News Heat Trend
Related news
Rune on Pump.fun Launching MemeStocks: Industry Leaders Should Drive More Innovation Rather Than Continuously Copying Proven Models
Odaily News – Crypto trader Rune (@RuneCrypto_) posted on X, stating that Pump.fun holds over $2 billion in cash, with a valuation of approximately $4.4 billion, making it one of the most influential platforms in the Meme coin market this cycle. However, since launching the Bonding Curve model, its subsequent product expansion has largely been a response to market demand already validated by other teams.Rune cited examples, noting that after Axiom's rise, Pump acquired Padre and renamed it Terminal; after fomo emerged, Pump added social features to compete for KOLs; and now that products combining Meme coins with equity-related assets have appeared on BNB Chain, Robinhood, Stonks, and Base, Pump has launched a similar MemeStocks feature.Rune stated that this strategy is not entirely ineffective—for instance, Padre's market share rose from roughly 2% to 10% after its acquisition. However, as a leading platform with substantial capital and resources, Pump should focus more on creating unvalidated new products rather than continuously replicating existing models. Otherwise, it may weaken the incentive for smaller teams to pursue product innovation, ultimately slowing the industry's overall pace of development.
Axiom
Axiom
Base
Binance
BNB Chain
Chain
On-chain trading terminals recorded weekly trading volume of $6.35 billion, with GMGN contributing $2.07 billion
According to Dune data reported by Odaily, on-chain trading terminals recorded a weekly trading volume of $6.35 billion over the past week, the highest level since the TRUMP Meme coin craze. Among them, fomo recorded a weekly trading volume of approximately $2.38 billion, GMGN approximately $2.07 billion, Axiom approximately $714 million, while PumpApp and BasedBot reached approximately $490 million and $450 million, respectively.
Axiom
Axiom
Dune
fomo
Official Trump
Analysis: Robinhood Chain's Active Trading Mainly Comes from Trading Terminals Like GMGN and OKX, with Robinhood Wallet Confirmed Trades Accounting for Less Than 1%
Odaily News According to ARK Invest Digital Asset Research Head Lorenzo Valente, who shared on X platform, after analyzing contract-level data on Robinhood Chain, he believes that the current on-chain active trading mainly comes from existing crypto trading users, not the large-scale influx of new crypto users brought by Robinhood.Valente stated that Robinhood Wallet's Swap routes through the 0x Settler contract, which is currently the only on-chain activity he can clearly identify as Robinhood user activity, accounting for less than 1% of total transactions. Even when including some unidentifiable long-tail activity in the calculation, his estimate is only around 5%. The remaining trading activity mainly comes from trading terminals such as GMGN, Axiom, and OKX.
Ark
Ark
Axiom
Axiom
Chain
Digital Asset
Dragonfly Partner: Meme Coin Trading is Retail-Driven, Should Not Exhibit Weekend Lull Typical of Professional Markets
Odaily Odaily News: Dragonfly partner Haseeb posted on X platform, responding to doubts about the long-term stability of Pump.fun's revenue curve. He believes this phenomenon is not abnormal and, from a macro perspective, closely resembles the trend of overall crypto spot trading volume.Haseeb stated that some users suspect data anomalies because daily trading volume appears too stable, lacking a weekend dip. However, he argues this perspective overlooks the participant structure of the Meme coin market. Since Meme coin trading is primarily driven by retail investors, it does not experience a significant decline in trading volume on weekends, unlike markets dominated by professional traders and hedge funds such as Hyperliquid.Haseeb noted that users can verify this by examining Pump.fun's pre-issuance revenue data, which previously showed similar stability and does not indicate any irregularities. Additionally, he mentioned that trading terminals and Telegram bots have relatively high trading volumes, so their revenue is not necessarily highly correlated with Pump.fun itself. Currently, the revenue curve of the largest trading terminal, Axiom, closely resembles that of Pump.fun.
Axiom
Axiom
Hyperliquid
Pump.fun
Telegram
Space fintech company Nebex completes $30 million seed funding round, led by Google Ventures
Nebex, an early-stage space fintech company founded by former Axiom Space CEO Tejpaul Bhatia, announced the completion of a $30 million seed funding round, led by Alphabet's Google Ventures. Nebex aims to build an online platform connecting global space industry transactions, matching U.S. space companies, foreign institutions seeking to procure or build space capabilities, and investors looking to participate in related financing, while charging fees from transactions. The project is reportedly seen as a combination of the "space economy + financial infrastructure." (Bloomberg)
Axiom
Axiom
Space