The post Odin.fun challenges Pump.fun as Bitcoin’s first meme coin launchpad appeared on BitcoinEthereumNews.com.

Key Takeaways Odin.fun is a new Bitcoin-based platform for meme coin creation and trading. Odin.fun aims to capture the same attention as Pump.fun but on Bitcoin’s network, as Pump.fun surpassed $400 million in revenue by 2025. Odin.fun launched as Bitcoin’s first meme coin launchpad, aiming to create a platform similar to Pump.fun and attract a similar audience, as Pump.fun dominates the meme coin trading space with billions in volume. The platform enables meme coin creation and trading on Bitcoin despite the network’s lack of smart contracts. The launch follows the success of Pump.fun on Solana, which saw explosive growth in 2024. In November, the platform generated $106 million in revenue, making it the first Solana decentralized application to surpass $100 million in a single month. By early 2025, its total revenue had approached $400 million, with daily revenues reaching as high as $14 million. Odin.fun implements a bonding curve pricing model similar to Pump.fun, where token prices increase along a predetermined path until reaching a market cap of one Bitcoin. Tokens then transition to an automated market maker system for continued trading. The platform introduces session keys to streamline the trading experience, eliminating the need for users to approve each transaction manually – a common requirement in Bitcoin’s UTXO-based architecture. The introduction of Runes and platforms like Odin.fun signals Bitcoin’s entry into the meme coin trading space, long dominated by Solana and Ethereum. While Solana’s Pump.fun benefits from low fees and high transaction speeds, Odin.fun brings meme coin speculation to Bitcoin’s highly secure and liquid network. Source: https://cryptobriefing.com/bitcoin-meme-coin-launchpad/

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Filed under: News - @ January 31, 2025 6:25 pm