ket揭曉答案輸出：標題：今年Memecoin從瘋狂投機轉向逐步進入主流文化和共識效應，引發財富大轉移

Memecoin 是 2024 年不可避免的主題，狗狗幣和柴犬等經典 Meme 幣在 2024 年平均漲幅超過 5 倍

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.

市場揭曉產出：本輪Memecoin超級週期始於2024年1月，截至12月23日，Memecoin總市值已達2,300億美元，呈現持續成長趨勢。根據 Dune 數據，自上線以來，PUMP.FUN 已部署近 500 萬枚 Memecoin，每日活躍用戶達 30 萬，每日新增位址達 17 萬。根據 DefiLlama 數據顯示，PUMP.FUN 近 30 天的協議收入高達 9,400 萬美元，累計協議收入接近 3 億美元。

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.

本輪Memecoin超級週期離不開基礎設施的不斷完善，無論是B端底層發行方式的創新，還是C端用戶體驗的優化，都為資金的快速湧入和發展提供了條件。

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.

傳統的 Memecoin 發行方式與普通代幣類似，但由於 Memecoin 屬於注意力經濟的一部分，市場熱點瞬息萬變。目前資產發行週期長、複雜；各大公鏈的使用者偏好和炒作節奏各不相同。這些因素導致市場注意力和流動性難以集中，短期內難以快速推高資產價格。

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.

今年，BOME和SLERF掀起的發幣熱潮，透過預售模式改變了發行方式，引起了市場關注。然而，頻繁的匯款活動並沒有有效解決上述問題。 PUMP.FUN的出現有效解決了這一情況，縮短了Memecoin發行週期，促進資金持續流動，用戶逐漸集中，為Memecoin超級週期的啟動奠定了基礎。

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.

PUMP.FUN由創辦人Alon於2024年1月創建，但最初粉絲很少，4月逐漸進入公眾視野。此後已發行近 500 萬枚 Memecoin，佔 Solana 每日代幣發行量的近 70%，成為 Solana 上收入最高的協議。作為Memecoin超級週期的引擎，資產發行方式的最佳化是其核心優勢。它允許用戶無需任何技術知識即可創建代幣（8月更新後，不再收取2美元的創建費用），公平的平台內籌款+合理的價格曲線（Bonding Curve）成功降低了資產發行成本並增加了資產發行成本。

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.)

而且，PUMP.FUN的成功不僅在於其創新的機制。其用戶定位和產品設計也相當出色。從用戶端來說，它解決了Web3市場中大多數人面臨的真正問題：「用戶想要以更簡單、更快、更低成本的方式獲得更高倍數的回報」。從產品端來說，是少數的具有完整業務循環的項目之一，利潤來源清晰可追溯。 （在Raydium上線之前，平台交易費為1%，在Raydium上打包過程中的「上幣費」為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.

目前，根據Dune數據，截至12月23日，PUMP.FUN自上線以來已部署近500萬個Memecoin，每日活躍用戶達30萬，每日新增位址達17萬。根據 DefiLlama 數據顯示，PUMP.FUN 近 30 天的協議收入高達 9,400 萬美元，累計協議收入接近 3 億美元。

PUMP.FUN Clones Emerge, Continuous Micro-Innovations

PUMP.FUN克隆出現，持續微創新

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.

PUMP.FUN發起了本輪Memecoin超級週期，而後續克隆的不斷出現，讓超級週期更加繁榮。

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.

資本的湧入和市場關注使得各個公鏈紛紛推出 PUMP.FUN 克隆，使 Memecoin Launchpad 成為公鏈標準的第五項。

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

各大公鏈生態系統都開始在各個層面支援Memecoin。 BSC上，Four.meme、Flap等平台透過不斷進行活動和合作吸引市場關注； Base鏈上，Ape.Store、Rug.fun、Trugly.meme等平台透過豐富的玩法吸引用戶參與；在BTC Layer 2上，也出現了許多克隆，例如LnPUMP.FUN、SatsPUMP.FUN和CPUMP.FUN。波場鏈上的Sun.pump甚至以「一己之力」帶動了整個波場鏈的「重新繁榮」。短時間內，熱錢湧入Tron鏈，導致其鏈上Gas飆升，休眠已久的TRX價格達到