The success rate of deploying meme coins issued on pumpfun to Raydium is less than 15

The success rate of deploying meme coins issued on pumpfun to Raydium is less than 15

The success rate of deploying meme coins issued on pumpfun to Raydium is less than 15

According to a report by Cointelegraph, nearly all cryptocurrencies launched on the Solana ecosystem meme coin issuance platform pump.fun have failed to list. Data from Dune Analytics shows that the success rate of tokens created on pump.fun being deployed to the DeFi protocol Raydium is only 1.41%, with the success rate consistently fluctuating between 1.21% and 1.41% since May.



Source: Dune Analytics
Pump.fun allows anyone to quickly deploy meme coins by simply providing a name, code, and JPG image, with costs even under $2, and users are not required to provide any initial funding; liquidity pool funds are raised from the community. Once a token’s market value successfully reaches $69,000, $12,000 in liquidity will be automatically deposited into Raydium and LP tokens will be burned.
Adam Cochran, a partner at Cinneamhain Ventures, commented on the community platform on Friday (the 2nd) that the “promotion rate” of coins on pump.fun has stagnated around 1.4%, and no new coins have “truly broken through” the $20 million fully diluted valuation (FDV) level, which is an indicator of the total value of a cryptocurrency under full circulation conditions, stating, “All of this indicates that we are finally clearing out the meme cycle.”
Web3 developer Bread pointed out that of the 1.58 million tokens created, only 22,300 have actually made it to Raydium.
However, other commentators argue that this success rate does not reflect the overall situation of the meme coin market. Anonymous cryptocurrency commentator Bunjil believes that pump.fun has not destroyed meme coins; it merely demonstrates how easy pump.fun has made the creation of meme coins.
Despite only a few tokens successfully launching, these tokens have brought substantial fee revenue to pump.fun, occasionally exceeding that of Ethereum. Data from DeFiLlama shows that pump.fun charged about $864,000 in fees within 24 hours, approximately 57% higher than Ethereum’s $550,000 during the same period.
Pump.fun has sparked a craze among overseas celebrities, including transgender media personality Caitlyn Jenner, American celebrity Iggy Azalea, and A-list star Jason Derulo, who have all used their images to create and promote cryptocurrencies through pump.fun since May, although most of these celebrity coins have subsequently experienced significant declines. Ethereum founder Vitalik Buterin has also publicly criticized this behavior.
Related articles: “What is Pump.fun? How to Master the Meme Narrative to Become the Most Profitable Application in the Solana Ecosystem,” “The Chaos of D-List Celebrities Issuing Coins in the U.S. Intensifies! Raising Prices to Liquidate Fans and Retail Investors,” “Ethereum Founder Vitalik Comments on the Chaos of Celebrity Coin Issuance: So Far, I Am Quite Dissatisfied”