Author: Daniel Li, CoinVoice

In recent years, "Memecoin" has become a trend in the cryptocurrency market, with several hot issuance platforms emerging on the Solana chain. Pump.fun, launched in early 2024, quickly gained popularity, generating approximately $400 million in revenue throughout the year, and is considered a driving force behind the Solana memecoin craze. However, with multiple project collapses at the beginning of 2025 (such as the $LIBRA crash) leading to a market cooldown, user confidence has been significantly shaken. Against this backdrop, NFT "whale" Dingaling (former Binance CRO, PancakeSwap founder) launched Boop.fun in early May 2025. Boop.fun promotes "fair incentives for creators and communities," proposing to improve the distribution logic of traditional token issuance platforms through a token model and social interaction, bringing new expectations to the sluggish MEME market.

Boop.fun: A MEME Launch Platform Pursuing a Fairer Distribution Mechanism

Boop.fun was initiated by renowned NFT collector Dingaling, claiming to "make it easy for anyone to launch a memecoin," and introduced the native token $BOOP to build an incentive mechanism. After its launch on May 1, 2025, Boop.fun immediately ignited the market, with its market cap surpassing $500 million within just a few hours, and trading volume reaching $63.9 million in 1.5 hours.

Boop.fun adheres to the philosophy that "anyone with an idea and a community can create their own token," aiming to break the traditional issuance model's reliance on venture capital backgrounds and become a decentralized memecoin issuance platform focused on the "creator economy." Unlike earlier models that purely relied on funding or hype, Boop.fun emphasizes the bundling of interests with creators and communities: 50% of the total supply of its genesis token $BOOP will be allocated to cult (memecoins launched on Boop.fun) creators and holders, to "fairly compensate those who build and promote projects around their community." This "creator-centric" token economics design makes Boop.fun stand out from the beginning with its value proposition of "community and creator win-win."

To pursue a fairer distribution mechanism, Boop.fun employs multiple modular mechanisms, with detailed distribution rules from token creation to community incentives. The core can be summarized as a dual-driven model of "Cult incubation + token incentives."

Cult Creation and Promotion: [Users can connect their Solana wallet to the Boop.fun](http://Users can connect their Solana wallet to the Boop.fun) website and create their own cult, which is a customized Solana token (memecoin), after authenticating through their X account. The slogan "start ur cult" reflects a relaxed and entertaining atmosphere while leveraging the advantages of social media for dissemination. After creation, issuers need to promote this cult on social networks to attract fans to purchase. Boop.fun has set up a market cap milestone reward mechanism: when a cult's market cap reaches a certain target (e.g., $5 million), corresponding BOOP airdrops and unlocking speeds will be accelerated, encouraging creators to actively promote.

BOOP Token Design: Boop.fun launched the native token $BOOP, which serves as the core function of the ecosystem. First, $BOOP is used to reward users who successfully launch a cult: the system distributes 1,000,000 $BOOP daily to "graduated Cults" (where "graduated" means the cult has reached a market value threshold and entered the liquidity pool). Of these 1,000,000 BOOP, creators receive 10%, while the remaining 90% is shared among the cult's token holders based on their holdings. Additionally, Boop.fun adopts a creator-oriented distribution for the ecosystem: 50% of the total supply of $BOOP tokens will be used to reward cult creators and early holders, which is significantly higher than traditional projects. In short, Boop.fun encourages creators to build quality communities through token economics, with the reward mechanism directly linked to project success, forming a "creator → community → feedback" cycle.

Staking and Fee Dividends: Boop.fun also provides stable returns for $BOOP holders. $BOOP can be staked, and stakers will receive 60% of Solana transaction fees (from all memecoins traded on the Boop platform) and 5% of the new cult token supply. The platform stipulates that 30% of each transaction fee will be used for $BOOP buybacks and burns, further supporting $BOOP's value from a deflationary perspective. This mechanism means that long-term holders and stakers of $BOOP not only share in the transaction fee revenue generated by ecosystem growth but also receive a portion of the new token supply, achieving stable compound returns.

Diverse Airdrop Strategy: Boop.fun implements precise airdrops for early communities and influencers. The platform has reserved 150 million $BOOP for airdrops, targeting different groups: retrospective rewards for active memecoin traders, high-quality X accounts filtered by the KaitoAI algorithm, and rewards for new users who initiate cults. Airdrop amounts are distributed in tiers based on users' influence and promotional performance on social media, with a lock-up period (30 days) set to accelerate unlocking when market value reaches certain milestones. This complex airdrop system encourages veteran "memecoin veterans" to return to the Boop platform and attracts social media influencers to promote Boop projects, enhancing the platform's visibility and activity.

Technology and Integration: Boop.fun leverages the high performance and low fees of the Solana blockchain to support fast minting and trading. In terms of user experience, it integrates X identity verification (provided by Privy.io), allowing users to issue tokens with a "one-click" through their social accounts. Additionally, Boop.fun actively collaborates with ecosystem tools. With deep integration of Jupiter and MEVX, as well as real-time monitoring tools like AlphaScan and Bubblemaps, Boop.fun provides users with a "faster discovery + more transparent operation" token issuance experience, addressing the shortcomings of Pump.fun in data insights and project control.

