Solana Meme Coin Launchpad Pump.fun Rolls Out “Project Ascend” –
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Pump.fun’s Project Ascend shifts creator rewards to scale with market cap, cutting fees as tokens mature to curb quick-flip churn and fund real builds on Solana.
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Hassan Shittu
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Hassan Shittu
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Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
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Solana-based memecoin launchpad Pump.fun has unveiled “Project Ascend,” a sweeping update it claims will transform its ecosystem and address one of the crypto industry’s most persistent issues: sustainability for token creators.
The announcement sent Pump.fun’s native token PUMP surging more than 10% as traders reacted to the promise of “100x growth” across the platform.
The centerpiece of the rollout is a reimagined creator fee system designed to better align projects with their communities and reduce incentives for short-lived, high-risk token launches.
Pump.fun Revamps Creator Fees in Bid to End Short-Lived Token Hype.
At the heart of Project Ascend is Dynamic Fees V1, a new tiered structure applied exclusively to PumpSwap tokens. Instead of charging flat fees, the system reduces creator fees as a token’s market capitalization grows.
Pump.fun says the model will make launching new coins “10x more rewarding,” encouraging fresh talent ranging from streamers to startups, while still allowing successful projects to scale without being weighed down by costs.
Additionally, allocations for protocol fees and liquidity providers remain unchanged, ensuring continuity for the broader ecosystem.
Pump.fun argues the change directly addresses problems with its earlier Creator Fees initiative, which faced community criticism and proved ineffective in covering the costs of building real projects.
According to the team, while the original system offered a proof of concept, it fell short of supporting expensive needs like marketing campaigns, exchange listings, and long-term development.
The updated fee model, combined with faster processing of community takeover applications for inactive tokens, is intended to give legitimate builders a clearer path to sustainability.
The update comes at a key moment for Pump.fun. In recent weeks, the platform has rolled out a series of expansions designed to strengthen its footprint within Solana’s ecosystem.
On July 17, it announced its first acquisition, purchasing wallet-tracking tool Kolscan to integrate advanced analytics and social trading features.
Just days later, the project launched its public token sale, seeking to raise up to $600 million, representing 15% of PUMP’s total supply.
Pump.fun has also introduced a real-time revenue dashboard, reporting over $58 million in token buybacks to date, equivalent to offsetting 4.26% of the circulating supply.
Pump.fun Pushes Beyond Memes With Liquidity Fund and Social Trading Tools.
In parallel, Pump.fun launched the Glass Full Foundation, a fund dedicated to injecting liquidity into promising community-driven projects. The initiative, revealed on August 8, has already begun supporting several tokens, planning to accelerate the most vibrant and organic communities on the platform.
More recently, Pump.fun added a Kolscan-powered leaderboard on August 25, allowing users to track...
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