Solana News Today: Pump.fun Rewires Incentives to Build a Sustainable Solana Ecosystem

Pump.fun has launched "Project Ascend," a major update aimed at improving sustainability and reducing the prevalence of short-lived, high-risk token launches on its platform. The initiative introduces a restructured creator fee system, which adjusts dynamically based on a token's market capitalization. As the market cap of a token grows, the fees for creators decrease, aligning incentives to encourage long-term value creation rather than quick speculative gains. This change is part of a broader strategy to foster a more stable and community-driven ecosystem within the Solana blockchain.

Project Ascend includes several key features. The Dynamic Fees V1 model is central to this initiative, offering a tiered fee structure for PumpSwap tokens that scales with market performance. This system is intended to make launching new tokens more rewarding, especially for creators, by reducing their financial burden as their projects gain traction. In addition to this, the platform has accelerated the processing of CTO Creator Fee applications, aiming to streamline the approval process and encourage more creators to build on Pump.fun.

The update also addresses criticisms from the community regarding the original creator fee structure, which was seen as insufficient for supporting the development and marketing of new projects. According to Pump.fun, the updated model is designed to ensure that successful projects can scale without being burdened by high costs, thereby promoting sustainable growth. The team emphasized that allocations for protocol fees and liquidity providers remain unchanged, ensuring continuity for the broader ecosystem.

To further enhance its offerings, Pump.fun has introduced new initiatives such as the Glass Full Foundation, a liquidity injection fund for promising community-driven projects. This initiative has already begun supporting several tokens, with the goal of accelerating the growth of the most vibrant and organic communities on the platform. Additionally, Pump.fun has launched a Kolscan-powered leaderboard, providing users with real-time insights into top traders and influencers. These tools are part of a broader effort to increase transparency and community engagement.

Pump.fun has also taken steps to strengthen its market position by launching a public token sale and acquiring wallet-tracking tool Kolscan. The token sale, which aims to raise up to $6