Pump.fun And SunPump Compete In The Memecoin Launchpad Market

According to Foresight News, since its launch eight months ago, Pump.fun has deployed 1.9 million tokens, generating $105 million in revenue. Although SunPump was introduced more recently, its daily token deployment and revenue are quickly catching up to Pump.fun. The rapid rise of SunPump has reignited market interest in Pump.fun. Both platforms are key players in the Memecoin Launchpad sector, which began gaining traction when Pump.fun launched on Solana. SunPump, which went live on Tron on August 9, has since drawn significant community attention to the Tron network. Both Pump.fun and SunPump utilize a bonding curve model. When enough people purchase tokens on their platforms and the market cap reaches $69,000, $12,000 in liquidity is deposited into Raydium or Sunswap and subsequently burned. Despite the ease of issuing MEME tokens, successfully running a MEME community and listing tokens on a DEX remains challenging. Pump.fun has a DEX conversion rate of 1.4%, while SunPump's rate is slightly higher at 2.1%. Initially, Pump.fun charged creators approximately $2.60 (0.02 SOL) in fees, similar to SunPump's fees. However, on the day SunPump launched, Pump.fun announced the removal of creation fees, transferring the cost to the first buyer of the token. The Memecoin Launchpad market is becoming increasingly competitive. In addition to Pump.fun and SunPump, other notable platforms include Jupiter LFG, Game.com, and Ethervista.