Memecoin creators on Pump.fun recorded significant earnings of over $2.1 million in 24 hours, triggered by the launch of Project Ascend.
Surge in Fees with Dynamic Fees V1
According to Dune Analytics, total commissions distributed to creators reached $3.26 million — a significant increase compared to the previous day. This spike coincided with the rollout of Dynamic Fees V1, which decreases commission rates as project value increases.
Growth Strategy for New Creators
While fees for the protocol and liquidity providers remain unchanged, every memecoin transaction now incorporates the new structure. Pump.fun claims that Project Ascend is aimed at attracting creators from beyond the traditional crypto space.
Streamers' Reactions to the New Earnings Model
Streamer Jytol, an early user of pump.fun, praised the model's impact: "The new model changes everything for small creators. I can build with just a small community and still earn more than what Twitch or Kick would provide in a year. It feels like we finally have a platform that rewards us properly."
Pump.fun plans to further expand Project Ascend, hinting at new features and upgrades to strengthen its ecosystem.
