Solana -based Memecoin Launchpad Pump.fun runs on a wave of renewed adoption, with his indigenous pumping smack climbing to a record high.
According to CryptoSlate’s Data, pump rose to $ 0.0086 on September 14, so that a new peak was set before he retired by almost 3% to trade at the time of around $ 0.008.
The newest step represents a sharp reversal for the active, which since the debut in July has been struggling for GRIP and seemed to lose grounds on rival projects.
However, Pump.Fun has shifted the momentum, using productupgrades to regain the attention of the market.
Streaming growth
An important driver of this rebound is the repair of pump. Fun’s live streaming function. The platform, once criticized for unsafe broadcasts, including authorization agencies, paused the position last year.
However, its reintroduction has caused an increase in user activity, whereby live streaming now contributes directly to involvement and platform income.
Alon Cohen, co-founder of Pump.Fun, said that the Rumble platform has already overtaken in an average simultaneous flows. He added that Pump.fun now controls approximately 1% of the market share of Twitch and 10% of the kicks.
Alon also indicated that the project is no longer limited to crypto-later audience, but instead strives for a foothold in regular content streaming. He also sketched the different opportunities that streaming on the platform can offer users through proverb:
“When you stream on pump pleasure, you get instant maker costs (100x+ from what you earn elsewhere). Direct viewers with a community that is encouraged to support you. Free cut on X (soon other socials). And 24/7 support from the team.”
Despite constant criticism of his approach, Alon has put concerned concerned, with the argument that newcomers are inevitably confronted with control and that competitors will continue to arise.
He stated:
“At first they said that the memecoin activity would never maintain, then they said that no one would ever stream on pump pleasure now that they say that pomplist streaming is not sustainable, I wonder what they will think of afterwards.”
The maker’s income is increasing
The renewed activity has translated into direct profit for makers on the Launchpad of Solana Memecoin.
Facts From Dune Analytics showed that the maker’s profit on pump. Fun has risen to $ 20 million in the last seven days, which is a record -weekly payout for the platform.
The data shows that the top 25 makers only earned between $ 24,100 and $ 123,000 in the last 24 hours.
