leading players in the memecoin launchpad space. Let's dive in below 🧵 

2/ Ecosystems

The rise of memecoin launchpads started when Pump.fun launched on @solana, which is known for active memecoin trading activities.

On Aug 9, SunPump launched on @trondao. Since then, the Tron network has been receiving more community discussions.

The rise of memecoin launchpads started when Pump.fun launched on @solana, which is known for active memecoin trading activities. 

On Aug 9, SunPump launched on @trondao. Since then, the Tron network has been receiving more community discussions.

3/ Bonding Curve Mechanism

Pump.fun and SunPump both apply the bonding curve model.

When enough people buy on the bonding curve and the market cap hits $69k, $12k of liquidity will be deposited into @RaydiumProtocol / @finance_sunswap and burned.

Pump.fun and SunPump both apply the bonding curve model. 

When enough people buy on the bonding curve and the market cap hits $69k, $12k of liquidity will be deposited into @RaydiumProtocol / @finance_sunswap and burned.

4/ DEX Conversion Rate

The DEX conversion rates of both Pump.fun and SunPump have been very low - 1.4% and 2.1% respectively.

Although it is now easier for people to launch memecoins, running a successful memecoin community and getting listed on a DEX on DEX are the hardest.

The DEX conversion rates of both Pump.fun and SunPump have been very low - 1.4% and 2.1% respectively.

Although it is now easier for people to launch memecoins, running a successful memecoin community and getting listed on a DEX on DEX are the hardest.

5/ Tokens Deployed & Revenue

8 months post-launch, Pump.fun attracted 1.9mm total token deployed and $105mm revenue.

While SunPump recently launched, their daily token deployed and revenue are increasing and catching up with Pump.fun.

8 months post-launch, Pump.fun attracted 1.9mm total token deployed and $105mm revenue. 

While SunPump recently launched, their daily token deployed and revenue are increasing and catching up with Pump.fun.

6/ Creation Fees

Pump.fun initially charged creators for ~$2.6 (0.02 SOL), which is around the same for SunPump.

But on SunPump's launch date, Pump.fun announced the elimination of creation fees. Instead, this cost is paid by the token's first buyer.

Pump.fun initially charged creators for ~$2.6 (0.02 SOL), which is around the same for SunPump.

But on SunPump's launch date, Pump.fun announced the elimination of creation fees. Instead, this cost is paid by the token's first buyer.

7/ Market Landscape

The memecoin launchpad space is becoming more competitive.

Apart from Pump.fun and SunPump, there are several memecoin launchpads that are also worth noting, such as @JupiterExchange LFG, @memeisgame, @ethervista, @WeRich_, @ticketdotfans.

The memecoin launchpad space is becoming more competitive. 

Apart from Pump.fun and SunPump, there are several memecoin launchpads that are also worth noting, such as @JupiterExchange LFG, @memeisgame, @ethervista, @WeRich_, @ticketdotfans.

8/ Multi-chain Pump.fun Model

Apart from Solana (Pump.fun) and Tron (SunPump), it's also worth looking into launchpads on other chains like @ethereum, @ton_blockchain, @base, @BNBCHAIN. Multi-chain launchpads could also be interesting to explore.

Apart from Solana (Pump.fun) and Tron (SunPump), it's also worth looking into launchpads on other chains like @ethereum, @ton_blockchain, @base, @BNBCHAIN. Multi-chain launchpads could also be interesting to explore.

9/ NFA + DYOR

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