pump.fun’s Project Ascend Drives $2.1M in Creator Fees in 24 Hours
pump.fun’s new incentive model, Project Ascend, generated $2.1 million in creator fees within 24 hours. The platform rolled out Dynamic Fees V1, which reduces commission rates as project capitalization grows, rewarding memecoin developers on Solana. According to Dune Analytics, total commissions hit $3.26 million after the update. Projects with 420–1,470 SOL pay a 0.95% fee, while those above 88,400 SOL are charged just 0.1%. pump.fun aims to attract streamers, startups and independent creators by offering royalty potential far higher than traditional platforms like Twitch or Kick. Early adopters report earning more in weeks on pump.fun than in a year elsewhere. The team plans further Project Ascend upgrades, reinforcing pump.fun’s position as a go-to memecoin launchpad.
Bullish
The launch of pump.fun’s Project Ascend and Dynamic Fees V1 is likely bullish for the crypto market, especially on Solana. By lowering commission rates as project capitalization rises, pump.fun incentivizes both small and large memecoin creators to increase on-chain activity. Similar to how Uniswap’s fee adjustments boosted trading volume, this model can drive transaction growth and attract new users from traditional streaming platforms. Short-term, expect higher SOL trading volumes and memecoin listings on pump.fun. Long-term, increased adoption of the launchpad could strengthen network effects, enhance liquidity, and solidify Solana’s position in the memecoin sector. Traders may view this as a positive catalyst for SOL demand and overall ecosystem growth.