Pump.fun is a platform that allows users to create their own tokens and participate in live broadcasts to increase their token’s value. The platform has been gaining popularity, with over 1.17 million tokens issued and cumulative revenue of more than $50 million since its launch 4 months ago. This is impressive when compared to Uniswap, which had an estimated annual revenue of $25 million to $30 million during the previous bull market.
Pump.fun’s success can be attributed to its business model, which guarantees profits and focuses on the attention economy. The platform has become a hotbed for meme currency issuance, with users participating in live broadcasts to promote their tokens and gain attention. This has led to a mix of success stories and failures, as well as regulatory concerns.
The use of live broadcasts on Pump.fun has created a new way for meme currency issuers to gather attention and drive up the value of their tokens. It remains to be seen how this trend will evolve in the decentralized environment of Web3 and whether the ultimate utilization of traffic can find new forms of expression in a decentralized setting.
