The native token of Pump.fun has hit a new record. This rise coincides with new features aimed at boosting user engagement.
All-Time High for Pump.fun Token
On September 14, the Pump.fun token reached a new record of $0.0086, signaling a sharp rise following a slight decline since its summer debut. This offers hope for sustained growth of the asset.
New Features to Attract Users
Among the new features introduced by Pump.fun, the revival of the livestreaming function garnered the most attention, having been shelved previously due to safety concerns. Its return has already sparked a surge of activity on the platform, which now reports significant user interest, competing with mainstream services.
Platform Prospects Against Competition
According to co-founder Alon Cohen, Pump.fun has already surpassed Rumble in average concurrent streams and now holds approximately 1% of Twitch's share and 10% of Kick’s. Cohen noted that the platform's appeal to a broader content audience could greatly expand its reach. Despite critics' skepticism, he expressed confidence in continuing successes. Data from Dune Analytics shows that creator payouts reached a record $20 million last week alone, marking the highest weekly earnings in the project's history.
Given the significant changes and growing interest in Pump.fun, the platform appears to have reestablished itself as one of the most dynamic projects within the Solana ecosystem heading into the final quarter of the year.
