Pump.fun Launches BOOST Mechanism, Token Graduation Rate Surges to 6.7%
7x24h News
Pump.fun Launches BOOST Mechanism, Token Graduation Rate Surges to 6.7%
According to The Block, following the launch of Pump.fun's new default launch mechanism BOOST, the platform's token graduation rate has significantly increased. Last Friday, the graduation rate reached 6.7%, approximately 8 times the average level in June; the average for the preceding four days also remained at 4.7%, higher than the 2.5% of the previous week. The BOOST mechanism targets the approximately 20% of migrated liquidity previously permanently locked in the PumpSwap pool, automatically executing market buys and burning the acquired tokens within the first five minutes after token migration, incentivizing traders to participate more actively in bidding for tokens before bonding by ensuring immediate buy pressure and supply burn. It is worth noting that BOOST only takes effect after a token completes bonding and does not directly increase the proportion of tokens reaching the bonding threshold.
Navigating Web3 tides with focused insightsTechFlow News, July 30: According to The Block, following the launch of Pump.fun's newly introduced default launch mechanism BOOST, the platform's token graduation rate has significantly increased. Last Friday, the graduation rate reached 6.7%, approximately 8 times the average level in June, while the four-day average prior to that also remained at 4.7%, higher than the previous week's 2.5%.
The BOOST mechanism targets the approximately 20% of migrated liquidity that was previously permanently locked in the PumpSwap pool, automatically executing market buys and burning the acquired tokens within the first five minutes after token migration, incentivizing traders to participate more actively in bidding for tokens prior to bonding completion by ensuring immediate buy pressure and supply destruction. It is worth noting that BOOST only takes effect after the token completes bonding and does not directly increase the proportion of tokens reaching the bonding threshold.
