TechFlow news, September 3: Pump.fun announced the launch of Project Ascend, an ecosystem upgrade initiative. The plan will introduce a new dynamic fee mechanism (Dynamic Fees V1), implementing a tiered creator fee structure based on token market capitalization, aiming to enhance the sustainability of the ecosystem.
Pump.fun stated that the new mechanism will increase creator earnings up to 10 times compared to before, while also accelerating the processing of CTO (Community Takeover) creator fee applications. Pump Fun said this upgrade will help the platform attract more streamer creators and startup projects, further solidifying its position as a market leader within the Solana ecosystem for startups, streamer creators, and communities.
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