Solana-based memecoin exchange pump.fun has announced the introduction of its professional terminal Pump Advanced.
The new development was announced at a space session on the microblogging platform, X. In addition, the platform gave users a sneak peek at a potential token launch where early adopters could earn rewards.
Pump Advanced to enhance trades with new tools
Pump Advanced is designed to aid users’ trading experience by offering them new and unique tools to achieve it. These tools include real-time update threads, advanced filters, top-holder statistics, and detailed charts.
The platform will also integrate with Privy to enable users to log in through non-custodial wallets. Pump Advanced will be free for the first 30 days, with a yet-to-be-disclosed fee set after the period elapses.
Teasing its users about the upcoming token, the team said that they would make sure the earliest users earn rewards. Pump.fun has recorded a daily revenue of $1 million multiple times this month.
Its cumulative revenue from fees touched $100 million in August due to its increased usage due to the Moo Deng memecoin. Similarly, its user base has shot through the moon, registering a rise of 42% at 92,140 daily active addresses from the previous high of 65,000.
The exchange has also seen its daily token launch figures hit 25,000 on October 14, up 22% from its previous high of 20,400 registered on August 13. Pump.fun noted that all the earnings are being used to better the platform, as they want to be as big as Binance or even bigger and better.
Pump.fun expands to Blast amid $1.9 million exploit setback
Initially created to cater to its Solana user base, pump.fun has been integrated into the blast network. The platform allows users to create, issue, and trade their unique digital assets by setting a name, description, ticker symbol, and image.
However, the exchange’s ride has not been one without challenges. Some months ago, a member of its admin took over control of its withdrawal authority and used flash loans to borrow SOL on a lending protocol.
The admin then used the borrower SOL to buy coins on pump.fun until their bonding curve prices hit 100%. With this, the exploiter was able to gain access to the liquidity in the curves, which are funds set aside in a pool to enable the stability and trading of the coins.
The exploit saw the admin steal 12,300 SOL, which was valued at $1.9 million at the time that the hack occurred. However, pump.fun was able to catch the issue on time, stop it, and compensate affected users accordingly.
The post Pump.fun rolls out advanced trading terminal as it teases token launch first appeared on Coinfea.
