PumpFun Teases Token and Unveils 'Advance' Platform

PumpFun, a Solana-based memecoin launchpad platform, is aiming to maintain its meteoric growth trajectory by unveiling plans to airdrop a native token and launch a new investment terminal.

During an Oct. 19 X Spaces event, the PumpFun team announced the project will “definitely” launch a native token in the future. The team emphasized that the token would serve to reward early users through an airdrop.

"We are definitely planning on launching a token at some point in the future,” PumpFun said. “We want to make surewe're going to reward our early users… Our Airdrop will probably…be quite a lot more lucrative than anyone else in the space."

However, the team did not provide any hints regarding a timeline for the token’s launch.

Pump Advance

On the same day, PumpFun also launched "Pump Advance." The new platform hosts advanced features including charts, statistics on its largest users, and other token filtering mechanisms.

"We wanted to… provide an additional experience for people that wanted additional filtering, wanted a more advanced view, wanted to trade really quickly, but at the same time wanted low fees,” a PumpFun team member said. “ Our goal with Pump Advance is to give traders better tools to filter these coins.”

Pump Advance integrated support for the Privy authentication platform, facilitating the creation of non-custodial wallets with the option of an email-based login flow.

The team also plans on launching social features including live-streaming capabilities in the future.

Pump Advance will not charge any fees during its first month in a bid to attract users.

PumpFun’s meteoric rise

Since launching in January, PumpFun has emerged as one of the top 15 web3 projects by revenue and has given rise to a memecoin trading boom that remains one of the dominant crypto narratives today.

On Oct. 19, the platform recorded a new all-time high for daily active addresses with 107,781, according to Dune Analytics. The platform also hosted the creation of 31,611 new tokens to post a new record on the same day.

However, 98.5% of memecoins launched on PumpFun never make it onto decentralized exchanges like Raydium.

PumpFun ranks 14th among web3 projects by 12-month revenue with $133.3 million, falling short of major networks including Ethereum, Bitcoin, and Solana, stablecoin issuers Tether and Circle, and DeFi blue-chips like Uniswap, Aave, and Sky (formerly MakerDAO).

PumpFun currently ranks seventh by weekly revenue with $7.14 million behind Tether, Ethereum, Circle, Tron, Solana, and Photon.