Memecoin data from the pump.fun ecosystem (to 31.12.24)

The latest insane data from the Pump.fun ecosystem shows > 5.3m #memecoins have been launched since March 2024 on Pump.fun since Mar’24.
Of the 5.3m memecoins :

✨1.5% graduating graduated to Solana’s main Decentralised exchange – Raydium
✨360 (0.0067%) have a market cap (MC) >$1m
✨97 (0.00182%) have MC >$10m
✨15 (0.00029%) have a MC > $100m

the data shows no signs of abating ‘s to highlight the market is competitive AF! It continues to make it difficult for even quality projects to get above the noise. 

Fast engagement is needed more than ever to cross the bridge from Pump.fun onto Raydium and beyond. We continue to craft ideal ways to make this happen quickly. Instead of waiting 12 – 24 weeks to develop short games – GameFiArena is developing a #web3gaming as a Service… where we are targeting turning branded web3 casual games round in 48 hours… for web3 projects.

Stay tuned as we get closer to making this happen.

In the interim, we will update the data monthly so that we can all see how the market is evolving and changing.

On the basis of the current data the market remains broadly buoyant to generate results up to $1m market cap – but the magic is just missing at the moment to make the market conditions stronger for projects to create any serious extra value…