The Rise of Moonshot: The "Evolution" of Exchanges and Wallets is Eating into the Market Share of Large CEXs

CN
COINVOICE
Follow
5 hours ago

Author: Daniel Li, CoinVoice

The meme coin trading platform Moonshot has recently emerged as a strong contender in the market, quickly gaining recognition for its user-friendly design and convenient trading process, earning the nickname "Little Binance." It effectively addresses the "last mile" problem in meme token trading. Compared to traditional centralized exchanges (CEX), Moonshot's design is more friendly to new users, supporting not only traditional on-chain deposit methods but also fiat currency deposits, including options like credit cards, PayPal, and Apple Pay, significantly lowering the entry barrier for novice users.

The rise of Moonshot signifies that wallet applications are evolving to challenge the dominance of CEX. Convenient platforms like Moonshot, built on a "carefully selected model," and applications similar to "DEXX" will further simplify the trading experience for users. Unlike the complex asset listing and market cap preparations required by CEX, Moonshot can quickly list various meme coins to rapidly meet retail demand. This flexibility not only provides exposure opportunities for emerging projects but also boosts the market activity of meme tokens. While CEX has a solid security infrastructure, it tends to lag in quickly responding to market demands, which is the opportunity that Moonshot has seized.

As more investors recognize the potential of such innovative platforms, we may see the emergence of more user-friendly on-chain applications in the future, making crypto trading more open, flexible, and diverse. The success of Moonshot may just be the beginning, as the crypto application market is set to further enrich, bringing tangible market opportunities and potential profits to more users.

Moonshot Drives a New Wave of Wealth Creation in Memecoins

Internet culture and memes have always played a crucial role in the cryptocurrency market. Although meme coins often pose high-risk characteristics that make it difficult for most investors to profit, leading to significant losses, their inherent traffic characteristics have become an indispensable part of public chain development. Therefore, even as the value investment in the meme market becomes increasingly unreliable, its traffic remains undiminished. Whenever a bull market arrives, the latest emerging meme coins always become the focus of market discussions.

The emergence of Pump.fun has pushed the meme market to new heights. As the largest meme launching platform globally, Pump.fun empowers users to deploy and issue tokens at a very low cost (0.02 SOL) without any development experience, leading the meme coin sector into a new era of "everyone issuing coins." In this context, can newcomers still carve out a niche in this field? The emergence of Moonshot provides us with a brand-new way to participate.

The Moonshot mentioned here is not the meme launching platform launched by DEXScreener, but rather a meme trading app incubated by the team Alliance DAO from Pump.fun. Moonshot is an application on the App Store that supports buying and selling memecoins directly with fiat currency. Since its launch in mid-July this year, Moonshot has quickly become a core force driving a new round of wealth growth in the memecoin market. The arrival of Moonshot has broken the technical barriers in the memecoin market, opening a new chapter of "everyone investing in coins." Through the Moonshot platform, users can easily purchase memecoins using common payment methods like Apple Pay, credit cards, and PayPal, not only lowering the entry threshold for cryptocurrencies but also allowing Web 2 users unfamiliar with blockchain to step into the Web 3 realm and experience the unique charm of the crypto market.

Shortly after its launch, Moonshot witnessed the rise of several meme coins. Among them, the surge of MOODENG is particularly noteworthy. MOODENG landed on the Moonshot exchange on September 24, 2024, quickly attracting widespread market attention and achieving an astonishing price surge in a short time, with a maximum increase of 100 times. This feat not only propelled MOODENG's market cap from about $100 million to $300 million but also brought massive trading volume and user growth to the Moonshot platform. In just a few days after MOODENG's launch, the daily trading users on Moonshot surged from 396 to 3,458, and daily trading fees skyrocketed from about $3,681 to $24,000.

In addition to MOODENG, Moonshot has also witnessed several standout meme coins, such as SPX6900 and the AI meme coin GOAT. SPX6900 had a market cap of less than $30 million when it landed on Moonshot, but within just a month, its market cap skyrocketed to $900 million. Meanwhile, the recently popular AI meme coin GOAT token saw its market cap rise from less than $40 million to $500 million after landing on Moonshot. These cases once again demonstrate Moonshot's excellent "listing effect," prompting many meme project teams to rush to list on the Moonshot exchange, injecting new vitality and opportunities into the meme market.

Convenient Deposits and Withdrawals: Moonshot Becomes the Crypto Tool for the Younger Generation

As a meme coin trading platform that has rapidly risen in just six months, Moonshot's success stems not only from the launch of popular meme coins but also from its deep understanding of market demand dynamics. The launch of Pump.fun ignited a nationwide craze for issuing coins, but the influx of low-quality tokens quickly saturated the meme market. Investors began to seek a platform that could provide quick market entry, align with trends, and lower trading barriers. It is against this backdrop that Moonshot emerged, meeting the needs of young users and becoming a leader in market innovation.

User-Friendly Design Philosophy: Minimalist UI and Quick Start

Moonshot's design abandons the complex operational processes typical of traditional cryptocurrency trading platforms, focusing on a minimalist UI and easy-to-use experience, significantly lowering the usage threshold for users. Traditional crypto trading platforms often require users to be familiar with private key management, gas fee settings, and other technical operations, which can deter many newcomers. Moonshot simplifies the process, alleviating users' technical anxiety and allowing them to focus on trading and investing.

