Internet Capital Markets
In the last 12 months, mainly due to pump.fun Solana has seen a massive surge in token creation. With daily launches regularly in the tens of thousands. While we can all agree this represents a vibrant and permissionless economy, it’s also highlighted a huge discovery gap. Out of the millions of tokens launched only 0.00009% account for the majority of the markets total value.
This concentration proves that while liquidity is flowing at an incredible rate, it’s rarely staying.
With peak dex volume over the last 12 months peaking at $2 Billion daily, capital is clearly present yet often trapped in short extractive cycles. In this hyper-speed environment, the median hold time for a new token is now on average, 100 seconds. At the moment this isn’t just an ecosystem of long-term builders, it’s a high frequency extraction machine.
Serpent was created to fill the vacuum left by this volatility. While Solana has historically been known as the “Meme Flywheel” due to sub-cent fees and high throughput, we believe the transition towards a serious, value driven utility market isn’t far away. Serpent acts as the filter for this new era, identifying those that are here to build the future rather than just survive the next 100 seconds.
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