當前情況：泵。投資收入急劇下降

來自Defillama的數據表明，泵。Fun的24小時費用已降至110美元

Current Situation: Pump.fun Revenue Drops Sharply

當前情況：泵。投資收入急劇下降

Data from DefiLlama shows that Pump.fun’s 24-hour fees have dropped to just $110,726, a significant decline from its peak of $15.5 million in January 2025. This decline occurs despite SOL’s price remaining high ($203.86 as of March 10, 2025), indicating that the issue lies within the memecoin market on Solana.

Defillama的數據表明，Pump.Fun的24小時費用已降至110,726美元，從2025年1月的峰值下降了1550萬美元的峰值。儘管Sol的價格仍然很高（截至2025年3月10日），但這種下降仍會下降（截至2025年3月10日），這表明該問題在Memecoin Market of Solana上。

Source: Dune

資料來源：沙丘

Source: MessariReasons Behind Pump.fun’s Revenue Decline

資料來源：Pump.Fun的收入下降背後的Messarir季節

As reported by Bankless, Pump.fun, a memecoin launchpad on the Solana blockchain, has seen a sharp decrease in revenue. The platform, which rose to fame in early 2024 for its ease of token creation and minimal fees, is now generating significantly less income.

據無班）報導，索拉納區塊鏈上的Memecoin Launchpad Pump.Fun的收入急劇下降。該平台於2024年初因其易於創建和最少的費用而聞名，現在的收入降低了。

According to DefiLlama, Pump.fun's 24-hour fees have fallen to $110,726, a stark contrast to the all-time high of $15.5 million reached on January 24, 2025, as noted by CoinMarketCap.

根據Defillama的說法，Pump.Fun的24小時費用已降至110,726美元，與CoinMarketCap指出的那樣，與2025年1月24日達到的歷史最高點1550萬美元形成鮮明對比。

Despite the decline, SOL's price remains relatively strong at $203.86 as of March 10, 25, according to Binance. This suggests that the issue might not be related to SOL's valuation but rather to a decrease in memecoin activity on the Solana chain.

據Binance稱，儘管有所下降，但薩爾的價格仍然相對較高，截至3月10日，截至25美元。這表明該問題可能與SOL的估值無關，而與Solana鏈上的Memecoin活動的減少有關。

Several key factors contribute to this decline:

幾個關鍵因素導致了這種下降：

* Legal and Regulatory Challenges: Following a report by Fortune, which unveiled Pump.fun's involvement in fraudulent activity, regulatory scrutiny has increased.

*法律和監管挑戰：在《財富》雜誌的一份報告之後，該報告揭示了泵。

* Code Security Breaches: According to reports from March 2025, hackers stole at least $2.8 million in cryptocurrency by exploiting a vulnerability in the DeFi protocol.

*代碼安全漏洞：根據2025年3月的報告，黑客通過利用DEFI協議中的漏洞來偷走了至少280萬美元的加密貨幣。

* Controversies and Reputation Damage: Pump.fun faced backlash over its livestream feature, where users engaged in extreme behavior like suicide threats, violence, and illegal actions to promote tokens.

*爭議和聲譽損害：Pump.Fun在其直播功能上面臨強烈反對，用戶從事極端行為，例如自殺威脅，暴力和非法行動來促進令牌。

* Market Saturation and Investor Fatigue: The memecoin market on Solana might be reaching saturation, leading to decreased interest from investors.

*市場飽和度和投資者疲勞：Solana上的M​​emecoin市場可能達到飽和，導致投資者的興趣下降。

* Declining Hype on Solana: Solana's ecosystem, once known for its "degen" culture, may be losing its appeal as investors shift to other chains like BNB Chain.

*對Solana的炒作下降：Solana的生態系統曾以其“ Degen”文化而聞名，可能會失去其吸引力，因為投資者轉向BNB鍊等其他連鎖店。

Future Outlook and Comparison with BNB Chain

未來的前景和與BNB鏈的比較

BNB Chain is currently experiencing growth, with application revenue reaching $16.5 million in February 2025, while Solana's revenue has declined by more than 50% (according to Cointelegraph’s X post). Four.meme on BNB Chain serves as a successful example, and while Pump.fun may consider expanding, there has been no official announcement.

