加密發電機的演變：從pumpfun到clanker和Sunpump

在2025年的加密貨幣景觀中，代幣的創建令人眼花dmain亂：Pumpfun，Four Four Meme和Sunpump等新的Launchpads已徹底改變了該行業

In the ever-evolving crypto landscape of 2025, the creation of tokens has reached dizzying numbers, with new launchpads like PumpFun, Four Meme, and SunPump simplifying, speeding up, and making issuance accessible.

在2025年不斷變化的加密景觀中，代幣的創建達到了令人震驚的數字，新的發射台（如Pumpfun，Four Four Meme和Sunpump）進行了簡化，加快加速並使發行易於訪問。

An Overview of Token Launchpads in 2025

代幣啟動板的概述，於2025年

If between 2017 and 2018 the available cryptos were less than 17,000, today – in March 2025 – they exceed 40 million, driven by Solana, Base, BNB Chain, and Tron. An exponential growth.

如果在2017年至2018年之間，可用的加密貨幣少於17,000，今天（2025年3月）超過4000萬，由Solana，Base，BNB鍊和Tron驅動。指數增長。

But how was this transition possible? Through the arrival of new launch tools that have reduced costs and made the process accessible to anyone: the so-called token launchpad.

但是這種過渡怎麼可能？通過到達新的啟動工具，這些工具降低了成本並使任何人都可以訪問該過程：所謂的代幣啟動板。

Among the most relevant, we find PumpFun, Four Meme, Clanker, Zora, and SunPump. Each with its own characteristics, but united by the ability to accelerate the launch of memecoins and high-volatility tokens.

在最相關的情況下，我們發現Pumpfun，四個模因，Clanker，Zora和Sunpump。每個人都有自己的特徵，但通過加速成人和高揮發性令牌的能力結合在一起。

Launched at the beginning of 2024 by the incubator Alliance DAO, PumpFun has transformed Solana into the beating heart of the token economy. More than 75% of global tokens are hosted on this network thanks to this launchpad, which has made it possible to create over 13 million tokens in just one year.

Pumpfun於2024年初由孵化器聯盟DAO推出，已將Solana轉變為代幣經濟的跳動心臟。由於該發射台，超過75％的全球令牌是在該網絡上託管的，這使得在短短一年內創建超過1300萬個令牌就成為可能。

The secret of PumpFun lies in its internal pool trading model with a bonding curve: token prices adjust in real-time based on demand and supply within the platform. When a token reaches a capitalization of $69,000, it is transferred to an external DEX (initially Raydium, now PumpSwap).

Pumpfun的秘訣在於其內部池交易模型具有粘結曲線：代幣價格根據平台內的需求和供應實時調整。當代幣達到69,000美元的資本化時，它會轉移到外部DEX（最初是Raydium，現在是Pumpswap）。

Furthermore, the introduction of PumpSwap has eliminated migration costs, allowing for more efficient liquidity management and rewarding token creators with a share of the profits.

此外，泵送的引入消除了遷移成本，從而使流動性管理更有效，並獲得了獎勵代幣創作者，並獲得了一定份額的利潤。

Four Memes: the return of BNB Chain, Clanker and Bankr

四個模因：BNB鏈，Clanker和Bankr的回歸

In the context of BNB Chain, Four Meme represents the most successful attempt to replicate the PumpFun model. Born from the expert team of BinaryX and indirectly supported by Binance – with CZ and Yi He actively involved – this launchpad has brought attention back to BNB Chain after years of decline.

在BNB鏈的背景下，四個模因代表了複製Pumpfun模型的最成功嘗試。該發射台出生於Binaryx的專家團隊，並由Binance（他積極參與CZ和YI）間接支持，這款發射台在多年的衰落後將注意力重新引起了BNB連鎖店的注意力。

From the second half of 2024 to today, Four Meme has launched over 77,000 tokens. The mechanism is similar to that of its competitor. An internal trading system, migration to DEX (in this case PancakeSwap) once a capitalization of approximately 24 BNB is reached, and a zero creation fee. The platform accepts a wider range of exchange assets compared to PumpFun, with BNB as the main currency.

