Pump.fun, flagship of the Solana ecosystem, alternates the bright green and the darker red phases. But in recent days, the sky seems to be cleared in this paradise of the same. His Dex, Pumpswap, continues records and his native token $ Pump returns to colors. Between technical domination and social controversy, the story of this success has everything of a crypto thriller where euphoria, doubts and criticism mix.
In short
- Pumpswap dominates Solana with $ 878 million in volume, exceeding Raydium and Meteora in one day.
- Pump.fun buys $ 12.19 million pump, withdrawing 5.36 % of the circulating offer.
- Ascend Project introduces dynamic costs, multiplying the income from active creators by ten.
- SOJU Critique: More rug in sweaters, more tokens, weakened capitalization ceilings.
Pumpswap exceeds Raydium and Meteora, Solana finds an unexpected champion
Pumpswap, the dex of Pump.fun, signed an absolute record: $ 878 million in volume in 24 hours, surpassing Raydium and Meteora. A first for a decentralized exchange based on Solana. The announcement was relayed by Solanafloor, who highlighted thePumpswap feat : The platform dethroned Meteora and Raydium to become the first Dex on Solana. It recorded its highest volume of daily transactions, reaching $ 878 million in just two hours.
This dynamic is not isolated. Pump.fun bought $ 12.19 million from $ PUMP in one week, representing 98.23 % of its income and withdrawing 5.36 % of the supply in circulation. His token jumped 40 % in seven days, bordering on $ 0.0048.
Added to this is the found popularity of the features of Livestreaming, which restore momentum to a formerly disputed project. The decentralized crypto exchange is not content to be a hub of the same: it redefines the codes of Crypto finance on Solana.
Project Ascend: When Pump.fun wants to refer the creators' economy
On September 2, Pump.fun revealed Project Ascendan overhaul aimed at transforming its model. The heart of this update is based on Dynamic Fees V1, a system of staggered costs: 0.95 % for small projects, 0.05 % for the largest. The objective is to encourage progressive growth.
Immediate result: $ 2 million distributed to creators in 24 hours, against $ 198,000 the day before.
Some streamers have seen their income explode, going from a few dollars to more than 2,000 in one day. Pump.fun takes the opportunity to push a new concept, the capital markets for creators, where spectators become investors by buying the tokens of streamers.
The Solana Foundation validated the process:
The creators' economy has long worked on a model where views generate advertising revenues. The quest for views forces creators to run constantly … producing an endless flow of content, impoverished and running after the algorithms. And despite this, they still do not have their own audience.
Pump.fun therefore wants to create a more authentic link between creators and community. But this radical change divides.
Fragile success: between criticism, Whales and Crypto speculation
Everything is not rosy in this ascent. Soju wondered what the Ascend project of @pumpdotfun means for @met_lparmy. According to him, more and more tokens are launched every day. The tokens do not “pump” as much, because deployers are encouraged to maintain low capitalization and to artificially generate more volume in order to maximize costs. He also believes that it leads to more rug in sweaters, more tokens and lower capitalization ceilings.
Already, a case of rug was reported: two streamers collected $ 13,990 in fresh before their token collapsed by 80 % in one minute.
The Whales also dictate the tempo. Some accumulate large long positions (up to 6.3 million dollars), but 51 % of carriers on hyperliquid remain shorts, showing market distrust. Despite a return from the $ Pump at its ICO price, the future remains uncertain. A collective trial accuses Pump.fun of being an “unregulated casino” masked by aggressive marketing.
Quantified benchmarks to remember
- $ 878 million in daily volume on Pumpswap, an absolute record on Solana;
- $ 2 million distributed to creators in a single day after the reform;
- 5.36 % of the $ PUMP offer bought and burned in a few months;
- 77 % market share in the world of the same Solana.
Solana herself crosses a zone of turbulence. If the overall activity remains at half mast, its native soil token continues to aim higher. Some analysts now evoke a trajectory that could bring it up to $ 1,000, proving that even in the storm, the ecosystem knows how to keep the course.
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