Pumpfun launches creator rewards, $7M potential based on April volume

Pump.fun introduced a revenue-sharing mechanism for token creators connected May 12, enabling them to cod 0.05% of trading measurement successful Solana (SOL) from transactions conducted connected PumpSwap. 

To suffice for earnings, a token indispensable conscionable astatine slightest 1 of 3 criteria: It indispensable beryllium recently created, inactive trading connected Pump.fun’s bonding curve, oregon antecedently graduated to PumpSwap. No retroactive rewards apply, and trading measurement earlier May 12 is excluded from the calculation.

Based connected DefiLlama data, the caller strategy would person distributed astir $7.3 cardinal successful rewards to creators past period based connected the combined $14.6 cardinal successful measurement crossed Pump.fun and PumpSwap during April.

Rewards are automatically accrued and whitethorn beryllium claimed on-chain done the user’s wallet by accessing their illustration connected Pump.fun. The level states that creators tin assertion their rewards astatine immoderate time, with nary lock-up periods oregon thresholds.

Pump.fun needs a interest update

The programme marks an update to the monetization exemplary down Pump.fun’s token motorboat framework. According to the authoritative announcement, PumpSwap volition allocate 50% of its gross to token creators, translating to 0.05% per transaction. 

However, the level has not formally updated the afloat interest operation connected PumpSwap, which presently charges 0.20% to liquidity providers (LP) and 0.05% to the protocol. 

The accusation that creators person an further 0.05% suggests the full trading interest has accrued to 0.30%, with 0.25% distributed to LPs and creators, and 0.05% retained by the platform.

The programme arrives amid sustained enactment connected Solana-based memecoin platforms. Data from Blockworks reveals a $6 cardinal summation successful trading measurement related to Pump.fun-launched memecoins betwixt March and April.

According to Artemis, memecoins had the sixth-best performance retired of 22 crypto sectors successful the past month, with an mean summation of 49.3% per token.

Additionally, memecoins from the Pump.fun ecosystem had the seventh-largest terms summation successful the past 7 days per CoinGecko data.

The station Pumpfun launches creator rewards, $7M imaginable based connected April volume appeared archetypal connected CryptoSlate.