In the registration process, Moonshot only requires users to register an account via email, further supporting Face ID and Touch ID authentication for convenience. At the same time, the system automatically generates a wallet address, eliminating the need for users to set up and manage it themselves, simplifying the experience for newcomers. Additionally, Moonshot employs a clear and concise interface layout, making it very suitable for mobile users, reducing operational complexity, and allowing young users to effortlessly enter the crypto market. Through a friendly operating interface and smooth experience, Moonshot not only enhances user retention but also expands the potential audience in the market.

Diverse Fiat Deposit Options and Low Trading Costs: Lowering Barriers for New Users

For new users looking to transition from traditional finance to the crypto market, fiat deposit channels and trading costs are key considerations. Moonshot is the first to support various fiat deposit methods, including Apple Pay, credit cards, and PayPal, allowing users to purchase meme coins directly on the App Store, making it the world's first application to support direct trading of meme coins with Apple Pay. This design not only simplifies the conversion process from fiat to cryptocurrency but also eliminates the cumbersome steps of account creation and KYC verification, enabling users to quickly and conveniently start crypto trading.

Moreover, on top of fiat deposits, Moonshot also supports the deposit and withdrawal of SOL and USDC crypto assets on the Solana chain, further expanding the deposit options for Web 2 and Web 3 users. This flexible deposit method and low trading cost design are particularly attractive to young high-frequency trading users, allowing them to trade freely without incurring high gas fees, significantly reducing financial pressure and improving trading efficiency. Moonshot is now available on the App Store in over 130 countries, paving the way for traditional financial users to enter the crypto market with its simple and efficient user experience, injecting new vitality into the expansion and liquidity growth of the crypto market.

Keen Market Sensitivity: Rapid Token Listings and Selective Token Mechanism

Moonshot demonstrates strong market sensitivity in its token listing strategy, quickly capturing market hotspots. Compared to the cumbersome review processes of traditional exchanges, Moonshot's listing process is more flexible and efficient. Although specific listing standards have not been fully disclosed, it is understood that Moonshot prioritizes MEME tokens that achieve a trading volume of $1 million within 24 hours. Project teams can apply for a whitelist by submitting project name, code, contract address, and creation time, among other information. Currently, Moonshot has successfully listed several highly anticipated MEME coins, including WIF, POPCAT, GOAT, SPX, and MOODENG.

This agile listing mechanism allows Moonshot to quickly identify potentially valuable tokens in the market. While other large trading platforms are still processing complex token listing procedures, Moonshot has already been able to list first, enabling users to trade some popular tokens on Moonshot before they are listed on major exchanges. This strategy of seizing market hotspots has quickly earned Moonshot a good reputation among young users.

Enhanced Social Interaction: Innovative Referral Reward Mechanism

To increase user engagement and social interaction, Moonshot has introduced a novel referral reward mechanism. Users can earn 50% of all trading fees from each successful referral of a friend, while the referred user can receive meme coins worth $100 from a third-party sponsor's MEME reward pool as a reward. This model not only encourages more frequent communication among users but also promotes healthy growth of the platform's user base. Through this socialized reward mechanism, Moonshot effectively increases platform activity and gradually forms a social investment community.

For the younger generation, the referral reward mechanism not only adds fun to social interactions but also incentivizes users to participate in sharing, creating spontaneous word-of-mouth marketing. Moonshot leverages this interactive model to build a social community ecosystem where users can not only access investment information but also share trading experiences, achieving a symbiotic development between the community and the platform.

Moonshot: An Innovative Force Focused on the Meme Niche

In the increasingly competitive landscape of the crypto market, major trading platforms have significantly changed their strategies for selecting tokens. No longer solely relying on market popularity, these platforms have begun to consider the potential value that tokens can bring, especially showing particular caution in the selection of MEME coins. This strategy has created a unique development opportunity for Moonshot, which focuses on the meme market, allowing it to rapidly rise in this niche.

The short-term explosiveness and timeliness of meme coins often prevent large exchanges from quickly responding to market trends. This has led to a significant disconnect between large exchanges and small projects. Due to their size, large exchanges find it difficult to adjust flexibly; the process of listing assets requires complex research, market-making preparations, and promotional designs. In contrast, Moonshot, with its small and agile characteristics, focuses on the meme market, providing retail users with a more flexible and rapid entry channel. For young people looking to quickly accumulate wealth in the crypto market, Moonshot is not just a trading platform but also a convenient gateway to the Web3 world.

As an innovative application that seamlessly combines fiat payments with meme coin trading, Moonshot significantly lowers the technical barriers for users, creating an efficient and convenient trading model. This design is particularly appealing to Web2 users who are unfamiliar with blockchain technology, helping them easily step into the Web3 world. By combining decentralized finance (DeFi) with centralized exchanges (CEX), Moonshot meets users' growing demands for transparency, security, and control, quickly winning the favor of a large number of new users.

Moreover, the development of Moonshot has sparked discussions about whether "mobile wallets will replace CEX." Although early wallet applications only had basic trading functions, the technology level and market environment at that time were insufficient to shake the dominance of CEX. Today, Moonshot fills the market gap with its "evolved wallet" form. It not only retains the operational convenience of CEX but also features an efficient token listing mechanism and low trading costs, thus meeting users' demands for flexibility and quick responses.

In the future, user-friendly applications like Moonshot will continue to emerge, potentially further eroding the market share of centralized exchanges (CEX). As the meme coin market continues to develop and competition intensifies, Moonshot will continue to leverage its unique advantages to provide users with higher quality services and experiences, solidifying its position in this niche market. This innovation not only brings a convenient trading experience to users but also injects new vitality into the meme market, promoting the healthy development of the entire crypto ecosystem.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink