CoinDesk reports:
In the top 15 DeFi launches for June, Memecoin-specific apps claimed five spots. Token launchpad pumps. Fun ranks as the second-highest-grossing product, trailing only the Ethereum mainnet, and even overturned Ethereum in 24-hour revenue on July 1.
Top protocols by 30-day revenue
Telegram trading bots like Trojan, BananaGun, Maestro, and BonkBot also made the top 15, with Trojan significantly outperforming Uniswap in revenue. These bots collectively generated $27.6 million in revenue over the past 30 days.
Memecoin super cycle
Crypto Twitter dubs 2024 the “memecoin super cycle,” where on-chain trading services have become a developer battleground since last year.
Modern on-chain traders now equip themselves with Telegram and Discord bots, wallet trackers, social media trackers, custom RPCs, and toolkits to discover the next PEPE or WIF.
With the launch of Unibot in 2023, Telegram trading bots gained popularity, with the bot hitting daily trading volumes over $3 million at peak, surpassing August’s $9 million.
Unibot’s token traded up to $220 million in market value. However, since competitors like BananaGun emerged and Solana meme coins gained popularity, Unibot’s token plummeted 96%, with the bot averaging only $1.2 million per day last week.
Unibot token price
On the other hand, BananaGun’s token trading remains near its all-time high, with a fully diluted valuation of $449 million. BananaGun initially seized market share from Unibot by bundling bribery features targeting new token snipers.
Since its launch, BananaGun has continued integrating with other chains like Solana, Base, and Blast, averaging $19 million in daily trading volume last week.
