- Pump.fun on Solana and SunPump on Tron show differing early revenue and token deployment success.
- Both platforms share similar market cap requirements and use bonding curve models.
- Pump.fun has lower fees and higher total revenue, while SunPump is catching up rapidly.
Crypto investment and venture capital firm DWF Labs has released an analysis comparing two leading players in the memecoin launchpad space, Pump.fun and SunPump, highlighting their respective strengths and opportunities for improvement.
Memecoin launchpads gained modest traction with the launch of Pump.fun on the Solana network in January 2024. But, SunPump’s debut on the Tron network in August 2024, attracted significant market interest. Following SunPump’s market entry, Pump.fun rekindled market attention.
Their market entry followed a slightly similar trend. Two weeks post-launch, Pump.fun deployed 102.6k tokens, generating $5.8 million in revenue. Comparatively, SunPump deployed 62.7k tokens, generating $4.1 million in revenue.
SunPump launched on the Tron network on August 9, prompting increased community discussions. Both platforms have similar market cap requirements for decentralized exchange (DEX) listings, with Pump.fun at $69.0k and SunPump slightly higher at $69.4k. The DEX conversion rates are low for both platforms, at 1.4% for Pump.fun and 2.1% for SunPump.
Pump.fun provides creator rewards of 0.5 SOL (approximately $65.0) for DEX listings and charges no creator fees. SunPump offers a higher reward of 888 TRX (around $138.5) but imposes a fee of 20 TRX (about $3.1).
Trading fees also differ between the platforms. Pump.fun has a 0.5% trading fee, with an additional $2.6 fee for the first buyer. On the other hand, SunPump applies a flat 1% trading fee.
While both generators have evident differences, they share some similarities. For instance, they both utilize the bonding curve model. When market caps reach $69k, $12k of liquidity is deposited into Raydium or SunSwap and burned.
Eight months after its launch, Pump.fun has deployed 1.9 million tokens and generated $105 million in revenue. Although SunPump is newer to the market, its daily token deployment and revenue are rising, and it shows promise in catching up with Pump.fun.
Meanwhile, DWF Labs chief Andrei Grachev commended the analysis, noting the rapid evolution of memecoin launchpads.
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