Crypto trader Ansem said in a post on X that the market has not fully priced in pump.fun’s potential to evolve into infrastructure resembling a Layer 1 base layer, with other token launch platforms potentially building directly on top of it in the future. He argued that one underappreciated part of the model is the creator fee share paid to token creators, which he said is roughly matched 1:1 with platform revenue. In his example, if the platform generates about $500 million in revenue, token creators could receive about $500 million in creator fee sharing after tokens complete the bonding curve stage. Ansem said that structure gives teams a strong incentive to keep building products on pump.fun. He added that this setup may be better than a traditional L1 because pump.fun can collect fees not only from launch platforms built across its stack, but also from every token issued through those platforms. As features such as custom trading pairs and Callout Rewards roll out, he said the market may begin valuing PUMP using logic closer to that applied to L1 networks. He also said he is highly bullish on the thesis that pump.fun could become a “super app” in the current market cycle.
According to ChainCatcher, crypto trader Ansem said in a post on X that the market has not yet fully priced in pump.fun’s potential to evolve into infrastructure similar to a Layer 1 base layer. He said other token launch platforms could eventually be built directly on top of pump.fun.
Ansem said the market is paying limited attention to the creator fee sharing that pump.fun pays to token creators. He wrote that the amount is close to a 1:1 match with platform revenue. In his example, for roughly $500 million in platform revenue, token creators could receive about $500 million in creator fee sharing after a token completes the bonding curve stage, giving related teams a strong incentive to continue building products on top of pump.fun.
He said this economic structure could be better than that of a traditional L1 because pump.fun can collect fees from launch platforms built across its stack and also take fees from every token issued through those platforms.
Ansem added that as features such as custom trading pairs and Callout Rewards are introduced, the market may gradually start valuing PUMP using logic similar to that used for L1 networks. He also said he is highly bullish on the investment thesis that pump.fun can develop into a “super app” in the current market cycle.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
