diff --git a/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md
index 9f0ae560..6feadfa9 100644
--- a/entities/internet-finance/metadao.md
+++ b/entities/internet-finance/metadao.md
@@ -54,6 +54,7 @@ The futarchy governance protocol on Solana. Implements decision markets through
 - **2026-03** — Pine Analytics Q4 2025 quarterly report published
 
 - **2024-02-18** — [[metadao-otc-trade-pantera-capital]] failed: Pantera Capital's $50,000 OTC purchase proposal rejected by futarchy markets
+- **2026-03-00** — Competitive analysis positions MetaDAO as "quality filter" opposite of Pump.fun with 8 ICOs, $25.6M raised, 15x oversubscription versus Pump.fun's 11M+ launches with <0.5% survival rate
 ## Key Decisions
 | Date | Proposal | Proposer | Category | Outcome |
 |------|----------|----------|----------|---------|
diff --git a/inbox/archive/2026-03-00-solana-launchpad-competitive-landscape.md b/inbox/archive/2026-03-00-solana-launchpad-competitive-landscape.md
index 51f09778..4d04a7f4 100644
--- a/inbox/archive/2026-03-00-solana-launchpad-competitive-landscape.md
+++ b/inbox/archive/2026-03-00-solana-launchpad-competitive-landscape.md
@@ -7,9 +7,14 @@ date: 2026-03-00
 domain: internet-finance
 secondary_domains: []
 format: market-analysis
-status: unprocessed
+status: enrichment
 priority: medium
 tags: [solana, launchpads, pump-fun, metadao, capital-formation, token-launches, competitive-landscape]
+processed_by: rio
+processed_date: 2026-03-11
+enrichments_applied: ["futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility.md", "cryptos primary use case is capital formation not payments or store of value because permissionless token issuance solves the fundraising bottleneck that solo founders and small teams face.md", "ownership coins primary value proposition is investor protection not governance quality because anti-rug enforcement through market-governed liquidation creates credible exit guarantees that no amount of decision optimization can match.md", "MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Extracted three claims about competitive dynamics in Solana launchpad market: MetaDAO's oversubscription performance, Pump.fun's volume-based revenue model, and the broader market structure (9M launches, 0.5% survival). Enriched four existing claims with competitive context and survival rate data. Created four new entity pages (Pump.fun, Solanium, Bags.fm, Magic Eden) and updated MetaDAO timeline. The core insight is the curation-permissionless spectrum and how different business models (volume fees vs quality filtering) perform in a market with 99.5% failure rate. The 15x oversubscription vs <0.5% survival contrast is the key empirical validation of the brand separation thesis."
 ---
 
 ## Content
@@ -52,3 +57,14 @@ MetaDAO and Solanium are positioned as solutions — MetaDAO through futarchy pr
 PRIMARY CONNECTION: [[futarchy-governed permissionless launches require brand separation to manage reputational liability]]
 WHY ARCHIVED: Competitive landscape data positions MetaDAO's futarchy model against permissionless alternatives — survival rate data is the strongest argument for curation
 EXTRACTION HINT: Focus on the curation vs permissionless spectrum as a market structure claim — what does the 9M tokens / <0.5% survival rate tell us about where value accrues in capital formation?
+
+
+## Key Facts
+- Pump.fun: $700M+ revenue since January 2024 from 11M+ token launches
+- Pump.fun: 70% market share of Solana token launches at peak
+- Pump.fun: <0.5% of launched tokens survive 30 days
+- Solana 2025: 9M+ tokens launched, <0.5% survived >30 days
+- MetaDAO: 8 ICOs, $25.6M raised, 15x average oversubscription
+- Solanium: KYC + staking tiers + community vetting model
+- Bags.fm: 1% perpetual revenue share on trading volume to creators
+- Magic Eden: NFT-focused, highly selective launchpad