The moment for Base is arriving.

On-chain data shows that Base blockchain has maintained the highest net capital inflow over the past three months, far surpassing Solana, Sui, StarkNet, and BNBChain, further highlighting its profit-making effect. Among them, Clanker, as a Memecoin issuance platform that embraces and leads this trend, has launched tokens such as $CLANKER, $ANON, and $LUM, each with a market value exceeding ten million dollars, quickly becoming a market hotspot.

This article will explore the development, team, mechanisms, and innovations of the Clanker platform, as well as provide a brief introduction to the popular projects on the platform for user reference.

What is Clanker?

Clanker is an AI-driven “tokenbot” based on the Base network. Users simply need to @Clanker on Web3 social platforms like Warpcast or Supercast, describing the token’s name, symbol, content, and image they wish to issue. Clanker will then launch an ERC-20 token on the Base chain with a single click. After the token is launched on Clanker, the system will automatically create a Uniswap V3 pool with an initial market value of $30,000.

Source: Clanker

The entire token creation process on Clanker is quite simple and free of charge. The only requirement for token deployment is that the user creating the token must have a Farcaster account and a good Neynar user rating.

The first token on the Clanker platform was created on November 8. As of now, the platform has deployed a total of 10,715 new tokens, with cumulative token trading volume exceeding $1.047 billion. Within a month, the Clanker platform’s revenue has surpassed $10 million.

Team Background and Funding

Clanker was created by an anonymous development team called Proxy Studio, initially consisting of two members: full-stack engineer Jack Dishman and @proxystudio.eth, both of whom are also developers within the Farcaster ecosystem.

Given Clanker’s rapid rise, Farcaster founder Dan Romero mentioned in an interview that he hopes to create one hundred Clanker-like opportunities on Farcaster.

Farcaster is a decentralized social network founded in 2021. Over the past three years, Farcaster has raised $30 million in a seed round led by a16z and $150 million in a Series A round led by Paradigm. Other investors include Coinbase Ventures, Standard Crypto, 1confirmation, Multicoin Capital, Archetype, and Union Square Ventures. Farcaster’s latest valuation is $1 billion.

Clanker vs Pump.fun

As the leader of the one-click Memecoin issuance platforms, Pump.fun’s position remains unchallenged. However, the rapid pace of change in the crypto market is astounding, and any potentially promising project can quickly rise with the right momentum. Perhaps the explosion of the Base ecosystem is Clanker’s biggest catalyst.

So, how does Clanker compare to Pump.fun regarding similarities and differences?

• Blockchain

Pump.fun was initially launched on the Solana blockchain, later integrating with Base and Blast networks. Solana, as its primary market, offers advantages such as fast transaction speeds and low fees. In contrast, Clanker was created on the Base chain, backed by Coinbase’s support, which gives it certain advantages in terms of user acquisition, ecosystem product integration, and more.

Source: artemis.xyz

Artemis platform data shows that the Base chain has seen a net capital inflow of $1.7 billion over the past three months, surpassing Solana’s $1.3 billion. Both are significantly ahead of blockchains like Sui, StarkNet, and BNBChain. The movement of on-chain capital to some extent reflects the potential explosive power of these blockchains.

• Fee Structure

On the Pump.fun platform, token creators initially had to pay around 0.02 SOL (approximately $3) to deploy a token. After updates, this fee is no longer required and is instead borne by the first buyer of the token. Additionally, if the token exceeds the Bonding Curve limit of $69,000, the token creator is rewarded with 0.5 SOL. Clanker, on the other hand, uses a “post to mint” approach, with no binding to the Bonding Curve. Token applicants do not need to pay any creation fees.

In terms of transaction fees, the two platforms also differ greatly. Pump.fun charges a 1% fee on each transaction during the Bonding Curve period, which is fully held by the platform. Clanker also charges a 1% fee, but 40% of it goes to the token applicant, while the platform takes the remaining 60%.

