Launchpad War one ️⃣ Solana: The most competitive launch platform ecosystem To create a new Launchpad, it is not only necessary to innovate in mechanism and positioning, but also to find a clear ecological positioning. The competition in the Solana ecosystem is the most intense, with Pump fun @ pumpdotfun, Bonk fun @ bonk_fun, and Believe @ believe app, each with its own unique advantages. There are also a series of newly released platforms: Jupiter, Moonshot Bonk fun: closer to the community and the return of transaction fees to the ecosystem. Believe: A launch platform for practical projects aimed at independent developers. two ️⃣ Multi chain Launchpad The competition of Launchpad is not just about competing for innovative points, but more importantly, occupying the "default entrance" mentality of a certain chain. BNB Chain's Four @ four_mame_ does not require more innovation than Pump fun. Four is the only Meme launch platform on BNB Chain that has Launch+heat reception, and is the default Meme entrance for users, which is the moat of Four.meme. The same also applies to: 1) Hyperevm's LiquidLaunch 2) Base's AI Launchpad - Virtual 3)Base meme Launch--Clanker Because of the ecological positioning of the above launch pads, their valuation will be slightly higher. Ecological explosion → Ecological default using this platform → Investors don't know which project to buy, so they just buy platform coins Platform coin=the "index" of ecological prosperity, just keep up with the rise For example, Hyperevm's LIQD was quickly inflated to 100M by funds after the HYPE surge triggered an ecological explosion. Even though the product was still lagging and the data was average, the "ecological default entrance" gave it a premium. three ️⃣ The metaphor of competition in the milk market The competitive model in the milk market is similar to that of Launchpad: At first, everyone was selling "pure milk": with high basic demand and low threshold, but serious homogenization and bloody price wars. Later, the company began to segment: Selling 'high calcium milk': emphasizing healthier and more nutritious Selling yogurt: emphasizing taste, functionality, and differentiation Applied to Launchpad: Pump Fun is like a company selling pure milk, the most popular, cheapest, and most popular. Bonk Fun is a high calcium milk that has received community feedback and funding returns. Believe is yogurt, looking for independent developers to do long-term projects. And multi chain Launchpad is like a company that sells pure milk in overseas markets: if there is competition in the local market, it becomes the "first launch platform" on the new chain, occupying the mind and having users first. four ️⃣ analysis In the future, Launchpad will be as segmented as the milk market, with Pump Fun focusing on Meme/news hotspots, Virtual monopolizing Base's Ai project launches, Kaito/Finance wallet monopolizing VC coins' TGE, and Believe winning practical project launches. The segmentation of the market will also lead to Launchpad not dominating, and Pump Fun's market share will be divided among major launch platforms. In the fiercely competitive future, Launchpad, which lacks innovation, highlights, and occupies the minds of users on the chain, will continue to be sluggish. Even if it is a launch platform under a big agreement, it will only gain some exposure and hype in the early stages, and will gradually lose its voice in the future.