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Bonk Eco continues to show strength amid $USELESS rally
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Pump.fun to raise $1B token sale, traders speculating on airdrop
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Boop.Fun leading the way with a new launchpad on Solana.
counterpoint: there has been way more turnover in the pro-terminal market than with launchpads
pump has weathered far more attacks than anything else (until recently)
meanwhile, pro trading UIs have had much more turnover (photon → bullx → axiom)
fighting pump is a coordination challenge. to win, you have to:
~ convince all the liquidity that’s chasing new pairs to start chasing pairs on your launchpad
~ convince “devs” to launch assets with you
~ convince coin CTOs to run up coins your launchpad
but these groups reinforce each other:
~ devs are there because the liquidity is there
~ liquidity is there because the rest of liquidity is there (and devs are also there)
in order to fight axiom:
~ you can start by convincing a single trader to switch over because it’s a single player tool

4.8. klo 03.36
This same framework is why Axiom will continue to dominate while all the launchpads compete in a race to the bottom on incentive spend (eg Pump, Bonk, Believe, Boop etc)
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