Memecoins on Solana: A Tale of Low Success Rates

Solana 上的 Memecoin：成功率低的故事

Memecoins, often likened to fads, are showing signs of fizzling out, especially on the Solana platform. Recent statistics paint a bleak picture for these tokens on this blockchain, with Solana's Pump Fun platform failing to propel these ephemeral creations into sustainable successes. Let's delve into the details to understand what is truly happening in this evolving realm.

通常被比作时尚的 Memecoin 正显示出消亡的迹象，尤其是在 Solana 平台上。最近的统计数据为该区块链上的这些代币描绘了一幅黯淡的景象，Solana 的 Pump Fun 平台未能推动这些短暂的创作取得可持续的成功。让我们深入研究细节，了解这个不断发展的领域中真正发生的事情。

Memecoins and Solana: A History of Failure Rates

Memecoin 和 Solana：失败率的历史

It's another tale of crypto meme fails! On Solana's Pump Fun platform, memecoins are overwhelmingly failing to make a mark. According to data from Dune Analytics, only 1.41% of tokens created through Pump Fun ever make it to Raydium, a Solana-based DeFi platform.

这是加密模因失败的另一个故事！在 Solana 的 Pump Fun 平台上，模因币绝大多数都未能留下痕迹。根据 Dune Analytics 的数据，通过 Pump Fun 创建的代币中只有 1.41% 进入了基于 Solana 的 DeFi 平台 Raydium。

This figure has fluctuated between 1.21% and 1.41% since May, with an all-time high of 2.56% last February. These statistics do not bode well for memecoins, which seem unable to sustain any lasting value in the market.

这个数字自5月以来一直在1.21%至1.41%之间波动，去年2月创下2.56%的历史新高。这些统计数据对于模因币来说并不是好兆头，它似乎无法在市场上维持任何持久的价值。

Adam Cochran, a partner at Cinneamhain Ventures, revealed in a Twitter post that approximately 1.4% of projects listed on a DEX reach a valuation of $69,000.

Cinneamhain Ventures 合伙人 Adam Cochran 在 Twitter 帖子中透露，在 DEX 上上市的项目中约有 1.4% 的估值达到 69,000 美元。

Moreover, no new token has truly surpassed the $20 million Fully Diluted Valuation (FDV) mark. This suggests that the memecoin cycle appears to be winding down, despite the resilience of Dogecoin (DOGE), Shiba Inu (SHIB), and their ilk.

此外，还没有新的代币真正超过 2000 万美元的完全摊薄估值 (FDV) 大关。这表明，尽管狗狗币（DOGE）、柴犬币（SHIB）等具有弹性，但模因币周期似乎正在逐渐结束。

As Cochran puts it, "We're starting to flush out the meme cycle."

正如科克伦所说，“我们正在开始消除模因循环。”

Memecoins: A Rare Success Story

Memecoins：一个罕见的成功故事

Despite these disheartening figures, there are still a few memecoins managing to rise above the noise. Bread, a Web3 developer and crypto commentator, highlighted that of the 1.58 million tokens created, only 22,300 have made it to Raydium.

尽管这些数字令人沮丧，但仍有一些模因币成功超越了噪音。 Web3 开发者兼加密货币评论员 Bread 强调，在创建的 158 万个代币中，只有 22,300 个进入了 Raydium。

It's important to note, however, that the ease with which projects can be created on Pump Fun may contribute to this low success rate. Launching a token on this platform incurs a 1% transaction fee until the market cap reaches a certain threshold.

然而，值得注意的是，在 Pump Fun 上创建项目的便捷性可能是导致成功率较低的原因之一。在该平台上推出代币需要支付 1% 的交易费，直到市值达到一定阈值。

Some key statistics reveal:

一些关键统计数据显示：

• Out of 1.58 million tokens created, only 22,300 have made it to Raydium.
• In July, Pump Fun accrued roughly $864,000 in 24 hours.
• This outpaced Ethereum's $550,000 during the same time period.

These rare successes demonstrate that despite the vast majority of failures, memecoins do contribute to the platform's revenue.

在创建的 158 万个代币中，只有 22,300 个进入了 Raydium。7 月份，Pump Fun 在 24 小时内累积了大约 864,000 美元。这超过了以太坊同期的 550,000 美元。这些罕见的成功表明，尽管绝大多数失败，memecoins为平台的收入做出贡献。

Despite the overall negative outlook for memecoins on Solana, there are positive data points, particularly due to DEX platforms such as Raydium. The crypto market remains unpredictable, but these figures offer a glimmer of hope for savvy investors.

尽管 Solana 上的 memecoin 整体前景不佳，但也有积极的数据点，特别是由于 Raydium 等 DEX 平台。加密货币市场仍然难以预测，但这些数据为精明的投资者带来了一线希望。