The latest memecoin data from the pump.fun ecosysem (31.10.24)

The beauty of anything #blockchain & #crypto related is the public access to data.

Compiling the latest monthly data to 31st Oct. shows how tough it is for #memecoin projects to generate long-term success.

Pump.fun is a No-code (and as of August a no-cost launch platform) that enables anyone to launch a meme coin. The data now shows since the platform launched in March there have been 2.8m memecoins launched to 31st October.

Only 0.0034% of the coins from the Pump ecosystem have a market >$1m Market Capitalisation and 0.00086% have a market cap of over $10m.

No-code and no-cost to launch is great for market accessibility, but it makes the market super competitive, making it hard for great projects to get above the noise.

That’s why we’re automating the production of web3 casual games to help speed up engagement quickly with the back-end virality engine driving viral growth.

What engagement initiatives have you found work best for you?