Solana Meme Coin Launchpad Pump.fun Rolls Out “Project Ascend” – Can It Finally End Rug Pulls?
Solana-based memecoin launchpad Pump.enjoyable has unveiled “Project Ascend,” a sweeping replace it claims will remodel its ecosystem and deal with one of many crypto trade’s most persistent points: sustainability for token creators.
The announcement sent Pump.fun’s native token PUMP surging greater than 10% as merchants reacted to the promise of “100x progress” throughout the platform.
introducing Project Ascend, a collection of updates that can 100x the pump enjoyable ecosystem by making cash extra sustainable & aligned with their communities
to begin:
– 10x extra creator earnings by way of Dynamic Fees
– 10x sooner processing of CTO Creator Fee functionsbe taught extra
pic.twitter.com/ATO1HCjarR
— pump.enjoyable (@pumpdotfun) September 2, 2025
The centerpiece of the rollout is a reimagined creator charge system designed to raised align initiatives with their communities and scale back incentives for short-lived, high-risk token launches.
Pump.enjoyable Revamps Creator Fees in Bid to End Short-Lived Token Hype
At the guts of Project Ascend is Dynamic Fees V1, a brand new tiered construction utilized completely to PumpSwap tokens. Instead of charging flat charges, the system reduces creator charges as a token’s market capitalization grows.
Pump.enjoyable says the mannequin will make launching new cash “10x extra rewarding,” encouraging contemporary expertise starting from streamers to startups, whereas nonetheless permitting profitable initiatives to scale with out being weighed down by prices.
Additionally, allocations for protocol charges and liquidity suppliers stay unchanged, making certain continuity for the broader ecosystem.
Pump.enjoyable argues the change instantly addresses issues with its earlier Creator Fees initiative, which confronted group criticism and proved ineffective in masking the prices of constructing actual initiatives.
According to the crew, whereas the unique system provided a proof of idea, it fell in need of supporting costly wants like advertising and marketing campaigns, change listings, and long-term improvement.
The up to date charge mannequin, mixed with sooner processing of group takeover functions for inactive tokens, is meant to provide reliable builders a clearer path to sustainability.
The replace comes at a key second for Pump.enjoyable. In latest weeks, the platform has rolled out a collection of expansions designed to strengthen its footprint inside Solana’s ecosystem.
On July 17, it announced its first acquisition, buying wallet-tracking software Kolscan to combine superior analytics and social buying and selling options.
Just days later, the project launched its public token sale, searching for to lift as much as $600 million, representing 15% of PUMP’s complete provide.
Pump.fun has also introduced a real-time income dashboard, reporting over $58 million in token buybacks to this point, equal to offsetting 4.26% of the circulating provide.
In parallel, Pump.enjoyable launched the Glass Full Foundation, a fund devoted to injecting liquidity into promising community-driven initiatives. The initiative, revealed on August 8, has already begun supporting a number of tokens, planning to speed up probably the most vibrant and natural communities on the platform.
More just lately, Pump.fun added a Kolscan-powered leaderboard on August 25, permitting customers to trace prime merchants and influencers in actual time.
Despite the momentum, questions linger about whether or not Project Ascend can meaningfully curb the plague of rug pulls and failed meme cash.
The platform’s promise of changing into “the hub for probably the most profitable initiatives and creators” rests on its skill to show structural incentives into long-term worth.
Critics notice that whereas charge reforms might encourage higher-quality initiatives, they don’t instantly eradicate the dangers of unhealthy actors launching short-lived tokens.
Even so, Pump.enjoyable’s broader technique seems to be positioning itself as a central hub for Solana startups and meme initiatives alike.
By combining new charge mechanics, social buying and selling options, liquidity injections, and real-time transparency instruments, the platform hopes to strengthen its popularity as greater than only a generator of fleeting meme cash.
Pump.enjoyable Surges Past LetsBonk, Capturing 75% of Solana DEX Revenue
Solana’s decentralized change (DEX) exercise is displaying sharp declines after a yr of explosive progress fueled by meme cash.
August Data from Dune Analytics exhibits that every day energetic merchants on Solana DEXs have dropped 81%, from 4.8 million earlier this year to just 900,000 in August. Daily transactions have additionally fallen, sliding from 45 million in July to twenty-eight.8 million this month.
The slowdown marks the fourth straight day that Solana’s dealer depend has stayed below a million, indicating what many see as the top of the frenzy that drove document volumes in late 2024.
Activity had surged final yr as meme cash and experimental tokens dominated buying and selling, with weekly merchants peaking above 30 million by October. But inflows collapsed in early 2025, leaving recurring customers to maintain exercise at a decrease baseline of 10–15 million weekly.
Amid this downturn, Pump.enjoyable has staged a comeback after losing ground to Solana-based rival LetsBonk.fun in July. LetsBonk led every day volumes and income for almost a month earlier than Pump.fun reclaimed the top spot in early August.
https://t.co/45JfH1EVhs is down 50% with no airdrop in sight. As LetsBonk takes the lead, can PUMP flip issues round or hold sliding?#PumpFun #PUMP #memecoinshttps://t.co/1i0PA2Q3L3
— Cryptonews.com (@cryptonews) July 23, 2025
On August 6, Pump.enjoyable outpaced LetsBonk throughout all metrics, together with tokens minted, buying and selling quantity, and income.
Fresh Dune information from September 2 shows Pump.enjoyable’s dominance, with $1.13 million in income over the previous 24 hours. BonkFun adopted with $381,730, whereas Sugar ($52,052), Heaven ($12,615), and Bags ($5,854) trailed far behind.
Combined, Pump.enjoyable and BonkFun account for greater than 90% of charge income, reflecting a closely concentrated market.
Token creation tendencies mirror the income hole. Pump.enjoyable customers minted 16,697 tokens within the final 24 hours, far forward of LetsBonk’s 6,087. Pump.enjoyable additionally led in graduations, with 164 in comparison with LetsBonk’s 32, although commencement charges stay under 1%, displaying high churn throughout platforms.
Meanwhile, PUMP, Pump.enjoyable’s native token, rallied 14% following the launch of “Project Ascend.” The replace builds on a buyback program that has lifted the token 25% prior to now week and 32% over two weeks.
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