Author: Poopman, IOSG researcher; Compiler: 0xjs@金财经
1. Business modelPumpFun: 1% transaction fee + 2 sols during the bonding curve period to be listed on Raydium.
Clanker: Take 1% fee from Uni v3 permanently and use #LpFeesCut feature since there is no bonding curve.
New upgrade: 0.4% of the fee will be returned to the issuer, providing more incentives for issuing tokens.
2. Total revenuePumpFun: $363 million in revenue in 10 months. Currently 55 times more powerful than clanker.
Clanker: $6-7M in 20 days. Since part of the fee is in tokens, revenue is overstated.
3. Growth in the number of tokens (7 days)PumpFun 4 million tokens, a daily growth of about 1.3%)
Clanker currently has a total of 4768 tokens, a daily growth of about 12%
p>4. Top 3 market capitalization tokensPumpFun:
Pnut - US$1.1 billion
GOAT - 8.38 $000 million
Chillguys - $490 million
Clanker:
Clanker - $83 million
LUM - $39 million
ANON - $33M
Some takeaways:While Clanker has managed to drive significant volume on Base, it has yet to send any positive signals for Farcaster.
Early on BOT sniping seemed to be an issue, but there was 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 increasingly diverse assets on Base are the key to unlocking the “real” Base Season.