Pump.fun, a well-known Solana-based platform for launching memecoins, has released a major update called Project Ascend that is revolutionizing its creator economy. The new system is designed to significantly increase payouts for creators and has already led to a massive surge in platform activity.
Project Ascend introduces a dynamic fee model that gives creators a larger share of a project's earnings during its early stages. As a token's value grows, the creator's fee rate gradually decreases. This structure is intended to encourage long-term project growth rather than short-term gains.
The impact has been immediate and dramatic. In just the first 24 hours, creators on Pump.fun earned over $2.1 million in fees, with total commissions reaching more than $3.2 million. The financial incentives have led to a huge increase in new projects, with 27,607 new tokens deployed on a single day. This is more than 21 times the number of new tokens launched on competing platforms.
This surge in activity has also boosted Pump.fun's trading volume to over $192 million in a 24-hour period, a figure more than 21 times that of its nearest competitor. The platform's overall visibility and "mindshare" have also skyrocketed, increasing by 228% since the update. Analysts believe this new model could kickstart a major boom in the crypto creator economy.
September 2025, Cryptoniteuae