From Minimalism to Win-Win: Boop.fun Challenges Pump.fun for Dominance in Memecoin Issuance

Before the emergence of Boop.fun, Pump.fun had already become the most influential memecoin launch platform on Solana with its "anyone can issue tokens" model. Since its launch in January 2024, users only need to fill in a name, code, and icon, and pay a 0.02 SOL issuance fee to create a token and automatically list it for trading with one click. Pump.fun adheres to "no pre-sale, no team private placement," effectively avoiding insider speculation, and for this reason, it was once referred to as "on-chain gambling"—by early 2025, the platform had issued over 7 million tokens, accounting for 71% of new tokens on Solana daily, with nearly 100,000 daily active addresses and daily revenue of about $2 million, totaling $400 million in revenue for 2024, and expected to exceed $1 billion in 2025.

However, the massive token issuance has also brought about the risk of bubble formation: excessive saturation, frequent price surges and drops, and "issuing tokens only to discard them" has become the norm; while platform revenues almost entirely belong to the project parties, token holders cannot share in this pie. It is precisely this one-way value extraction that has created a strong demand in the market for "fairer distribution," opening up space for the rise of Boop.fun.

As a latecomer, Boop.fun has absorbed the advantages of Pump.fun and further upgraded the token issuance and distribution mechanisms. Boop.fun launched the native token $BOOP, building a closed-loop incentive around "creator → community → platform value." The platform allocates 50% of $BOOP to successful "graduated" memecoin (cult) creators and holders, 15% for multi-level locked airdrops, and 60% of platform transaction fee dividends returned to stakers, with "30% buyback and burn" ensuring deflationary support. On the day of its launch, BOOP's short-term market cap broke $500 million, launching a strong challenge to Pump.fun's dominance in memecoin issuance.

The showdown between Boop.fun and Pump.fun is essentially a contest between the "minimalist issuance" and "win-win incentives" models. Pump.fun offers users the simplest token issuance and trading experience with an ultra-low threshold of 0.02 SOL, curve pricing, and the principles of "no pre-sale, no team private placement," accumulating considerable revenue through massive token issuance and trading fees, primarily attracting decentralized retail speculators. In contrast, Boop.fun integrates innovative incentives such as the issuance of the platform token $BOOP, 50% token distribution, dividend-like fee sharing, and multi-level locked airdrops, deeply binding creators and communities, shaping a "grassroots economy" and KOL-driven community culture. Its short-term valuation has rapidly increased due to the BOOP token, demonstrating strong capital attraction. To challenge Pump.fun's scale advantage, Boop.fun needs to continuously expand the number of "graduated" projects and daily active users, while leveraging more airdrop mechanisms and market monitoring tools to solidify the long-term appeal of its win-win ecosystem.

Boop.fun: Can It Become the Next Generation Meme Coin Launchpad in Web3?

With the comprehensive recovery of the Solana ecosystem in 2024, the rise of Boop.fun is sparking intense discussions about the "next generation Meme Launchpad." Against the backdrop of Solana's TVL rebounding to $8.01 billion (a 30% increase since October 2024) and accelerated institutional funding inflows (such as a $24 million strategic investment from DeFi Development Corp), Boop.fun attempts to reconstruct the underlying paradigm of memecoin issuance with "social capital tokenization" as its core logic. Its average daily fee income of $3 million and a market cap of $470 million not only validate the market's demand for a new type of Launchpad but also reveal the potential for deep integration between the Web3 creator economy and financial tools. Compared to the single token issuance function of traditional Meme Launchpads, Boop.fun breaks new ground by constructing a trinity structure of "issuance-incentives-governance."

On the technical level, the platform combines Jito liquid staking derivatives with a "1-minute token issuance" tool, endowing memecoins with inherent DeFi composability; in terms of the economic model, it pioneers a symbiotic mechanism between the BOOP token and airdrop rewards, allocating 35% of fee income to an ecosystem development fund, forming a value feedback loop; in the governance system, it introduces the veBOOP model, allowing the community to vote on key parameters such as fee distribution ratios. [This design allows Boop.fun](http://This design allows Boop.fun) to transcend a mere technical tool positioning, evolving into a community-driven value creation platform—where the dissemination power of users' social networks can be directly converted into staking rewards, and creators' influence is quantified through an on-chain reputation system. These innovations may redefine the valuation logic of the Meme economy.

However, to truly become the next generation Launchpad, Boop.fun still faces three major challenges. First is the market volatility dilemma: the 30-day volatility of the BOOP token at 83% far exceeds SOL's 41%, with high leverage operations exacerbating the fragility of the price system; second is the governance risk of the social fission mechanism, where excessive centralization of KOLs may lead to market manipulation controversies; finally, there is the gray area of regulatory compliance, as the U.S. SEC's classification of "social-driven tokens" remains uncertain. To address these issues, Boop.fun is building a moat through multi-dimensional strategies—partnering with Armanino for audits to enhance transparency, integrating Fireblocks multi-signature cold wallets to improve fund security, developing on-chain KYT tools to screen suspicious transactions, and planning to launch volatility hedging derivatives to stabilize market fluctuations.

Currently, the explosion of the Solana ecosystem provides an excellent testing ground for Boop.fun. The platform's recent launch of a memecoin index fund and social graph analysis tools reveals its ambition to evolve into structured products. Its core value lies in proving that when the Meme economy shifts from short-term speculation to long-term value capture, Launchpads can upgrade to social financial infrastructure. Data shows that 35% of the platform's revenue now comes from derivative services such as data analysis and liquidity optimization. If this transformation into "tools as a service" can be sustained, it may open a new era of "Community-as-a-Service" for Web3. But the ultimate answer still hinges on a fundamental question: can Boop.fun convert social momentum into sustainable protocol value amid the cyclical fluctuations of the crypto market? The success or failure of this experiment may determine the evolutionary direction of the next generation Meme Launchpad.

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