Quick Comparison between Pump.fun and Clanker: Who has more potential?

Author: Poopman, Researcher at IOSG

Compilation: 0xjs, Golden Finance

1. Business Model

PumpFun: Charge 1% transaction fee + 2 SOLS during the bonding curve to list on Raydium.

Clanker: Since there is no bonding curve, it permanently charges a 1% fee from Uni v3 and uses the #LpFeesCut function.

New upgrade: 0.4% of the fee will be returned to the issuance party to provide 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: 20 days’ revenue is $6-7 million. Due to some expenses being Token, the revenue is exaggerated.

3, Token quantity rise (7 days)

PumpFun 4 million tokens, rising by about 1.3% daily)

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

4, the top 3 large cap Token

PumpFun:

Pnut - 11 billion dollars

GOAT - $8.38 billion

Chillguys - $490 million

Clanker:

Clanker - $83 million

LUM - 39 million US dollars

ANON - $33 million

Some key points:

Despite Clanker successfully guiding a large volume on the Base, it has not yet sent 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 of Token quantity. However, this design can provide strategic value for both Base and Farcaster.

The increasingly diverse assets on Base are the key to unlocking the “true” Base Season.