Solana-Based Platform Pump.fun Launches ‘Project Ascend’ Upgrade
- Pump.fun launches Project Ascend, boosting revenue systems.
- New updates aim for 100x ecosystem growth.
- Solana benefits from increased platform activity.
Pump.fun has introduced “Project Ascend,” enhancing its Solana-native meme platform with a new revenue-sharing system, gaining insights from KOL Ansem on its ecosystem impact.
The update aims to boost platform economics, attract quality projects, and benefit Solana’s network activity, impacting the PUMP token and broader meme token market.
Pump.fun recently introduced “Project Ascend,” a significant upgrade to its revenue-sharing system on the Solana network. The update focuses on enhancing creator earnings and implementing dynamic fee structures for sustainable growth. This move positions Pump.fun as a leader in the meme token launch space.
Impact on Solana Ecosystem
Notable crypto influencer Ansem has highlighted Pump.fun’s impact within the Solana ecosystem. He noted that the platform outperforms Solana itself in daily earnings thanks to Solana’s low transaction fees. Project Ascend aims to leverage these strengths further.
“Pump.fun is one of the clearest examples of Solana product-market fit… [it] makes more money every day than Solana itself… Solana is designed in a way that supports this parallel processing…” (Source 3)
Market Response and Growth Potential
The market response to Project Ascend is favorable, with Pump.fun reporting substantial daily platform fees. Solana, as the base blockchain, stands to gain from elevated transaction volumes. The update aligns with Solana’s ability to handle high-frequency activity efficiently.
Project Ascend introduces innovations like dynamic fees and faster processing, fostering creator retention. Although the native PUMP token remains below its ICO price, the ecosystem’s growth potential could stabilize trading patterns. Historical trends in dynamic fee models suggest long-term benefits.
“Introducing Project Ascend, a series of updates that will 100x the pump fun ecosystem by making coins more sustainable & aligned with their communities. To start: – 10x more creator earnings via Dynamic Fees – 10x faster processing of CTO Creator Fee applications.” (Source 1)
