The memecoin launchpad Pump.fun has unveiled its most significant upgrade to date with Project Ascend. This update aims to improve the platform's ecosystem and support the sustainability of token projects in the crypto industry.
Revamping Fees to Support Long-Term Projects
At the core of Project Ascend is Dynamic Fees V1, a tiered fee system that reduces costs for token creators as their market capitalization increases. This encourages legitimate builders to scale without financial strain. Additionally, the project has streamlined community takeover processes for inactive tokens.
Expanding Beyond Memes with Ecosystem Tools
Project Ascend introduces various tools, including the Kolscan analytics tool and a real-time revenue dashboard. Pump.fun has also launched the Glass Full Foundation to support community-driven projects, highlighting high-potential tokens.
Rising Competition, Renewed Dominance
The launch of Project Ascend comes during a decline in activity on Solana's decentralized exchanges. However, Pump.fun has reclaimed its leadership by minting significant volumes of tokens. In the last 24 hours, the platform minted 16,697 tokens, reinforcing its role as a launchpad for new projects.
While concerns about eliminating fraud remain, the innovations brought by Project Ascend may set new standards for the sustainability of memecoins in the crypto industry.
