The world of memecoin launchpads has seen a surge in popularity with the emergence of platforms like Pump.fun and SunPump. A recent analysis by crypto investment and venture capital firm DWF Labs has shed light on the strengths and areas for improvement for these two leading players in the space.
Pump.fun made its debut on the Solana network in January 2024, while SunPump entered the market on the Tron network in August of the same year. SunPump’s arrival generated significant interest, prompting a resurgence in attention for Pump.fun.
In the early stages of their launch, Pump.fun outperformed SunPump in terms of revenue and token deployment. Two weeks post-launch, Pump.fun deployed 102.6k tokens and generated $5.8 million in revenue, compared to SunPump’s 62.7k tokens and $4.1 million in revenue.
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. Despite this, SunPump has been able to quickly catch up in terms of daily token deployment and revenue.
One of the key differences between the platforms lies in their fee structures. Pump.fun offers lower fees and higher total revenue, with creator rewards of 0.5 SOL (approximately $65.0) and no creator fees. In contrast, SunPump provides a higher reward of 888 TRX (around $138.5) but imposes a fee of 20 TRX (about $3.1).
Trading fees also vary between the two platforms, with Pump.fun having a 0.5% trading fee and an additional $2.6 fee for the first buyer, while SunPump applies a flat 1% trading fee.
Despite these differences, both platforms utilize the bonding curve model, depositing $12k of liquidity into Raydium or SunSwap and burning it when market caps reach $69k.
Eight months after its launch, Pump.fun has deployed 1.9 million tokens and generated $105 million in revenue. SunPump, although newer to the market, is showing promise in catching up with its daily token deployment and revenue on the rise.
Andrei Grachev, chief of DWF Labs, praised the analysis for highlighting the rapid evolution of memecoin launchpads. It is clear that these platforms are shaping the future of the crypto space, offering opportunities for investors and creators alike.
As with any investment opportunity, it is essential to exercise caution and conduct thorough research before making any decisions. The information presented in this article is for informational and educational purposes only and should not be taken as financial advice.