The memecoin launchpad raked in $3.3 million over the previous seven days, placing it in second place behind Ethereum.
Pump.Enjoyable, a memecoin launchpad platform, has turn out to be the second-largest revenue-generating platform in DeFi over the past week, surpassed solely by the Ethereum community.
The platform permits customers to launch a token on Solana or Blast in minutes with no coding expertise. Throughout a Pump.Enjoyable token’s preliminary launch part, the token will commerce alongside a bonding curve throughout the platform. Upon reaching a specific market capitalization, the bonding curve liquidity is transferred to Raydium, the place the token commences buying and selling on the open market.
Regardless of main memecoins reminiscent of $WIF and $PEPE buying and selling decrease over the previous month, Pump.Enjoyable exercise has continued to pattern larger. Over 450,000 distinctive tokens have been launched on the platform since March 1, with some tokens, reminiscent of $MICHI and $SC, eclipsing the $100m market cap stage after launching at a market cap of $5,000.
Pump.Enjoyable’s ascent to one of many high earners in DeFi is indicative of the memecoin mania that has outlined 2024.
Its bonding curve mechanism acts as “un-ruggable liquidity” and permits customers to invest on microcap tokens with out the fear of a malicious developer eradicating the liquidity on a conventional token launch. This considerably improves the person expertise of high-risk, high-reward microcap buying and selling.
