当前情况：泵。投资收入急剧下降

来自Defillama的数据表明，泵。Fun的24小时费用已降至110美元

Current Situation: Pump.fun Revenue Drops Sharply

当前情况：泵。投资收入急剧下降

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的数据表明，Pump.Fun的24小时费用已降至110,726美元，从2025年1月的峰值下降了1550万美元的峰值。尽管Sol的价格仍然很高（截至2025年3月10日），但这种下降仍会下降（截至2025年3月10日），这表明该问题在Memecoin Market of Solana上。

Source: Dune

资料来源：沙丘

Source: MessariReasons Behind Pump.fun’s Revenue Decline

资料来源：Pump.Fun的收入下降背后的Messarir季节

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.

据无班）报道，索拉纳区块链上的Memecoin Launchpad Pump.Fun的收入急剧下降。该平台于2024年初因其易于创建和最少的费用而闻名，现在的收入降低了。

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.

根据Defillama的说法，Pump.Fun的24小时费用已降至110,726美元，与CoinMarketCap指出的那样，与2025年1月24日达到的历史最高点1550万美元形成鲜明对比。

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.

据Binance称，尽管有所下降，但萨尔的价格仍然相对较高，截至3月10日，截至25美元。这表明该问题可能与SOL的估值无关，而与Solana链上的Memecoin活动的减少有关。

Several key factors contribute to this decline:

几个关键因素导致了这种下降：

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

*法律和监管挑战：在《财富》杂志的一份报告之后，该报告揭示了泵。

* 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.

*代码安全漏洞：根据2025年3月的报告，黑客通过利用DEFI协议中的漏洞来偷走了至少280万美元的加密货币。

* 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.

*争议和声誉损害：Pump.Fun在其直播功能上面临强烈反对，用户从事极端行为，例如自杀威胁，暴力和非法行动来促进令牌。

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

*市场饱和度和投资者疲劳：Solana上的M​​emecoin市场可能达到饱和，导致投资者的兴趣下降。

* 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.

*对Solana的炒作下降：Solana的生态系统曾以其“ Degen”文化而闻名，可能会失去其吸引力，因为投资者转向BNB链等其他连锁店。

Future Outlook and Comparison with BNB Chain

未来的前景和与BNB链的比较

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连锁店目前正在经历增长，申请收入在2025年2月达到1650万美元，而Solana的收入下降了50％以上（根据Cointelegraph的X Post）。 FORT。在BNB连锁店上的最典型是一个成功的例子，尽管泵可能会考虑扩大，但没有正式的公告。

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.

根据ChainCatcher的说法，Memecoins在2024年的平均回报率为 +1300％，这表明他们在市场波动中的吸引力很大。

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.

在看跌的市场状况下，当比特币和以太坊价值下降时，由于其病毒性质和快速的利润潜力，可能会成为一种替代投资选择。

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，尽管有市场低迷的迹象，但在线社区和埃隆·马斯克（Elon Musk）等有影响力的人推动了大量成长。

Comparing BNB Chain and Solana Performance

比较BNB链和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链正在经历一个显着增长的时期，尤其是在DAPP和MEMECOIN部门中。根据Cointelegraph的报道，BNB Chain的申请收入在2025年2月达到1650万美元，表明交易活动和流动性增加。

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，索拉纳（Solana）以前是Pump.Fun的最高成人平台，正面临收入下降。来自Defillama的数据显示，由于DAPP活动的降低，尤其是在Memecoins中，可能会下降超过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.

这种流动性的转变凸显了BNB连锁店的扩展生态系统，与Solana的生态系统相比，这似乎吸引了更多的Memecoin投资者和项目，而Solana的生态系统正在经历用户活动和流动性的下降。

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

pump.fun的争议和四人的机会

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是一个基于Solana的Memecoin发射平台，一直是Crypto Sphere中加热讨论的主题。该平台在2024年初引起了人们的关注，因其易于创建和最少的费用而面临批评，导致了大量的骗局和欺诈令。

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.

根据解密的说法，Pump.Fun促进了超过500万个令牌的创建，其进入障碍较低，使其成为恶意演员的温床。此外，当用户从事极端行为以促进令牌时，Pump.Fun的直播功能集成引发了争议。

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

据无岸说，彩带诉诸于自杀威胁，暴力，甚至是从公墓窃取祖母的骨灰以产生的行为