Pump.fun Announces Platform Upgrade and Potential Token Release

TLDR

• Pump.fun launched “Pump Advanced”, an upgraded trading terminal
• New platform offers 0% fees for the first month
• Features include mini charts, top holder stats, and social activity tracking
• Pump.fun hinted at a future token release
• Over 2.5 million unique tokens deployed on Pump.fun since January 2024

Pump.fun, the popular Solana-based memecoin launchpad, has taken a significant step forward in its development with the launch of “Pump Advanced,” an upgraded trading terminal designed to enhance user experience and functionality.

The announcement came during an X Spaces event on October 19, 2024, where the platform also teased the potential release of a new token in the near future.

Pump Advanced is being touted by the company as the “fastest trading terminal” in the market. One of the key features of this new platform is the ability for users to create a non-custodian wallet simply by logging in via email, streamlining the onboarding process for newcomers to the ecosystem.

In a bid to attract users to the new platform, Pump.fun has announced that there will be 0% fees for the first month following the launch.

This promotional offer is likely to drive significant interest and activity on Pump Advanced in its initial weeks of operation.

The upgraded terminal introduces several new features designed to give users a more comprehensive view of the memecoin market.

These include mini charts for quick price overviews, top holder statistics to track whale activity, and social activity monitoring to gauge community engagement.

These tools aim to provide traders with more data points to inform their decision-making processes.

As of October 21, 2024, the Pump Advanced platform is fully operational. The main page showcases the newest memecoins on a real-time chart, updating as new coins are added to the Pump.fun ecosystem.

introducing pump advanced: the FASTEST trading terminal

OPTIMIZED: mini charts, top holder stats, social activity & more all in one view

CHEAP: 0% fees for the first ~1mo

SECURE: login via email using Privy to create a non-custodial wallet

it’s time to dominate the trenches. pic.twitter.com/YMzIqqPPRN

— pump.fun (@pumpdotfun) October 19, 2024

Each listed memecoin comes with its own set of mini charts displaying market progression, live discussion threads, and information on coin holders.

One of the most user-friendly additions to the platform is the “Quick Buy” button, allowing users to purchase memecoins directly from the main page.

This feature reduces friction in the trading process, potentially leading to increased transaction volumes. The site also features an “About to graduate” panel, highlighting memecoins that are approaching their launch.

Since its inception in January 2024, Pump.fun has seen remarkable growth. According to data from analytics platform Dune, the launchpad has facilitated the deployment of over 2.5 million unique tokens as of October 21, 2024.

This figure underscores the platform’s significant role in the proliferation of memecoins within the cryptocurrency space.

The success of Pump.fun was further evidenced in September 2024 when it was recognized as the fastest-growing application by revenue in the crypto industry.

In just seven months after its release, the platform generated over $100 million in revenue, a testament to the growing popularity of memecoins and the demand for accessible launchpad services.

Pump.fun’s protocol has been a key driver in the rise of memecoins, allowing anyone to create meme-inspired tokens on the Solana blockchain.

The platform’s model involves newly launched coins trading on a bonding curve until their market cap exceeds $69,000, at which point they “graduate” to wider markets.