A quick comparison between Pump.fun and Clanker: Who do you think is more promising?

Comparison of business models, total revenue, number of tokens, etc.

Author: Poopman, IOSG Researcher

Compiled by 0xjs, Golden Finance

1. Business Model

PumpFun: During the bonding curve, a 1% transaction fee + 2 SOLS is required to list on Raydium.

Clanker: Without a bonding curve, a permanent 1% fee is charged from Uni v3, and the #LpFeesCut feature is used.

New upgrade: 0.4% of the fee will be returned to the issuance party, providing more incentives for the issuance Token.

2. Total Revenue

PumpFun: $3.63 billion in revenue within 10 months. Currently 55 times that of clanker.

Clanker: Income of 6-7 million dollars within 20 days. The income is exaggerated due to some expenses being in Token.

3, Token Quantity rise (7 days)

PumpFun 4 million tokens, daily rise of about 1.3%）

Clanker currently has 4768 Tokens, with a daily rise of about 12%.

4. Top 3 Market Cap Tokens

PumpFun：

• Pnut - 11 billion dollars
• GOAT - $8.38 billion
• Chillguys - 4.9 billion US dollars

Clanker：

• Clanker - 8300 million dollars
• LUM - 3900 million dollars
• ANON - $33 million

Some key points:

Despite Clanker having successfully guided a large volume on Base, it has yet to send any positive signals to Farcaster.

Early BOT sniping seems to be a problem, but there is no clear/accurate data showing its toxicity.

The user base of Farcaster is limited, which may hinder the rise in the number of Tokens. However, this design can provide strategic value for both Base and Farcaster.

The increasingly diverse assets on Base are the key to unlocking the ‘real’ Base Season.