A major platform upgrade by Pump.fun, a popular Solana-based memecoin launchpad , is reshaping the crypto creator economy.
Following the launch of Project Ascend, the platform has seen an explosive surge in activity and payouts, attracting global attention and a new wave of creators.
Project Ascend: Enhancing Creator Earnings on Pump.fun
The new model overhauls how creators are paid on Pump.fun, introducing a dynamic fee system that gives them a larger cut in a project’s crucial early stages.
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In principle, as a token’s value increases, the fee rate decreases, a design meant to incentivize long-term growth over quick profits.
The impact was immediate and dramatic. In the first 24 hours, Pump.fun creators earned over $2.1 million in fees, with total commissions reaching $3.26 million, according to Messari .
Meanwhile, during September 3 alone, 30 creators earned more than $20,000 each under the new system.
One project, Gainzy, earned $88,000, even after what the platform described as a “miss-click,” indicating the payout was unusually high, according to Dune Analytics researcher Adam. Analysts predict this could trigger a boom in new creator coins.
The financial incentive has directly fueled a massive increase in new projects. On September 3 alone, 27,607 new tokens were deployed on Pump.fun, which is 21 times more than competing Solana memecoin launchpads such as LetsBonk (1,268) or Sugar (1,106).
Source: Dune
Over the past 24 hours, Pump.fun’s trading volume reached $192.17 million, more than 21 times the $9 million recorded by its closest competitor, BonkFun.
According to analytics firm Messari, this boom has pushed Pump.fun’s visibility to new heights, with the platform’s “mindshare” among crypto users spiking 228% after the update
Why This Matters
Project Ascend shows a shift for the crypto creator economy, effectively turning Pump.fun into a more sustainable and lucrative platform for new projects.
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People Also Ask:
Project Ascend is Pump.fun’s latest upgrade, introducing a dynamic fee system to increase creator earnings and incentivize sustainable token growth.
The update was designed to make the platform more attractive for creators, encourage more token launches, and promote a sustainable creator-focused token economy.
Small and independent creators benefit significantly, as early-stage projects receive a larger share of fees, often surpassing earnings on traditional streaming platforms.
Creators earn a portion of transaction fees. Early-stage projects typically receive a larger share, while fees adjust as the token grows.
