Memecoins live at a strange pace. Everything happens very quickly, then nothing. On Solana, Pump.fun was one of the main accelerators of this dynamic. But when a platform grows, every setting becomes political. Even a simple fee.
In brief
- Pump.fun adjusts its model for memecoins on Solana by reviewing creator fees
- The platform now allows revenue to be shared with up to 10 wallets and adds control tools linked to CTOs
- The objective is to limit abuses, clarify the management of tokens and put incentives back on the right side, on the market side.
Pump.fun changes the rules of the game in the crypto ecosystem
After breaking records with the explosion of Solana memecoins, Pump.fun announced an overhaul of its creator fees system, with fee sharing and new controls for CTO teams and admins. The change allows revenue to be distributed to up to 10 wallets, post-launch. It also becomes possible to transfer ownership of a coin and revoke certain update authorities.
Co-founder Alon Cohen assumes a rare observation in crypto: the old mechanism may have “twisted” the incentives. On he explains that the Dynamic Fees V1 version has indeed created activity. But that it has not produced sustainable market behavior.
Behind the words, there is a simple idea. If the reward falls mainly when we create, we end up creating for the sake of creating. However, a memecoin without traders quickly resembles an empty storefront. It's a nice two minutes. Then liquidity evaporates.
According to Cohen, the model encouraged “low-risk” creation at the expense of “high-risk” trading. And he calls it dangerous. The reason is that crypto traders remain the source of liquidity and volume. Without them, even the best slogans don't pay the spread.
However, the platform says it saw a real peak at the beginning. In just a few weeks, new creators launched tokens and even livestreamed. Pump.fun says volumes on its bonding curve more than doubled over the period, before momentum waned.
The new sharing of fees: more transparency, less drama
The most concrete novelty is this sharing of costs. A creator, or a CTO (Community Takeover) admin, can now define a percentage and send it to multiple addresses. In fact, this opens the door to more readable distributions: team, cash flow, moderation, contributors.
Another important detail is that this crypto platform insists that the Pump.fun team will not touch these fees. Cohen presents mechanics as a tool “for trenchers”, in other words for those in the field, not for the parent company. Fees remain claimable at any time.
Finally, control options matter as much as money. Being able to transfer ownership of a coin, or revoke an update authority, aims for trust. Too many projects end up in “CTO” because governance has remained shaky. Here, Pump.fun attempts to make this transition less opaque.
This redesign comes in a less euphoric context than in 2024. Pump.fun remains a dominant launchpad on Solana, thanks to almost frictionless token creation and a standardized path to liquidity.
But domination is not a permanent state. Indeed, in July, a rival named LetsBonk briefly overtook Pump.fun in volume and revenue, before momentum shifted back to the other side. Pump.fun also strengthened its position through buybacks of its PUMP token and a payout program under “Project Ascend”. He thus achieved a record withdrawal of $436 million as the era of crypto memecoins comes to an end
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