With what is being regarded as the LARGEST TGE this year with the $PUMP launch Watching a few charts following that launch i think is very important. Pump(dot)fun revenue chart Still in a downtrend from the January blow off top. This is their total revenue from PumpSwap and PumpFun. I do believe we see some of this come back to life after we see whatever incentives are present post token launch and how they intend to implement some form of flyhweel, or if there are future rewards for traders on PumpFun Token Graduations With a lack of volume, the token graduations also declining, the on chain eco is still very much so in a lull Once again, any incentives for volume to return this number could drastically rise in the coming weeks. In comparison I am closely watching the @RaydiumProtocol charts as well. With the flippening that occurred from LetsBonk and the fees generated, it would appear Raydium pools are also seeing an uptick even after their nice rise last month On top of this the Buyback program is steady at work. Something that I continue to keep a close eye on specifically due to the $RAY token and it's appreciation. The more revenue Raydium sees the larger the buyback flywheel will have. VERY interesting times for on-chain ecosystems.
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