Pump.fun’s Game-Changing Model Ignites Solana Meme Coin Mania Anew

SOLANA'S MEME ECONOMY ROARS BACK TO LIFE

Pump.fun just dropped a bombshell model that's sending shockwaves through degenerate finance circles. The platform's overhaul cuts through traditional token launch friction like a hot knife through butter.

Zero-to-meme velocity

Forget waiting for VC approval or navigating Byzantine launchpad rules. This thing bypasses gatekeepers entirely—turning random internet jokes into liquid assets faster than you can say 'wen lambo.' The Solana ecosystem's responding with a frenzy of new tokens that'd make even the most hardened degen blush.

The new alchemy

By streamlining the creation process, Pump.fun's essentially handing out meme minting licenses to anyone with SOL and a dream. It's like giving fireworks to toddlers—chaotic, beautiful, and probably going to end in tears. The model's simplicity masks its brutal efficiency at separating fools from their money.

Wall Street's nightmare fuel

While traditional finance types fret about 'valuation metrics' and 'fundamentals,' Solana degens are printing life-changing gains from dog-themed tokens. Nothing says 'efficient markets' like a cartoon frog token outperforming blue-chip stocks—proving once again that in crypto, the biggest risk is being too rational.

Pump.fun rewires demand for Solana-based meme coins 

Pump.fun, the Solana-based meme coin launchpad, launched its new dynamic fee model to boost the creator economy. The model reduces the creator fee on the platform to 0.05% from the previous 0.95% high, provided the project achieves a market cap of 98,240 SOL. 

With the new dynamic model, creators have earned over $2.4 million in the initial 24 hours.

Additionally, Pump.fun has become the top revenue-generating application over the last 24 hours, with $2.55 million, outpacing Hyperliquid (HYPE), a decentralized exchange. 

Protocol ranking by revenue. Source: DeFiLlama

Notably, the Solana-based TROLL meme coin has reached a milestone by securing exclusive worldwide Intellectual Property (IP) rights for the popular Trollface meme after a high-value deal with creator Carlos Ramirez, including a royalty of 11%. The deal has sparked a double-digit rise in the TROLL spot price.

The revival of Solana-based meme coins could result in the second wave of momentum for the Solana network and its native token SOL. 

Meme coins heat up the Solana network

The number of SPL tokens created on the Solana network reached 48,081 on Wednesday, the highest number since August 13, suggesting increased activity. 

New SPL Tokens. Source: SolScan

Additionally, DeFiLlama shows the Total Value Locked (TVL) on Solana at $11.579 billion, inching closer to the record high of $11.989 billion set in January.

Solana TVL. Source: DeFiLlama

The liquidity boost on Solana is underpinned by an increasing stablecoin market capitalization reaching $12.267 billion, out of which Circle’s USDC dominates 69.40% following the recent mint of 250 million USDC on Wednesday.