Ansem says the market may be underestimating pump.fun’s potential as token-launch platform infrastructure
BIBIBI
AT A GLANCE
Ansem believes that pump.fun could become infrastructure similar to L1, and PUMP could be valued based on L1 logic.
Article
Ansem：PUMP Based on L1 a logical valuation, bullish on pump.fun becoming a super app in this cycle
BlockBeats reports that October 4, crypto trader Ansem said that the market has not yet fully priced in pump.fun becoming underlying infrastructure similar to L1; in the future, other token-launch platforms could build directly on top of it.
Currently, few people are paying attention to the creator fee revenue share paid by pump.fun to token creators. The amount is close to 1: 1, meaning that for every approximately 500000000 USD in revenue generated by the platform, token creators can receive approximately 500000000 USD in creator fees after the token completes the bonding-curve phase. Therefore, the team has a strong incentive to build products on top of pump.fun.
He believes that this economic structure may be superior to traditional L1, because pump.fun can earn fees from every token-launch platform at each layer and every token issued by them. As features such as custom trading pairs and Callout Rewards are introduced, the market may gradually value L1 using an approach similar to PUMP. He also expressed strong confidence in the investment thesis that pump.fun will develop into a “super app” during this cycle.
Original link https://m.theblockbeats.info/flash/370198
Key points
01
Crypto trader Ansem said that the market has not yet fully priced in pump.fun becoming underlying infrastructure similar to L1.
02
Ansem said that other token-launch platforms could directly build on top of pump.fun in the future.
03
The platform’s revenue is close to the creator fee revenue share paid to token creators 1: 1。
04
The article says that for every approximately 500000000 USD in revenue generated by the platform, token creators can receive approximately 500000000 USD in creator fees after the token completes the bonding-curve phase.
05
Ansem believes that this economic structure may be superior to traditional L1, and is bullish on pump.fun developing into a “super app” during this cycle.
06
The article mentions features such as custom trading pairs and Callout Rewards.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Ansem’s core judgment is that pump.fun may be more than just a token-launch platform and could also become underlying infrastructure for other platforms and products. If this model continues to generate fees, the market may try to evaluate PUMP。
Why it matters to readers
This is a view concerning the pump.fun platform’s value and PUMP valuation approach; if other platforms do in fact build on top of it in the future and continue generating fees, this logic may receive more attention.
L1 as an underlying blockchain network supporting the operation of other applications. The view is that pump.fun could play a similar infrastructure role, but this does not mean that outcome has already been achieved.
Risks and unknowns
The above content mainly reflects the views of crypto trader Ansem and does not represent a verified result.
The evidence does not clearly establish that other token-launch platforms have already built on pump.fun in practice.
The evidence provides no independently verified data on the platform’s revenue, creator fee revenue share, or usage of related features.
PUMP Whether it will receive a valuation similar to L1 remains uncertain.
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L1
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