English
Tiếng Việt
1. What is Pump.Fun?
Pump.Fun is a recently developed platform intended for the creation and exchange of memecoins. Initially, it was launched for tokens operating on the Solana network, but later expanded its support to the Blast ecosystem.
Pump.Fun facilitates quick deployment of memecoins by offering options to provide names, tickers, and JPG images at an approximate cost of $3.
2. Key Features of Pump.Fun
Pump.Fun capitalizes on the swift transaction processing and economical transaction costs provided by the Solana network. Recently, it has expanded its support to include the Blast network, widening its accessibility across diverse cryptocurrency communities.
Pump.Fun empowers users to swiftly create and launch memecoins that are immediately tradable. There's no need to wait for liquidity accumulation or undergo assessment and application procedures; users can seamlessly create and engage in trading.
The cost of creating a memecoin on Pump.Fun is merely 0.02 SOL, ensuring that token launches are accessible and budget-friendly.
A noteworthy aspect of Pump.Fun is its rug-pull protection mechanism, which ensures that each token launched on their platform undergoes a fair launch process.
As per data from DeFiLlama, Pump.Fun currently holds the 11th position, drawing $807,053 in transaction fees within the last 24 hours, marking the highest recorded figure for the protocol. This surge in user engagement has resulted in a substantial increase in trading volume within a short span.
3. Operation of Pump.Fun
Pump.Fun allows users to swiftly create memecoins or shitcoins with ease. This process involves selecting appealing names and images. These tokens are immediately available for trading upon creation.
Users can directly earn profits by engaging in interaction and trading activities with the memecoins they upload to Pump.Fun. The platform seamlessly integrates with social media networks, enhancing interaction possibilities and profit potential from token trading.
When a token's market capitalization reaches a predetermined threshold (e.g., $70k), a portion of liquidity is deposited into Raydium and undergoes a Burning mechanism. This mechanism ensures fairness and sustains a healthy token ecosystem.
4. Project infomation
- Website: https://pump.fun/board
- X: https://x.com/pumpdotfun
5. Conclusion
On Pump.Fun, tokens like BaoBaoSol, Shark Cat (SC), and Hobbes have been valued at millions of USD. However, the success of memecoins created through Pump.Fun is not guaranteed. Most of these memecoins experience a significant loss in value shortly after their launch. This summarizes all the information about the Pump.Fun project that Theblock101 wishes to provide to you. We hope this article has offered readers a deeper understanding of this project.
.jpg)
