Pumpfun (PUMP) has announced the launch of its Project Ascend update aimed at creating a more sustainable and community-focused ecosystem.
Dynamic Fee Structure
The most important innovation introduced is the dynamic and tiered fee system known as Creator Fees V1. In this system, Creator Fee rates are determined by the market capitalization of tokens. Higher-capitalization tokens will have lower fees, while lower-capitalization projects will face higher rates. This structure will apply to all tokens on PumpSwap; however, the fees passed on to the protocol and liquidity providers (LPs) will remain unchanged.
PUMP Price Surge
Today, the price of PUMP increased significantly by 11%. This may be linked to the new changes in the fee structure and heightened interest in the project.
Goals of the Update
The Pumpfun team explained that the goal of this update is to support the long-term growth of coins in the ecosystem and provide content creators with a stronger revenue model. They believe the dynamic fee structure will simplify marketing, content creation, and community activation. Pumpfun aims to attract more talent to the ecosystem and become the leading project and community hub on Solana.
The Project Ascend update from Pumpfun represents a significant step towards creating a sustainable ecosystem that supports both content creators and users while fostering the growth of the project.
