In 2024, asset issuance will be concentrated on a handful of platforms – most prominently pump.fun. These platforms became the dominant platforms for asset issuance, but crucially, the trading of assets took place elsewhere – through bots in Telegram group chats, aggregators like DexScreener and Birdeye, and sometimes directly in the Phantom wallet. Asset issuance and asset trading are not coupled in a single issuance-trading platform, but are split across a series of decentralized platforms....

In 2024, asset issuance will be concentrated on a handful of platforms – most prominently pump.fun. These platforms became the dominant platforms for asset issuance, but crucially, the trading of assets took place elsewhere – through bots in Telegram group chats, aggregators like DexScreener and Birdeye, and sometimes directly in the Phantom wallet. Asset issuance and asset trading are not coupled in a single issuance-trading platform, but are split across a series of decentralized platforms....