LaunchPad · 47

Launchpad craze continues: high frequency overrecruitment, and the overall project still outperforms the zero point line

Author: Nancy, PanNews Original title: Four popular Launchpads compete: Oversubscribed frequently, and over 70% of projects are still positive, and a new wave of TGE is accelerating, along with the rapid rise of various innovative LaunchPad platforms. With unique mechanical design and diverse gameplay, these platforms provide investors with rich ways to participate, greatly invigorate the new ecosystem, and become a new outlet for retail investors to compete for money. As the new craze continues to heat up, there are many cases of high-value fund-raising, and participants are also receiving impressive returns several times or even tens of times higher. In this article, PanNews will review the new data and project performance of 4 popular new LaunchPad platforms (Buidlpad, Legion, MetaDAO, Metaplex Genesis) for players' reference (note: since Echo has not disclosed detailed data to the outside world, it is not included in the scope of this statistic). Overall, these platforms generally show characteristics such as high popularity, high first-day earnings, and strong short-term fluctuations. Judging from the scale of participation, market capital and user sentiment are still highly active. Projects on the four major platforms have generally been oversubscribed, and the number of individual project participants on individual platforms has surpassed hundreds of thousands; judging from earnings performance, the short-term returns of starting new projects are impressive. TGE's average daily revenue was about 4.5 times. Among them, BuidlPad and Metadao performed particularly well. The average increase on the first day was over 500%, and some star projects have even recorded four-digit increases; currently, there has been no significant withdrawal of funds. Since the launch of all new projects, the average revenue has been about 190.8%. Of these, more than 70% of projects have maintained positive returns, and about 30% of the projects still have more than doubled their revenue. BuidlPadBuidlPad was launched in December 2024 and can be used by KYC compliant users in unrestricted regions. Its founder is Erick Zhang, managing partner of Nomad Capital. He was the director of Binance Research and was responsible for the Binance Lanuchpad platform. Up to now, Buidlpad has launched 4 new projects. Judging from statistics, these projects are generally popular in the market, and the number of participants is over 100,000. Market popularity has also directly driven the project's subscription scale. The average oversubscription ratio is about 14.1 times. In particular, Falcon Finance's oversubscription ratio is as high as 28.2 times, setting a historical record for the Buidlpad platform. Judging from TGE's return for the day, the average return of participants was about 563.3%, and the overall earnings performance was very impressive. Falcon Finance, in particular, had a return of 1557.1% for the day, far surpassing other projects. Other projects such as Solayer, Lombard, and Sahara AI are just as profitable in the short term. Looking at the long-term timeline, the average return rate for these projects so far is 286.7%, which is mainly affected by the rising average of Falcon Finance's high yield, which has a short TGE cycle. With the exception of Falcon Finance, the long-term returns of other projects were significantly lower than TGE's daily earnings, but most remained positive. Overall, Buidlpad's new projects are generally popular, and the short-term wealth effect is obvious, but long-term returns are more dependent on the project's own development and market cycle influence. It is worth mentioning that BuidlPad recently launched a pre-TGE HODL staking campaign, and the first project is Momentum. The campaign aims to encourage users to earn high profits by providing liquidity, while increasing the qualifications and priorities for participating in new games on the Buidlpad platform, which also drives the TVL growth of the project. Legion ✖️ Kraken In September of this year, crypto exchange Kraken announced a partnership with IC0 platform Legion to launch a MICA-compliant token sales business on its newly launched Kraken Launch platform. Legion has received $7 million through two rounds of financing, and investment institutions include VanEck, Coinbase Ventures, Kraken, Delphi Digital, and Alliance. The platform mainly assesses user eligibility through the “Legion Score” system, which covers it. Dimensions such as social influence, on-chain activity, and developer activity yieldBasis are Legion and KRA...

