加密发电机的演变：从pumpfun到clanker和Sunpump

在2025年的加密货币景观中，代币的创建令人眼花dmain乱：Pumpfun，Four Four Meme和Sunpump等新的Launchpads已彻底改变了该行业

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年不断变化的加密景观中，代币的创建达到了令人震惊的数字，新的发射台（如Pumpfun，Four Four Meme和Sunpump）进行了简化，加快加速并使发行易于访问。

An Overview of Token Launchpads in 2025

代币启动板的概述，于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年之间，可用的加密货币少于17,000，今天（2025年3月）超过4000万，由Solana，Base，BNB链和Tron驱动。指数增长。

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.

但是这种过渡怎么可能？通过到达新的启动工具，这些工具降低了成本并使任何人都可以访问该过程：所谓的代币启动板。

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.

在最相关的情况下，我们发现Pumpfun，四个模因，Clanker，Zora和Sunpump。每个人都有自己的特征，但通过加速成人和高挥发性令牌的能力结合在一起。

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于2024年初由孵化器联盟DAO推出，已将Solana转变为代币经济的跳动心脏。由于该发射台，超过75％的全球令牌是在该网络上托管的，这使得在短短一年内创建超过1300万个令牌就成为可能。

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的秘诀在于其内部池交易模型具有粘结曲线：代币价格根据平台内的需求和供应实时调整。当代币达到69,000美元的资本化时，它会转移到外部DEX（最初是Raydium，现在是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，泵送的引入消除了迁移成本，从而使流动性管理更有效，并获得了奖励代币创作者，并获得了一定份额的利润。

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

四个模因：BNB链，Clanker和Bankr的回归

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链的背景下，四个模因代表了复制Pumpfun模型的最成功尝试。该发射台出生于Binaryx的专家团队，并由Binance（他积极参与CZ和YI）间接支持，这款发射台在多年的衰落后将注意力重新引起了BNB连锁店的注意力。

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.

从2024年下半年到今天，有四个模因启动了77,000多个令牌。该机制与竞争对手的机制相似。内部交易系统，一旦达到大约24亿美元的资本，迁移到dex（在本例中为pancakeswap），而创建费为零。与Pumpfun相比，该平台接受更广泛的交换资产，而BNB是主要货币。

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.

得益于与BNB连锁链本身的合作，四个模因已设法成为主要的发射台，留下了诸如Spring Board，Grafun和Floki之类的替代方案。

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.

在区块链基础上，主角属于Clanker及其扩展Bankr。与以前的clanker不同，Clanker源自Farcaster上的机器人，一个分散的社交网络：用户只需提及@Clanker即可创建令牌。随后，Bankr将此功能带到了Twitter/X，还利用Grok的L'Inctionalza Artificiale来自动化创作。

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不预见内部交易：将令牌放置在单方面流动性的Uniswap V3上，总供应量锁定在智能合约中。该系统将佣金（每笔交易1％）部分分配给创作者（40％），部分分配给团队（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每天已经创建了超过167,000个代币，并且每天达到10,000个新令牌的峰值，成为那些希望在几秒钟内通过社交媒体生成代币的人的主要发射台。

Zora: from NFT culture to meme token and SunPump

Zora：从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.

另一个象征性的情况是佐拉。它最初是一个专注于创造者经济的NFT平台，最近通过在基地上推出了Memecoin的发射台，从而改变了其任务。

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

该操作以帖子的出版物为中心：每个内容都会自动生成ERC-20令牌，固定供应10亿。

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.

交易涉及总费用为2％，在流动性池和平台之间平均分配。创作者不仅在Zora内的买卖过程中赚钱，而且还通过UNISWAP池产生的费用。人们对气光台的期待以及基本生态系统的重要建筑商的参与使佐拉迅速成为Clanker的有效替代方案，尽管它已经因偏离其原始使命和使其著名的艺术根源而受到批评。

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.

最终，Tron Network看到了Sunpump的诞生，Sunpump是由Justin Sun团队支持的发射台。该机制与Pumpfun和四个模因的机制非常相似，但适应了Tron上下文。

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

该平台于2024年8月推出，已经收集了灰尘，并创建了95,000多个令牌和