ket reveals the answeroutput: title: This Year, Memecoin Transitions from Frenzied Speculation to Gradually Entering Mainstream Culture and Consensus Effects, Leading to a Great Transfer of Wealth

Memecoin is an unavoidable theme in 2024, with classic meme coins like Dogecoin and Shiba Inu averaging over 5 times their increase in 2024

the market reveals everything.output: This round of Memecoin super cycle began in January 2024, and as of December 23, the total market cap of Memecoin has reached $230 billion, showing a continuous growth trend. According to Dune data, nearly 5 million Memecoins have been deployed on PUMP.FUN since its launch, with daily active users reaching up to 300,000 and daily new addresses reaching 170,000. According to DefiLlama data, PUMP.FUN's protocol revenue in the past 30 days has reached as high as $94 million, with cumulative protocol revenue nearing $300 million.

This round of Memecoin super cycle is inseparable from the continuous improvement of infrastructure, whether it be the innovation of B-end underlying issuance methods or the optimization of C-end user experiences, both of which have provided conditions for the rapid influx of funds and the expansion of users in Memecoin.

Traditional Memecoin issuance methods are similar to ordinary tokens, but as Memecoin is part of the attention economy, market hotspots change rapidly. Currently, the asset issuance cycle is long and complex; user preferences and speculation rhythms on major public chains vary. These factors make it difficult for market attention and liquidity to concentrate, making it challenging to rapidly push up asset prices in the short term.

This year, the money-sending craze initiated by BOME and SLERF has somewhat changed the issuance method through its presale model, attracting market attention. However, frequent rug pulls in the money-sending schemes have not effectively resolved the aforementioned issues. The emergence of PUMP.FUN has effectively addressed this situation, shortening the Memecoin issuance cycle, facilitating continuous capital flow, and gradually concentrating users, laying the foundation for the start of the Memecoin super cycle.

PUMP.FUN was created by founder Alon in January 2024, but initially had few followers, gradually entering the public eye in April. It has since issued nearly 5 million Memecoins, accounting for nearly 70% of Solana's daily token issuance, becoming the highest-earning protocol on Solana. As the engine of the Memecoin super cycle, the optimization of asset issuance methods is its core advantage. It allows users to create tokens without any technical knowledge (after the August update, there is no longer a $2 creation fee), and the fair in-platform fundraising + reasonable price curve (Bonding Curve) successfully reduces the cost of asset issuance and increases the speed of asset issuance, effectively addressing the current market's rapid conversion of Memecoin hotspots and the difficulty of concentrating speculative funds.

Moreover, the success of PUMP.FUN lies not only in its innovative mechanism. Its user positioning and product design are also quite excellent. From the user side, it addresses the real problem faced by most people in the Web3 market: "Users want a simpler, faster, and lower-cost way to obtain higher multiples of returns." From the product side, it is one of the few projects with a complete business loop, with clear and traceable profit sources. (Before launching on Raydium, the platform's trading fee was 1%, and the "listing fee" during the packaging process on Raydium was 6 SOL.)

Currently, according to Dune data, as of December 23, PUMP.FUN has deployed nearly 5 million Memecoins since its launch, with daily active users reaching up to 300,000 and daily new addresses reaching 170,000. According to DefiLlama data, PUMP.FUN's protocol revenue in the past 30 days has reached as high as $94 million, with cumulative protocol revenue nearing $300 million.

PUMP.FUN Clones Emerge, Continuous Micro-Innovations

PUMP.FUN has initiated this round of Memecoin super cycle, and the subsequent continuous emergence of clones has made the super cycle even more prosperous.

The influx of capital and market attention has led various public chains to launch PUMP.FUN clones, making Memecoin Launchpad a standard fifth item for public chains.

Major public chain ecosystems are beginning to support Memecoin at various levels. On BSC, platforms like Four.meme and Flap attract market attention by continuously launching activities and collaborations; on the Base chain, platforms like Ape.Store, Rug.fun, and Trugly.meme attract user participation through various gameplay; on BTC Layer 2, many clones have also emerged, such as LnPUMP.FUN, SatsPUMP.FUN, and CPUMP.FUN. The Sun.pump on the Tron chain has even driven the "renewed prosperity" of the entire Tron chain by "its own strength." In a short time, hot money surged into the Tron chain, causing its on-chain Gas to soar, and the long-dormant TRX price reached