306d agoLuxurytracy#launchpad

Orama Labs launches PYTHIA-based LaunchPad and reaches a strategic partnership with Kingnet Capital HK (Kingnet Capital HK)

Comparing news, Orama Labs is committed to building a next-generation asset tokenization agreement aimed at solving the pain points of inefficient allocation of traditional research funding and resources. At the same time, Hong Kong Kaiying will provide Orama Labs with core technical support in the AI field. The platform builds a closed-loop ecosystem from scientific research to commercial use by funding the development of scientific research experiments, verifying intellectual property rights, and solving information silos and community governance, and promotes the innovation and development of on-chain scientific research. As the platform's core governance token, PYTHIA is used to motivate research contributors, fund high-quality research projects, and drive on-chain governance. Orama Labs' first product, LaunchPad, is about to be released, marking a new phase in the development of its ecosystem.

369d ago

Talk to Pima: From Meme Coins to Launch Platforms, the Investment Logic Behind Stud Culture

Summary & Compilation: Shenchao TechFlow Broadcast Date: May 24, 2025 Podcast Source: Web3 101 [Anchor] Liu Feng, BODL Ventures Partner, Xiong Haojun, former editor-in-chief of Blockchain News, Deputy Editor-in-Chief of Groove BlockBeats, “Web3 Unknown Tales” anchor [Guest] Pima, Co-Founder of Continue Capital, a legendary investor in the cryptocurrency world, visited Web3 101 to discuss why he thinks Meme After the investment logic of Immortality and Meme launch platforms and the times we live in completely changed, the investment theme of the cryptocurrency world changed in the eyes of Pima. Cosmos Meme Reflections: The Siphon Effect of Liquidity and the Matthew Effect Liu Feng: As an OG, you have had outstanding achievements in the public chain and DeFi fields, but in today's crypto investment world, OG feels like an abusive word. The best thing now is the story of Captain P becoming Field Marshal P. What do you think of this trend? Pimar: I'm a very experienced Memecoin participant. On the one hand, I worked a lot on Solana during this cycle. I participated in all of Solana's Memecoins, including the earliest BONK, WIF, BOME, POP CAT, and later GOAT, as well as a number of projects that were overtaken by the fittest. At the time, we took it for granted that Solana Meme would recover, and other public chains would definitely recover to a certain extent, so after Solana laid out BONK, they went to ecosystems such as Cosmos and Avalanche to find a similar Memecoin layout. In my opinion at the time, the logic was quite tight. But I overlooked the liquidity siphon effect and the Matthew effect. It actually ended after you participated in the first wave. You think it still has a second and third wave, but in fact, it completed its historical mission in the early rebound phase, and the remaining mainstream capital attention will return to some on-chain ecosystems centered around Solana at the time. I've shared before that Memecoin accounts for about 1% to 3% of the public chain market value, and in extreme conditions, it may reach 5%. I did a lot of observations and statistics at the time and came to the conclusion that the top Memecoin accounted for 1% to 5% of the current public chain market value over a certain period of time. There were several outstanding cases in this range, such as DOGE and SHIB, but I excluded them. Later, with the development of the coin industry, you will find that Solana is completely unsuited to this system. A large number of Memecoins have sprung up, showing a completely different atmosphere from other ecosystems. This is entirely determined by Solana's retail investors. Solana is a market with retail investors at the core. This determines that the birth of the Solana ecosystem has many tracks and fields that can easily bring emotions, volatility, and a high degree of marketability to retail investors. On the one hand, I want to observe the entire Solana ecosystem, and on the other hand, I am willing to actively participate in Memecoin, a circuit that has established liquidity, participation, and a broad user base, and is relatively not that mainstream. How can you make money in Memecoin's behavioral finance feast? Liu Feng: If I want to invest in Memecoin, how can I make money? This is a particularly rough question. Horse: Basically, 90% of my Memecoin is on Solana, or even higher, and I don't pay attention to other coins on any other chain. This market has evolved an optimal solution for you; you're just looking for a second alternative on this optimal solution. The core reason for looking for the second alternative is that you didn't get any kind of results in the optimal solution, or were not involved; you were just looking for that kind of increase to make up, and this is very easy for people to fall into an investment trap. You'll find that once you get in, it either doesn't rise, or it tortures your body completely between ups and downs. Another core point is that it's hard to fall back. You'll find that when Solana's head meme retracts 30%, your 200% profit is gone, and the retracement is very fast. Therefore, in any investment system, I basically don't pursue the ultimate settling of pockets for security. I personally think it's a very difficult thing if you want to try to dodge the first bullet of the entire market, from cow to bear. Crypto is 7 X...

