Author: Poopman, IOSG researcher; Compiler: 0xjs@黄金财经
1. Business model
PumpFun: Charge 1% transaction fee + 2 sols during the joint curve to be listed on Raydium.
Clanker: Since there is no joint curve, a 1% fee is permanently charged from Uni v3 and the #LpFeesCut function is used.
New upgrade: 0.4% of the fee will be returned to the issuer, providing more incentives for issuing tokens.
2. Total Revenue
PumpFun: $363 million in 10 months. Currently 55 times that of clanker.
Clanker: $6-7 million in 20 days. Revenue is exaggerated because part of the fees are tokens.
3. Token quantity growth (7 days)
PumpFun 4 million tokens, daily growth of about 1.3%)
Clanker currently has a total of 4768 tokens, with a daily growth of about 12%
4. Top 3 market capitalization tokens
PumpFun:
Pnut - $1.1 billion
GOAT - $838 million
Chillguys - $490 million
Clanker:
Clanker - $83 million
LUM - $39 million
ANON - $33 million
$10,000.00
Some highlights:
While Clanker has successfully guided a large amount of trading volume on Base, it has not yet sent any positive signals for Farcaster.
Early BOT sniping seems to be a problem, but there is no clear/accurate data showing its toxicity.
Farcaster has a limited user base, which may hinder the growth of the number of tokens. However, this design can provide strategic value to both Base and Farcaster.
The increasing diversity of assets on Base is the key to unlocking a "real" Base Season.