Pump.fun, the leading Solana meme coin launch platform, made a major update to its ecosystem today. Following the announcement, PUMP token surged up to 14%. The platform introduced Project Ascend to enhance sustainability and boost rewards for content creators.
Boosting Creator Earnings with Project Ascend
Project Ascend introduces the Dynamic Fees V1, a tiered fee system that reduces creator fees as a project’s market cap increases. Pump.fun maintains the same protocol and liquidity provider distributions across all existing and new PumpSwap tokens. The company stated that content creators can now earn up to 10 times more under the new model.
This system encourages higher participation from creators and projects alike. By lowering fees for high-market-cap projects, Pump.fun promotes both ecosystem growth and sustainability. Creators can increase their earnings through marketing, funding, and scaling opportunities, making the platform a hub for community-driven crypto innovation.
https://twitter.com/pumpdotfun/status/1962916227090731353
PUMP Price Recovery and Platform Performance
Following the Project Ascend launch, PUMP traded around $0.003, with a 24-hour trading volume exceeding $220 million. This rebound comes after PUMP hit its all-time low of $0.00228 at the end of July. Despite recovery, the price remains below the ICO level of $0.004.
Meanwhile, Pump.fun continues to outperform competitors. Data from Jupiter shows the platform controls 84% of Solana’s meme coin market, while rivals like LetsBonk hold less than 6%. Additionally, Pump.fun has surpassed $800 million in lifetime fees thanks to its 1% swap fees.
By combining the new fee system with liquidity buybacks, Pump.fun strengthens both sustainability and broader adoption. This initiative also creates higher earning potential for creators, projects, and publishers, while helping mitigate investor losses.
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