The latest data shows that Pump.fun has accumulated approximately 1,641,500 SOL (about $389 million), while Clanker has accumulated around $10.45 million.

• Ecosystem Development

Pump.fun launched in January of this year and began to gain momentum gradually in late March. On November 20, it set a new daily token creation record of 69,046. As of now, Pump.fun has deployed over 4.41 million tokens. Of these, approximately 1.59% of the tokens successfully graduated to be traded on Raydium.

Source: Dune @hashed_official

Clanker has been live for just one month, during which it has completed the iteration from v0 to v1. The platform has created around 10,000 tokens, with daily token creation ranging from several hundred to a thousand.

As for daily token trading volume, there is a significant gap between the two platforms. Pump.fun sees daily token trading volume in the hundreds of millions of dollars, while Clanker maintains a daily volume in the thousands of dollars.

Source: Dune @clanker_protection_team

• Community Popularity

Considering the platform’s creation time and level of success, Pump.fun currently leads Clanker by a significant margin in both community size and market heat. Pump.fun’s official X account has around 247,000 followers, while Clanker has only 12,000.

Popular Projects on Clanker

Although Clanker seems like a newcomer compared to Pump.fun, in just the past month, three tokens on the platform have reached a market value of over $10 million: $CLANKER, $ANON, and $LUM. Additionally, there are around ten projects with market values exceeding $1 million.

About CLANKER ($CLANKER)

$CLANKER was created on November 8 and is the first Memecoin launched on the platform, with a total supply of 1 million tokens. It currently has a market value of $65.1 million, making it the highest-valued project on the Clanker platform.

After launching, $CLANKER remained dormant for about ten days, until it began to surge on November 21, with its price skyrocketing from around $5 to a peak of $140, marking a 2,700% increase. Its market value briefly surpassed $140 million. The latest data shows that around 24,500 addresses hold $CLANKER, with the top 10 holders accounting for 27.48% of the total supply.

About Luminous ($LUM)

$LUM was also created on November 8, with a total supply of 1 million tokens. It currently has a market value of $34.7 million, ranking second on the Clanker platform, just behind $CLANKER.

Source: @luminousbase

The creation of $LUM is quite interesting, as it was a collaborative effort between two AI agents. A user named naaate asked the AI agent aethernet to help issue a token, and aethernet then called on Clanker to assist in launching the token.

Soon after its creation, $LUM saw a massive surge, with its price rising from a low of $6 to over $83 in just two to three days, marking a 1,283% increase. However, the price then experienced a significant pullback and currently hovers around $28. The latest data shows that there are about 141,800 addresses holding $LUM, with the top 10 holders accounting for 20.55% of the total supply.

About Super Anon ($ANON)

$ANON was created on November 14, with a total supply of 1 billion tokens. Its market value is $28.4 million, making it the third-largest project on the Clanker platform. The number of addresses holding $ANON on-chain is approximately 76,400.

Source: anoncast.org

$ANON was issued by an anonymous user, @Superanon, through the Farcaster third-party client Supercast @Clanker. However, unlike other Memecoins, $ANON offers certain utility. For instance, the anonymous posting platform Anoncast requires users to hold a certain amount of $ANON to post and promote content. Additionally, in its newly launched Anonfun service, users must also hold $ANON to anonymously create tokens. What significantly boosted the exposure of Anoncast was its anonymous posting feature using Zk-SNARK technology, which attracted the attention of Ethereum co-founder Vitalik Buterin, who went on to purchase $ANON tokens.

Conclusion

As a Memecoin issuance platform, Clanker’s completely free and easy-to-use token deployment process holds significant appeal for users. More importantly, Clanker is positioned at the intersection of the Base chain and the AI boom, giving it notable advantages in funding, user traffic, and market attention.

However, despite Clanker’s progress so far, its future development will depend on the team’s own planning and efforts. In the perilous world of crypto, opportunities always come with risks, and the projects that succeed in the end will be those whose development journey is remarkable and resilient.