Pump.fun, a well-known meme coin platform built on Solana, has introduced its upgraded trading terminal called Pump Advanced. The platform, which has facilitated the launch of more than 2.5 million meme coins, aims to provide traders with a seamless and data-driven experience through this new terminal.
Pump Advanced offers various features such as mini-charts, information on top holders, and social indicators to assist traders in navigating through the abundance of memecoins currently competing for attention. Additionally, the platform has announced that it will charge 0% fees for the first month and has enhanced login security options with Privy.
During an X Spaces event on October 19, Pump.fun hinted at the launch of its native token. While no specific timeline was provided, the team confirmed that early adopters will be rewarded with a portion of the token supply.
“We’re going to reward our earliest users,” the team stated, generating excitement within the community. Traders speculate that the airdrop could potentially enhance liquidity, especially if it includes revenue-sharing features.
Data from Dune Analytics reveals that although transaction throughput is high, over 98.5% of the meme coins deployed on Pump.fun fail to list on Raydium, a decentralized exchange based on Solana. To address this issue, the team introduced $80 bonding curve incentives in August 2024 to encourage developers to complete the capping and listing of tokens.
Vex, an airdrop farmer, expressed optimism about the potential rewards of Pump.fun’s airdrop. “If they include revenue sharing, it could be huge,” Vex said.
Despite its challenges, Pump.fun continues to attract significant transaction volumes. On August 13, the platform generated over $5.3 million in revenue, surpassing the combined earnings of the top 24 crypto protocols for that day.
In September 2024, Pump.fun surpassed $100 million in revenue, establishing itself as one of the fastest-growing applications in the crypto industry. Its rapid growth and innovative features have attracted traders, although skeptics question the sustainability of its model.
As Pump.fun moves forward with its advanced trading terminal and prepares for a token launch, it will need to address ongoing concerns about the high failure rate of token launches in order to maintain its momentum in the competitive crypto landscape.