446d ago深潮TechFlow#BOME #Bonk #GOAT #layer 2 #MEME #MEV #PoP #WIF #Ethereum #stud #NASDAQ

The coin issuing platform is crazy, are you really making money?

Author 丨 Jesse, Bubble Source 丨 BlockBeats Original Title 丨 The coin issuing platform rolled up, but did you make money? Over the past year, the Launchpad market, a meme coin distribution platform on the Solana chain, experienced explosive growth and quickly formed a competitive pattern. As the first platform to rise, Pump.fun is seen as a catalyst for Solana's “on-chain casino” boom. The platform allows any user to issue tokens without a threshold, uses binding curve pricing, and creates a fair distribution model with no pre-sale and no team share. Leveraging Solana's low-cost, high-speed transactions, Pump.fun set off a meme coin frenzy in 2024. In just 13 months, platform users issued more than 8 million tokens. At its peak, on October 24, 2024, more than 36,000 tokens were produced in a single day, with an average of 25 new tokens being created every minute. This unprecedented scale of token creation gave Pump.fun a monopoly on the market, and also made Solana known as the biggest “casino” on the chain. However, the success of Pump.fun also raised concerns. On the one hand, a large number of low-quality projects have sprung up, the graduation rate is less than 1%, and the vast majority of tokens are fleeting. On the other hand, although the platform is profitable, users generally lose money. Statistics show that nearly 90% of users lost their principal amount or made less than $100 in meme trading, while the platform received about 98 million US dollars in just 6 months. By the end of 2024, Pump.fun's official revenue had accumulated over $223 million (approximately 1.15 million SOL) and continued to monetize the SOL proceeds. In just a year and a half, the platform fee account sold about 3.403 million SOL (approximately $629 million), making it the second largest source of selling pressure after FTX/Alameda, an early investor in Solana. Such a huge outflow of funds has raised community concerns about the platform's sustainability and ecological impact. Faced with a situation where Pump.fun was alone, market participants moved quickly, and the entire Meme Launchpad circuit entered heated competition. Within the Solana ecosystem, the established decentralized trading platform Raydium launched LaunchLab to compete with Pump.fun; the popular meme coin BONK opened the LetsBonk.fun launcher; and the on-chain aggregator Jupiter also tried to launch similar services. Daily token deployment status, data from @adam_tehc's DUNE 1. Pump.fun's challenge Pump.fun, as the pioneer of the meme coin one-click launch platform, established a basic operating model. Users only need to fill in basic information such as the token name and symbol, and can automatically deploy token contracts and establish transaction pools without programming skills, greatly reducing the token issuance threshold. The platform uses a variety of binding curve pricing models to balance initial prices and market demand. The issued tokens can be immediately traded in the platform's AMM pool without injecting liquidity in advance. The platform innovatively introduced an LP share burning mechanism. When the new coin reaches a specific market capitalization threshold, part of the liquidity is automatically injected into the Raydium trading pool and the corresponding LP tokens are destroyed, ensuring that the project party cannot withdraw from the pool and run away, improving liquidity security. With the experience of “codeless coin issuance and instant transaction”, Pump.fun quickly became popular in 2024, spawning a large number of creative meme tokens, including 100 times or even 1,000 times coins, attracting many speculators. By extracting transaction fees, the platform became one of the most profitable on-chain apps in 2024. However, as it developed, Pump.fun's problems gradually became apparent: less than 1% of the more than 8 million issued tokens successfully “graduated” into external liquidity pools; user earnings were severely polarized, forming a zero-sum game; the platform monetized fees and continued to sell SOL, putting selling pressure on the Solana network; and the completely anonymous and unaudited model, although in line with the cryptographic spirit, posed regulatory and trust risks. As a result, Pump.fun's growth rate slowed in early 2025, and daily transaction volume fell from a peak of $544 million in January to $270 million in February, a drop of nearly 50%...

