Pump.fun is set to revolutionize the meme token ecosystem by accepting tokens from various chains, enhancing liquidity for users. Thanks to a partnership with Moonpay, traders on Pump.fun can now deposit tokens from nine different chains, including Bitcoin, Ethereum, and L2 chains like Base, Arbitrum, and Polygon. This move allows holders to seamlessly transition into Solana without the need for trading or acquiring SOL.
Moonpay’s support for cross-chain deposits will be integrated into the Pump.fun app, enabling users to access a wide range of assets from highly valuable tokens like BTC to niche tokens from other networks. This development comes at a time when the altcoin market is seeking productive use cases amidst near all-time lows.
To further boost token creation and graduations, Pump.fun has optimized its fee structure, returning some fees to the community. Graduations on Pump.fun have reached an eight-month peak, with over 400 tokens graduating daily, representing over 1.29% of all new launches.
Despite producing between 28K and 30K new tokens daily, Pump.fun has managed to increase the market cap of its tokens, with WAR now exceeding $30M. The platform’s fee structure incentivizes more graduations to Pump.swap, contributing to over $192M in locked liquidity and significant earnings.
The Pump.fun team has been actively purchasing the $PUMP token supply, holding over 28.6% of it. Despite these efforts, the token’s price has remained stable in its usual range of $0.0019. This strategic approach positions Pump.fun as a strong competitor in the meme token space, poised for further growth and expansion.
