Daniel Walker
Solana-based memecoin exchange Pump.Fun has unveiled a new advanced trading terminal and teased the launch of an upcoming token during a recent X space announcement, signaling a major development for the popular platform.
The team behind Pump.Fun revealed their plans to introduce a token in the future, alongside the introduction of “Pump Advanced,” a sophisticated trading terminal designed for power users. This advanced platform features tools such as live charts, top holder statistics, advanced filtering options, and live-updating threads aimed at enhancing the trading experience for heavy users. Additionally, Pump.Fun supports non-custodial wallets through login integration with the authentication platform Privy.
For the first 30 days, Pump Advanced will operate with zero fees, with further fee structures to be announced later, according to the teamโs comments during the X space event. The team also emphasized plans to reward their earliest users once the token launches, stating, โAll the money weโve made so far is being reinvested back into the platform. Our goal is to build something even bigger than Binance.”
Pump.Fun has been experiencing impressive financial growth, with daily revenues reaching or exceeding $1 million on several occasions this month. By the end of August, the platform had generated $100 million in cumulative fees, and recent surges in activity, particularly due to the memecoin Moo Deng, have driven further momentum.
“We aim to make this accessible to the masses,” the team shared, hinting at the broad ambitions for the future of the platform.
What is Pump.Fun?
Pump.Fun is a platform designed to enable users to easily create and trade memecoinsโtokens that typically hold no inherent value beyond their novelty and community-driven appeal. The platform operates using a bonding curve pricing model, where token prices fluctuate based on supply and demand, ensuring a fair and dynamic trading environment.
Since its launch in January 2024, Pump.fun has rapidly gained popularity within the crypto community. Initially supporting the Solana blockchain, the platform expanded by April to include Ethereum Layer 2 networks, Base and Blast, broadening its functionality and user reach. Backed by early-stage venture capital firm Alliance DAO, Pump.fun has generated impressive revenue, positioning itself as one of the most profitable applications in the cryptocurrency space. Its success stems from its user-friendly interface, low transaction fees, and anti-scam mechanisms such as rug pull prevention, making it a trusted hub for memecoin enthusiasts.
By offering the ability to quickly and affordably launch tokens, Pump.fun has democratized token creation, allowing more people to engage in the crypto ecosystem. This has boosted trading activity on the platform, leading to daily revenue between $200,000 and $500,000 in fees.