從2024年下半年到今天，有四個模因啟動了77,000多個令牌。該機制與競爭對手的機制相似。內部交易系統，一旦達到大約24億美元的資本，遷移到dex（在本例中為pancakeswap），而創建費為零。與Pumpfun相比，該平台接受更廣泛的交換資產，而BNB是主要貨幣。

Thanks to collaborations with BNB Chain itself, Four Meme has managed to emerge as the dominant launchpad, leaving behind alternatives like Spring Board, GraFun, and Floki.

得益於與BNB連鎖鏈本身的合作，四個模因已設法成為主要的發射台，留下了諸如Spring Board，Grafun和Floki之類的替代方案。

On the blockchain Base, the protagonism belongs to Clanker and its extension Bankr. Unlike the previous ones, Clanker originates as a bot on Farcaster, a decentralized social network: users can create tokens simply by mentioning @clanker. Subsequently, Bankr brought this functionality to Twitter/X, also leveraging l’intelligenza artificiale of Grok to automate the creation.

在區塊鏈基礎上，主角屬於Clanker及其擴展Bankr。與以前的clanker不同，Clanker源自Farcaster上的機器人，一個分散的社交網絡：用戶只需提及@Clanker即可創建令牌。隨後，Bankr將此功能帶到了Twitter/X，還利用Grok的L'Inctionalza Artificiale來自動化創作。

Clanker does not foresee internal trading: the tokens are placed on Uniswap V3 with unilateral liquidity, and the total supply is locked in smart contracts. The system distributes the commissions (1% per transaction) partly to the creators (40%) and partly to the team (60%).

Clanker不預見內部交易：將令牌放置在單方面流動性的Uniswap V3上，總供應量鎖定在智能合約中。該系統將佣金（每筆交易1％）部分分配給創作者（40％），部分分配給團隊（60％）。

With over 167,000 tokens already created and a peak of 10,000 new tokens per day in March 2025, Clanker and Bankr have established themselves as the main launchpads for those who want to generate tokens via social media in a few seconds.

2025年3月，Clanker和Bankr每天已經創建了超過167,000個代幣，並且每天達到10,000個新令牌的峰值，成為那些希望在幾秒鐘內通過社交媒體生成代幣的人的主要發射台。

Zora: from NFT culture to meme token and SunPump

Zora：從NFT文化到模因令牌和Sunpump

Another emblematic case is that of Zora. Originally a NFT platform focused on the creator economy, it has recently shifted its mission by launching a launchpad for memecoin on Base.

另一個像徵性的情況是佐拉。它最初是一個專注於創造者經濟的NFT平台，最近通過在基地上推出了Memecoin的發射台，從而改變了其任務。

The operation is centered on the publication of posts: each content automatically generates an ERC-20 token with a fixed supply of 1 billion.

該操作以帖子的出版物為中心：每個內容都會自動生成ERC-20令牌，固定供應10億。

Transactions involve a total fee of 2%, equally divided between liquidity pool and platform. Creators earn not only during buying and selling within Zora, but also through the fees generated by Uniswap pools. Anticipation of an airdrop and the involvement of important builders of the Base ecosystem have led Zora to quickly become a valid alternative to Clanker, although it is already subject to criticism for deviating from its original mission and the artistic roots that made it famous.

交易涉及總費用為2％，在流動性池和平台之間平均分配。創作者不僅在Zora內的買賣過程中賺錢，而且還通過UNISWAP池產生的費用。人們對氣光台的期待以及基本生態系統的重要建築商的參與使佐拉迅速成為Clanker的有效替代方案，儘管它已經因偏離其原始使命和使其著名的藝術根源而受到批評。

Finally, the Tron network saw the birth of SunPump, a launchpad supported by the team of Justin Sun. The mechanism closely resembles that of PumpFun and Four Meme, but adapted to the Tron context.

最終，Tron Network看到了Sunpump的誕生，Sunpump是由Justin Sun團隊支持的發射台。該機制與Pumpfun和四個模因的機制非常相似，但適應了Tron上下文。

Launched in August 2024, the platform has already collected dust with over 95,000 tokens created and

該平台於2024年8月推出，已經收集了灰塵，並創建了95,000多個令牌和