Ansem said on X that the market has not fully priced in pump.fun’s shift toward becoming base-layer infrastructure similar to an L1, arguing that other token launch platforms could eventually build directly on top of it. He added that for roughly every $500 million in platform revenue, token creators could receive about $500 million in creator fees after their tokens complete the bonding curve stage. In his view, the rollout of features including custom trading pairs and Callout Rewards could push PUMP toward an L1-style valuation framework over time. Ansem also said he is optimistic that pump.fun could develop into a super app during the current cycle. The remarks were reported by Odaily.
Odaily reported that Ansem said in a post on X that the market has not fully priced in pump.fun becoming base-layer infrastructure comparable to an L1, with other token launch platforms potentially able to build directly on top of it in the future.
He said that for about every $500 million in revenue generated by the platform, token creators could receive about $500 million in creator fees after their tokens complete the bonding curve stage.
Ansem added that as features such as custom trading pairs and Callout Rewards roll out, PUMP could gradually be valued using a framework similar to that used for L1 networks. He also said he expects pump.fun to develop into a super app in the current cycle.
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