**[Ansem: PUMP Can Be Valued Using L1 Logic, Optimistic About pump.fun Becoming a Super App This Cycle]** BlockBeats News, October 4 — Crypto trader Ansem stated that the market has not yet fully priced in pump.fun's potential to become foundational infrastructure similar to L1, enabling other token issuance platforms to build directly on top of it in the future. Currently, few people are paying attention to the creator fee-sharing mechanism that pump.fun offers to token creators. The amount is nearly a 1:1 ratio with platform revenue—i.e., for every $500 million in platform revenue generated, token creators can earn approximately $500 million in creator fees after completing the token bonding curve phase. This provides strong incentives for teams to build products on pump.fun. Ansem believes that this economic model may be superior to traditional L1s because pump.fun can collect fees from every layer of token issuance platforms and every token issued on them. With the introduction of features like custom trading pairs and Callout Rewards, the market may gradually begin valuing PUMP in a manner similar to L1s. He also expressed strong optimism about the investment logic of pump.fun evolving into a "super app" during this cycle. [Original Link]