Solana News Today: Heaven Surpasses $350M Volume Challenging Pump.fun on Solana

Generated by AI AgentCoin World
Sunday, Aug 24, 2025 5:49 pm ET1min read
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Aime RobotAime Summary

- Heaven, a Solana-based AMM, challenges Pump.fun with $350M+ trading volume and $3.8M in buybacks via its native token LIGHT.

- The platform’s "god flywheel" strategy allocates all revenue to LIGHT buybacks, accelerating token value while competing against Pump.fun’s $800M+ revenue.

- Heaven locks team tokens for one year with monthly vesting, aligning incentives to build a sustainable, community-driven DeFi ecosystem.

- Rapid growth highlights Solana’s capital efficiency in DeFi, though analysts caution long-term success depends on sustained execution and governance alignment.

Heaven, a new decentralized launchpad and automated market maker (AMM) on the

Solana
blockchain, has rapidly emerged as a formidable competitor to Pump.fun, the dominant platform in the Solana token launch ecosystem. Since its launch on August 15, Heaven has already generated nearly $350 million in trading volume and accumulated $3.8 million in protocol revenue, according to onchain analytics from @adam_tehc [1]. All of the revenue is automatically allocated to buybacks of the platform’s native token, LIGHT, a strategy the team refers to as the “god flywheel” [1].

This aggressive buyback model has positioned Heaven as a direct challenger to Pump.fun, despite the latter’s existing dominance. While Pump.fun has accumulated over $800 million in lifetime revenue, Heaven’s rapid growth—bolstered by early success in launching high-value tokens—suggests that it is gaining significant traction among traders and developers on Solana [1]. In fact, several tokens launched on Heaven are now among the top five most valuable new projects of the past week, indicating strong user adoption and market confidence [1].

To further align incentives and demonstrate long-term commitment, the Heaven team announced on August 20 the replacement of its previous linear unlock schedule with a one-year cliff vesting model for team tokens [2]. Under this new structure, team members will not be able to access their allocated tokens for a full year, with monthly vesting thereafter. The move, according to the developers, reflects the project’s dedication to fostering a sustainable and community-driven ecosystem [2].

Solana’s token launch ecosystem has become increasingly competitive, with multiple AMMs vying for market share. Heaven’s strategic emphasis on revenue-backed buybacks and transparent tokenomics aligns with a broader trend in decentralized finance where platforms prioritize long-term value creation over short-term liquidity [2]. The platform’s success in generating such high trading volume in a short period underscores the capital efficiency of Solana-based AMMs and the chain’s appeal as a hub for DeFi innovation [1].

While early metrics are promising, analysts caution against assuming long-term success without sustained execution. However, Heaven’s current trajectory mirrors broader industry shifts toward user-centric governance and tokenomic alignment, both of which are key drivers of platform adoption [2]. If the team can continue to deliver on its vision and maintain the platform’s growth rate, Heaven may well establish itself as a major player in the Solana DeFi landscape [1].

Source:

[1] title: Heaven Challenges Pump.fun as Solana's Hottest New Launchpad – $350M Volume Already

url: https://coindoo.com/heaven-challenges-pump-fun-as-solanas-hottest-new-launchpad-350m-volume-already/

[2] title: Heaven Freezes Team Tokens to Drive LIGHT Value Amid ...

url: https://www.ainvest.com/news/solana-news-today-heaven-freezes-team-tokens-drive-light-350m-trading-surge-2508/