The graduation rate of pump.fun tokens remains low (around 1.4%), with 81.15% of graduated tokens never exceeding the $500,000 mark in market value.

Written by: Karen, Foresight News

As the live streaming feature of pump.fun approaches the edge of "out of control," bizarre, real-person manipulation, anti-humanity, and extreme live streams are surging like a tide. While this type of content attracts viewers' curiosity, it also challenges their psychological bottom line, sparking widespread discussions about platform regulation, legality, and ethics.

Setting aside these controversies, from a data perspective, since I wrote the article "Little-known pump.fun Data: 1.4% Graduation Rate, Only 3% of Users Profit Over $1,000" in August, the pump.fun platform has shown remarkable strong growth across multiple dimensions, including revenue, token deployment scale, user activity, transaction volume, and market influence. However, in stark contrast, the platform's graduation rate remains low (around 1.4%), with a staggering 81.15% of graduated tokens never breaking the $500,000 mark in market value.

First, let's look at the platform fees of pump.fun. According to the Dune dashboard data provided by evelyn233, the platform fees of pump.fun have continued to rise, reaching 1.46 million SOL within just 10 months of its launch, equivalent to over $250 million. However, as of November 19, pump.fun has sold a total of 898,243 SOL (approximately $157 million). Pump.fun is the fastest-growing application in terms of revenue in crypto history, achieving a revenue target of $100 million in just 217 days, and in the past month, the fee revenue of pump.fun has been comparable to that of Uniswap, both around $77 million.

Daily Token Deployment Surges, but Graduation Rate Remains Around 1.4%

In terms of token deployment, the number of tokens on pump.fun has approached 3.82 million, with the total number of addresses reaching 3.56 million. The daily deployment of tokens has shown a spiraling upward trend, with this month's daily deployment ranging between 40,000 and 55,000.

However, despite the new tokens emerging like mushrooms after rain, the proportion of tokens that successfully "graduate" (i.e., enter Raydium trading) remains around 1.4%. This means that out of nearly 3.82 million tokens, only 54,000 tokens have successfully "graduated," while a staggering 98.6% of wallets have never entered Raydium.

Daily Active Users Exceed 200,000 in the Past Week

In terms of user data, pump.fun's daily active users have exceeded 200,000 in the past week, a significant increase compared to 30,000 to 50,000 users in August. This reflects not only an increase in user numbers but also a growing dependency on the platform. Meanwhile, the influx of new users has also maintained steady growth, with over 100,000 new users joining daily in recent days.

Pump.fun Token Transaction Volume Far Exceeds Non-Pump.fun Tokens

In terms of transaction volume, according to the Dune dashboard data provided by Hashed, the number of token transactions on pump.fun has surpassed that of non-pump.fun tokens since August, with a monthly average transaction ratio of about 6:4.

However, it is worth noting that the transaction volume of non-pump.fun tokens still leads. In November, the transaction volume ratio of pump.fun tokens to non-pump.fun tokens was 43:57, whereas previously, the transaction volume share of pump.fun tokens was lower (from June to September, pump.fun tokens accounted for over 20% of the transaction volume).

81.15% of Graduated Tokens Have Never Exceeded $500,000 in Market Value

Further analysis reveals that, according to data updated by @adam_tehc five days ago, the graduation rate of pump.fun is only 1.6%. Among the successfully graduated tokens (43,846), a staggering 81.15% have never exceeded $500,000 in market value, with two tokens (PNUT and GOAT) having market values exceeding $1 billion.

• 35,579 tokens (81.15%) have never exceeded $500,000 in market value.
• 5,963 tokens (13.6%) have market values between $500,000 and $2 million.
• 1,846 tokens (4.21%) have market values between $2 million and $10 million.
• 369 tokens (0.842%) have market values between $10 million and $50 million.
• 64 tokens (0.146%) have market values between $50 million and $200 million.
• 23 tokens (0.052%) have market values between $200 million and $1 billion.
• 2 tokens (0.005%) have market values exceeding $1 billion (PNUT and GOAT).

Finally, in terms of profitability, if you earn over $10 million in profit on pump.fun, your profit ranking will be in the top 4; if you earn over $1 million, you will rank in the top 153; and if you earn over $100,000, your ranking will be in the top 3,336.

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