
We need more crypto launchpads. Yesterday at the office, a friend of mine told me we should build a crypto launchpad. I told him the market probably doesn’t need another one. Well, today I saw a tweet from @riowgmi showing how launchpad revenues have changed over the past month, and I think I owe him an apology. Some of these projects were backed and promoted by pretty big names in the industry. Just a few months ago, everyone was convinced they would challenge @Pumpfun and take a significant share of its market. Fast forward to today, pumpfun revenue is up 23%, while almost everyone else is down anywhere from 12% to 99%. Most of them are for nothing. Remember when every new launchpad was supposed to be the next big thing? Apparently, the market has spoken. Clearly, what this industry desperately needs right now is another 20 launchpads competing for the same traders and the same liquidity. Maybe I should call my friend and tell him we start building tomorrow.
