Solana Meme Coin Launchpad Pump.fun Rolls Out “Project Ascend” – Can It Finally End Rug Pulls?

Solana-based memecoin launchpad ￰2￱ has unveiled “Project Ascend,” a sweeping update it claims will transform its ecosystem and address one of the crypto industry’s most persistent issues: sustainability for token ￰3￱ announcement sent Pump. fun’s native token PUMP surging more than 10% as traders reacted to the promise of “100x growth” across the ￰4￱ Project Ascend, a series of updates that will 100x the pump fun ecosystem by making coins more sustainable & aligned with their communities to start: – 10x more creator earnings via Dynamic Fees – 10x faster processing of CTO Creator Fee applications learn more ￰5￱ — ￰6￱ (@pumpdotfun) September 2, 2025 The centerpiece of the rollout is a reimagined creator fee system designed to better align projects with their communities and reduce incentives for short-lived, high-risk token ￰7￱ Revamps Creator Fees in Bid to End Short-Lived Token Hype At the heart of Project Ascend is Dynamic Fees V1, a new tiered structure applied exclusively to PumpSwap ￰8￱ of charging flat fees, the system reduces creator fees as a token’s market capitalization ￰9￱ says the model will make launching new coins “10x more rewarding,” encouraging fresh talent ranging from streamers to startups, while still allowing successful projects to scale without being weighed down by costs.

Additionally, allocations for protocol fees and liquidity providers remain unchanged, ensuring continuity for the broader ￰10￱ argues the change directly addresses problems with its earlier Creator Fees initiative, which faced community criticism and proved ineffective in covering the costs of building real ￰11￱ to the team, while the original system offered a proof of concept, it fell short of supporting expensive needs like marketing campaigns, exchange listings, and long-term ￰12￱ updated fee model, combined with faster processing of community takeover applications for inactive tokens, is intended to give legitimate builders a clearer path to ￰13￱ update comes at a key moment for ￰14￱ recent weeks, the platform has rolled out a series of expansions designed to strengthen its footprint within Solana’s ￰15￱ July 17, it announced its first acquisition , purchasing wallet-tracking tool Kolscan to integrate advanced analytics and social trading ￰16￱ days later, the project launched its public token sale, seeking to raise up to $600 million, representing 15% of PUMP’s total ￰17￱ the past week, pump fun purchased $10,657,503 in $PUMP tokens, which equates to 99.32% of total revenue for that period (Aug 20-Aug 26) to date, pump fun has purchased a total of $58,134,191 of $PUMP tokens, offsetting 4.261% of the circulating supply ￰18￱ — ￰19￱ (@pumpdotfun) August 27, 2025 ￰20￱ has also introduced a real-time revenue dashboard, reporting over $58 million in token buybacks to date, equivalent to offsetting 4.26% of the circulating ￰21￱ Pushes Beyond Memes With Liquidity Fund and Social Trading Tools In parallel, ￰22￱ launched the Glass Full Foundation , a fund dedicated to injecting liquidity into promising community-driven ￰23￱ initiative, revealed on August 8, has already begun supporting several tokens, planning to accelerate the most vibrant and organic communities on the ￰24￱ recently, ￰25￱ added a Kolscan-powered leaderboard on August 25 , allowing users to track top traders and influencers in real ￰26￱ the momentum, questions linger about whether Project Ascend can meaningfully curb the plague of rug pulls and failed meme ￰27￱ platform’s promise of becoming “the hub for the most successful projects and creators” rests on its ability to turn structural incentives into long-term ￰28￱ note that while fee reforms may encourage higher-quality projects, they do not directly eliminate the risks of bad actors launching short-lived ￰29￱ so, Pump.

fun’s broader strategy appears to be positioning itself as a central hub for Solana startups and meme projects ￰30￱ combining new fee mechanics, social trading features, liquidity injections, and real-time transparency tools, the platform hopes to strengthen its reputation as more than just a generator of fleeting meme ￰31￱ Surges Past LetsBonk, Capturing 75% of Solana DEX Revenue Solana’s decentralized exchange (DEX) activity is showing sharp declines after a year of explosive growth fueled by meme ￰32￱ Data from Dune Analytics shows that daily active traders on Solana DEXs have dropped 81%, from 4.8 million earlier this year to just 900,000 in ￰33￱ transactions have also fallen, sliding from 45 million in July to 28.8 million this ￰34￱ slowdown marks the fourth straight day that Solana’s trader count has stayed under one million, indicating what many see as the end of the frenzy that drove record volumes in late ￰35￱ had surged last year as meme coins and experimental tokens dominated trading, with weekly traders peaking above 30 million by ￰36￱ inflows collapsed in early 2025, leaving recurring users to sustain activity at a lower baseline of 10–15 million ￰37￱ this downturn, ￰38￱ has staged a comeback after losing ground to Solana-based rival ￰39￱ in ￰40￱ led daily volumes and revenue for nearly a month before ￰41￱ reclaimed the top spot in early August . ￰0￱ is down 50% with no airdrop in ￰42￱ LetsBonk takes the lead, can PUMP turn things around or keep sliding? #PumpFun #PUMP #memecoins ￰1￱ — ￰43￱ (@cryptonews) July 23, 2025 On August 6, ￰44￱ outpaced LetsBonk across all metrics, including tokens minted, trading volume, and ￰45￱ Dune data from September 2 shows Pump.

fun’s dominance, with $1.13 million in revenue over the past 24 ￰46￱ followed with $381,730, while Sugar ($52,052), Heaven ($12,615), and Bags ($5,854) trailed far behind.