459d agoSevenUpDAO#Believe #Bonk #MEME #Pump.fun #Raydium LaunchLab #Solana

Bitcoin sidechain's MVC daily trading volume surpassed Bitcoin for many days, with a single-day peak of up to 10 times

Comparing the news, the Bitcoin ecosystem has shown a strong growth point. Influenced by the recent official launch of the decentralized social media network MetaSo, the Bitcoin sidechain MicroVision Chain (MVC) saw explosive growth in daily trading volume, surpassing the Bitcoin main network by a large margin for many consecutive days. According to on-chain data, the peak transaction volume of MVC in a single day was ten times higher than that of the Bitcoin network during the same period, making it the focus of attention in the industry. As an important sidechain of the Bitcoin network, MVC quickly attracted a large number of developers and users with its core advantages such as high concurrent processing capabilities, efficient confirmation, and low tariffs. Currently, the MVC ecosystem has covered diverse application scenarios such as decentralized exchanges (DEX), cross-chain bridges, and launchpads, and has been promoted to the 7th largest public computing power chain in the world.

465d ago

Bankless interviews the co-founder of PumpFun: How is a super money suction machine built? Are crypto tobacco companies a poison for the industry

Edit | Wu said Blockchain In the “Bankless” podcast, the host had an in-depth conversation with Alon, the co-founder of Pump.Fun, a Memecoin launch platform on Solana, to discuss how the project rapidly rose, sparked huge controversy, and generated more than $600 million in revenue in just one year. PumpFun focuses on the concept of “zero threshold token creation”. Users can launch their own coins without capital. During peak periods, they launched more than 60,000 tokens every day, with a cumulative circulation of about 9 million. The business model that charges 1% fees through transactions makes it one of the few projects in the Web3 field to achieve large-scale revenue. Despite this, PumpFun has also been criticized for fueling the speculative culture of the industry, undermining the credibility of the crypto market, and has even been compared to a “crypto tobacco company.” Faced with questions, Alon emphasized that Memecoin is essentially a natural product of cryptography. The problem is not the hype, but rather the industry's lack of response to user interest for a long time. To this end, PumpFun launched the decentralized trading platform PumpSwap and plans to introduce a profit sharing mechanism for creators in an attempt to transform Memecoin from a pure speculative tool to a creative economy carrier with long-term value. At the same time, the team is also exploring a new model of “content+social+finance” to drive Memecoin's evolution towards a more sustainable and diverse direction. The text translation was done by GPT, and there may be errors. Please listen to the podcast for the full content: The starting point of https://x.com/BanklessHQ/status/1904518172306186288PumpFun: From NFT derivatives to the low-threshold source of inspiration for creating tokens David: Now, I'm very happy to introduce you to today's guest — Alon, the co-founder of PumpFun. There's probably no need to introduce the PumpFun platform in particular now; it's a Memecoin launch platform on Solana. At its peak, PumpFun was able to launch more than 60,000 new tokens every day. Since its launch in January 2024, the total number of listed tokens has reached about 9 million, and the number of active addresses has reached 15 million. The platform uses the Bonding Curve fee model, which charges 1% on all transactions. This mechanism has generated revenue of up to $600 million for the PumpFun team and its investors, making it one of the most successful applications in the crypto sector recently. Alon: Thanks for the invitation, David. It's a great opportunity for me to talk about PumpFun, Memecoin, and whatever you want to discuss, especially for an audience like you. David: As I mentioned earlier, you should already be familiar with PumpFun. By the way, is it “PumpDotFun” or “PumpFun”? Alon: I've been struggling with this myself. At first, I preferred “Pump.Fun,” but users prefer “PumpDotFun,” and recently I've been using “PumpFun.” David: OK, then “PumpFun.” Maybe you could start by briefly explaining the background of you and your team before starting this project, and how the idea first came about. Alon: Okay. My two co-founders and I have been in the industry for quite some time. We've done a few different projects before. I myself have been deeply involved in a project called NFT Perp, an NFT derivatives trading platform deployed on Arbitrum. We were mostly on the DeFi circuit back then, and that stage was exciting. We can clearly feel that there is something in it, and there is a real product market fit. When it comes to NFT Perp specifically, what we're seeing is the potential for collectibles trading. However, after experiencing the collapse of Terra Luna and FTX, we discovered that the entire market began to decline, and the long-term value of NFTs was not as guaranteed as we had originally thought. So we started to want to try out some new directions. So I quit my original role and started doing some experiments with the team. At that stage, the trading experience...

