Memecoins may attract new users to blocking ingredients, but profits are largely flowing to the platforms that release and circulate symbols, according to a new report from Galaxy Research.
the Ticket It appears on Wednesday that although most traders lose money in a short -term gambling market, infrastructure providers such as players, decentralized exchanges and circulating robots pick up millions by facilitating mechanical trading.
Solana’s Pump.fun, the MEMECOIN launch platform that first appeared in early 2024, was a major beneficiary, as the symbols on the platform combined $ 4.8 billion in the fully reduced market value, according to the report.
Galaxy added that out of 32 million symbols on Solana, nearly 13 million were launched through POMP.fun, an increase of approximately 300 % in less than two years. “The platform has simply made the distinctive symbol on Solana,” said Galaxy Research.
The report also shows that the average waiting times for Solana Memecoins has collapsed to about 100 seconds, a decrease from 300 seconds in the previous year, with a highlight of the dominance of robots and beverages on Memecoin’s trading.
Axiom trading platform has achieved more than $ 200 million as fees with less than ten employees, thanks to Memecoin’s activity. She said: “Axiom has expanded (…) to millions in monthly revenue by collecting fees from Memecoin,” she said. Other tools such as Bonkbot and TOJAN earn revenues by imposing fees on users to manufacture new symbols automatically at launch.
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Although Memecoins provides a small benefit that exceeds the cultural value, platforms like Pump.fun continue to grow.
On July 12, the platform launched its distinctive symbol, POMP, in a sale of $ 500 million in less than 12 minutes. The initial currency (ICO) offered 125 billion symbols.
Data from Deville It was shown that between August 11 and August 17, POMP.fun made $ 13.48 million in revenue, which represents its strongest week since February.
Cointelegraph reported that Pump.fun dealt with more than a billion dollars in commerce September 14, to $ 1.02 billion, after registering $ 942 million the day before.
Over the past thirty days, measures from Deflalama Display Memecoin Launchpad achieved about $ 120 million as drawings.
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The post Memecoin Profits Flow to Platforms, Not Traders: Report first appeared on Investorempires.com.
