Pump.Fun unveils “Pump Advanced” trading terminal, announces token launch plans, and aims to rival Binance with growth strategies.
Solana-based memecoin exchange Pump.Fun has announced the launch of a new advanced trading terminal called “Pump Advanced” and teased an upcoming token launch. The announcement was made during a live session on X, highlighting significant updates for the popular protocol.
Pump.Fun, which has recently become famous for trading meme coins, has announced its intention to launch its own token shortly. This declaration, made together with the launch of Pump Advanced, shows its intention to diversify its products. The new platform will target power users, including charts, top holder stats, live-updating threads, and filters. These enhancements are intended to give the regular trader a more professional experience.
One of its main advantages is that Pump Advanced can be integrated with non-custodial wallets. Users can log in through the authentication platform Privy which gives them more control over their money. This change aligns with the platform’s decentralization and autonomy of users’ goals and objectives.
Pump.Fun’s New Features and Token Launch Aim to Rival Binance
Pump Advanced will have zero trading fees for the first 30 days to drive community engagement. After this period, the team will reveal the fee structure; however, the team has suggested that the fee will be as low as other exchanges offer. The team reiterated that the focus is to use the token sale to attract early adopters and to reinvest all the profits into the platform’s growth.
What is more, Pump.Fun has already demonstrated considerable growth. The Block records show that the platform has generated above $1 million in daily revenues in the last few weeks. Pump.Fun has reached the total of $100M in fees, and this was reached by the end of August, which shows the memecoin’s fast growth. Many of them are new users attracted by the memecoin Moo Deng recently launched on the platform, among other things.
During the X space session, the Pump.Fun team teased what is coming to the platform in the nearest future. They had stated a vision to establish a platform that will compete with other industry giants such as Binance. Their ambition to create something as large, or even larger, than Binance. It shows the team’s growing confidence as they expand their presence in the crypto market.
In conclusion, with the introduction of Pump Advanced and the upcoming token launch, Pump.Fun is positioned for continued growth in the memecoin and broader cryptocurrency markets.