512d agoWendy#Alon #Bankless #MEME #meme topic #NFTs #Pumpfun #PumpSwap #Solana #The economy of attention

Meteora team releases draft MET-related governance: LP share will be raised from 10% to 15%, team tokens will be locked up for 6 years

Comparatively, the Meteora team published two governance drafts involving the MET token in the governance forum. The first draft governance plan is to increase the token reward share for liquidity providers (LPs) from 10% to 15% of the total supply; in addition, Launch Pools and Launch Pads participants will be provided with an additional 3% of the total supply of tokens. The content of the second governance draft is: it is proposed to allocate 20% of the total supply of tokens to the team and lock them up for 6 years; in addition, 2% of the team's share will be distributed to M3M3 stakeholders.

519d ago

Moonshot is online VIRTUAL

According to Moonshot Listings, Moonshot has launched VIRTUAL. Earlier, VIRTUAL tokens can be traded on Solana, Launchpad will be launched soon, and users can use the Stargate Bridge to bridge VIRTUAL between Base and Solana to enhance cross-chain interoperability.

556d ago

Super cycle starts, four-point prediction for the crypto market after the $TRUMP boom

Author: Deebs DeFi, Crypto KOL Original Article Compiled by Felix, PanNews Trump Has Controlled the Crypto Market. He has the 12th largest coin worth $15 billion. He has caught the attention of all crypto users. He dominates every coin on the market, and his net worth doubled in less than a day. He had complete control of the market until... his wife launched MELANIA coins, and he launched a “vampire attack” on his tokens, causing TRUMP coins to drop by more than 50%. Not that TRUMP coins are a scam. However, most people agree that the launch of the MELANIA coin was a huge mistake. But this mistake doesn't mean the end of cryptocurrencies. In fact, it marks the beginning of a new, crazy cycle. Celebrity memes have become the norm, and there is no “crime” in cryptocurrencies. Here are 4 key predictions for this cycle and the tokens/ecosystems that will have the biggest impact: the market is smarter, and Trump memes are cooling down, although it's uncertain whether the Trump family will stop issuing memes, or whether everyone in the family will. However, one thing is clear: the benefits of each new token will decrease. Launching the MELANIA coin was a huge mistake, and the TRUMP coin's valuation is bound to be much higher, possibly even a DOGE level valuation. However, Trump insiders showed their bottom card too soon. As more and more TRUMP memes are released and underperformed, traders are expected to look for a wider market and more opportunities for growth. At the same time, celebrities will also keep a close eye on this golden opportunity... celebrity Memes & Rugs celebrities will launch their own memecoins. It's not surprising. The market is already looking forward to this. What the market did not anticipate, however, was the impact of celebrity memecoins on the market. Although the public is suffering from post-traumatic stress disorder (PTSD) due to Hawk Tuah (HAWK token crash) and Floyd Mayweather (boxer Floyd Mayweather has participated in promoting fraud programs such as Mayweverse), let's first review some key data from the past two days: Trump's meme attracted over 115,000 new cryptocurrency users (see dashboard below). Google's search for cryptocurrencies has soared over the past few days: “Solana” has soared to a new high this year, and searches for terms such as “Crypto,” “Ethereum,” and “Coinbase” have all been on the rise this year. Source: @0x Boxer Why is this data so important? 115,000 users is not a small number. For reference, 115,000 is 1/2 of Arbitrum's daily active users and 1/4 of Ethereum's daily active users. Google search data indicates a new user base. Old crypto users won't use Google. They have a link to Coinbase, they know what Solana is, and searching for information on X The data also shows that the increase in interest isn't limited to Solana, but that other celebrities in the crypto space as a whole could have a similar impact. There are many other celebrities who have a fanatical following, and they can bring hundreds of thousands of users to the chain just like Trump. Examples include Elon Musk, Mr. Beast, Taylor Swift, Justin Bieber, CR 7, Messi, Jeff Bezos. Imagine Taylor Swift launched the TSWIFT coin and brought in 10-200,000 new users on the chain. This is equivalent to adding a brand new chain to cryptocurrencies and adding a whole new user planet to the solar system. Despite all this optimism, and by reference to the past, most celebrity memes ended up with Rug pulls. However, in a bull market, people quickly forget. Hawk Tuah's Rug incident won't affect gamblers and fans from buying her future memes. Even if the next 9/10 celebrity meme is Rug Pulls...