BNB連鎖店目前正在經歷增長，申請收入在2025年2月達到1650萬美元，而Solana的收入下降了50％以上（根據Cointelegraph的X Post）。 FORT。在BNB連鎖店上的最典型是一個成功的例子，儘管泵可能會考慮擴大，但沒有正式的公告。

Example: $Broccoli, $Grok, $Blub

示例：$ baroccoli，$ grok，$ blub

According to ChainCatcher, memecoins achieved an average return of +1300% in 2024, demonstrating their strong appeal amid market volatility.

根據ChainCatcher的說法，Memecoins在2024年的平均回報率為 +1300％，這表明他們在市場波動中的吸引力很大。

During bearish market conditions, when Bitcoin and Ethereum decline in value, memecoins can emerge as an alternative investment option due to their viral nature and rapid profit potential.

在看跌的市場狀況下，當比特幣和以太坊價值下降時，由於其病毒性質和快速的利潤潛力，可能會成為一種替代投資選擇。

For instance, in 2021, despite signs of market downturns, memecoins experienced massive growth, fueled by online communities and influencers like Elon Musk.

例如，在2021年，儘管有市場低迷的跡象，但在線社區和埃隆·馬斯克（Elon Musk）等有影響力的人推動了大量成長。

Comparing BNB Chain and Solana Performance

比較BNB鍊和Solana性能

BNB Chain is undergoing a period of significant growth, especially in the dApp and memecoin sectors. As reported by Cointelegraph, BNB Chain's application revenue reached $16.5 million in February 2025, indicating increased trading activity and liquidity.

BNB鏈正在經歷一個顯著增長的時期，尤其是在DAPP和MEMECOIN部門中。根據Cointelegraph的報導，BNB Chain的申請收入在2025年2月達到1650萬美元，表明交易活動和流動性增加。

On the other hand, Solana, which was previously the top memecoin platform thanks to Pump.fun, is facing a decline in revenue. Data from DefiLlama shows a drop of over 50%, potentially due to decreased dApp activity, particularly in memecoins.

另一方面，索拉納（Solana）以前是Pump.Fun的最高成人平台，正面臨收入下降。來自Defillama的數據顯示，由於DAPP活動的降低，尤其是在Memecoins中，可能會下降超過50％。

This shift in liquidity highlights BNB Chain's expanding ecosystem, which seems to be attracting more memecoin investors and projects, in contrast to Solana's ecosystem, which is experiencing a decrease in user activity and liquidity.

這種流動性的轉變凸顯了BNB連鎖店的擴展生態系統，與Solana的生態系統相比，這似乎吸引了更多的Memecoin投資者和項目，而Solana的生態系統正在經歷用戶活動和流動性的下降。

Pump.fun’s Controversy and Four.meme’s Opportunity

pump.fun的爭議和四人的機會

Pump.fun, a Solana-based memecoin launch platform, has been a subject of heated discussion in the crypto sphere. The platform, which rose to prominence in early 2024, faced criticism for its ease of token creation and minimal fees, leading to an influx of scam and fraudulent tokens.

Pump.Fun是一個基於Solana的Memecoin發射平台，一直是Crypto Sphere中加熱討論的主題。該平台在2024年初引起了人們的關注，因其易於創建和最少的費用而面臨批評，導致了大量的騙局和欺詐令。

According to Decrypt, Pump.fun facilitated the creation of over 5 million tokens, and its low barrier to entry made it a hotbed for malicious actors. Moreover, Pump.fun's integration of a livestream feature sparked controversy as users engaged in extreme behavior to promote tokens.

根據解密的說法，Pump.Fun促進了超過500萬個令牌的創建，其進入障礙較低，使其成為惡意演員的溫床。此外，當用戶從事極端行為以促進令牌時，Pump.Fun的直播功能集成引發了爭議。

According to Bankless, streamers resorted to suicide threats, violence, and even actions like stealing a grandmother's ashes from a cemetery to generate

據無岸說，彩帶訴諸於自殺威脅，暴力，甚至是從公墓竊取祖母的骨灰以產生的行為