576d agoWendy#Coinbase #MEME #Solana #TRUMP TOPICS #Ethereum #Trump

Ethereum killer Solana is strong again, will it succeed this time around?

Author | Produced by Huohuo | Vernacular Blockchain (ID: hellobtc) In 2024, the “Ethereum killer” Solana broke ground. In the week of July 22, Solana's main chain surpassed rival Ethereum's total weekly fees for the first time, with revenue of around $25 million, while Ethereum's revenue was $21 million. Total expenses topped $5.5 million on July 28, a nearly three-month high. And just after the crypto market plummeted across the board on Black Monday this week, as the market regained its sanity, Solana's price surged more than 35% in less than 48 hours, surpassing Bitcoin. Source: Blockworks Research It can be said that after the first two years of ups and downs, Solana and its ecosystem have once again become the focus of the market. This time, the momentum is about to overtake Ethereum. However, many previous projects known as the “Ethereum Killer” ended up failing. Can Solana succeed in the end? Today, let's review the birth and rise of Solana, take stock of the latest development status of the Solana ecosystem, and maybe find some telltale signs... 01 The birth of Solana Solana was born from its founder's thoughts on the blockchain trilemma. Bitcoin was born in 2009, and in 2013, Solana founder Anatoly Yakovenko became an early Bitcoin user and began to focus on the impossible triangle of blockchain. At the time, blockchain Gas was expensive, and the network was very slow. So Anatoly decided to build a faster blockchain infrastructure himself. Accidentally working overtime one night, Anatoly realized that the passage of time itself could become a data structure, forming ordered transactions and events on the blockchain. He immediately climbed up and wrote down the original Solana code. This idea was also a key idea that enabled it to run at lightning speed, and later became an important advantage of Solana compared to Bitcoin and Ethereum. As a result, in 2016, Anatoly left Qualcomm, where he had been working for 13 years. In 2017, he joined two of his previous Qualcomm colleagues to found Solana, and Solana was born! However, Solana was not originally called Solana, but a prototype blockchain called Silk. Then, in March 2017, the Silk project was renamed Solana because the birthplace of the idea was Solana Beach (Solana Beach). This town is located in northern San Diego, California, where several of Solana's partners lived and surfed during their work. Subsequently, from 2017 to 2020, Anatoly led the gradual improvement of Solana's technical infrastructure, which greatly improved transaction throughput and network performance, and attracted a certain amount of attention and interest in the community. However, at the beginning of its establishment, the team also faced many development difficulties. Because most of this team came from a mediocre background, and they were in a bear market at the time, they weren't very optimistic about their business prospects. After the white paper was published in January 2018, there were many financing difficulties, and it is considered that its technical security is questionable. Before getting on Binance LaunchPad, only Binance Labs and Coinbase Ventures invested in them, probably less than $1 million in total. Solana only began to attract tens of millions to hundreds of millions of dollars in investment when market conditions began to improve in 2019. At the same time, the team is also conducting internal testing and technical verification to focus on preparing for the official launch of the main network. At this stage, the team also actively engaged with the developer community and blockchain enthusiasts to gather feedback and improve its technology and ecosystem. As a result, in July 2020, Solana's main network was officially launched. Since then, it has made up for Ethereum's flaws due to its fast transactions and low processing fees, and has been hailed as the “Ethereum killer”. 02 Dormant growth in a bear market In the two years from the launch of the main network in 2020 to 2022, Solana began to flourish and became one of the most popular fans in the crypto world at the time. It also attracted the attention of SBF, a major figure in the industry at the time. At the time, FTX was also one of the world's largest crypto CEXs. SBF, as the founder of FTX, once said, “I'm optimistic about Solana...

722d ago白话区块链#Blockchain in plain language