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

Pump.fun introduced a revenue-sharing mechanism for token creators on May 12, enabling them to collect 0.05% of trading volume in Solana (SOL) from transactions conducted on PumpSwap. To qualify for earnings, a token must meet at least one of three criteria: It must be newly created, still trading on Pump.fun’s bonding curve, or previously graduated to PumpSwap. No retroactive rewards apply, and trading volume before May 12 is excluded from the calculation. Based on DefiLlama data , the new system would have distributed nearly $7.3 million in rewards to creators last month based on the combined $14.6 billion in volume across Pump.fun and PumpSwap during April. Rewards are automatically accrued and may be claimed on-chain through the user’s wallet by accessing their profile on Pump.fun. The platform states that creators can claim their rewards at any time, with no lock-up periods or thresholds. Pump.fun needs a fee update The program marks an update to the monetization model behind Pump.fun’s token launch framework. According to the official announcement, PumpSwap will allocate 50% of its revenue to token creators, translating to 0.05% per transaction. However, the platform has not formally updated the full fee structure on PumpSwap, which currently charges 0.20% to liquidity providers (LP) and 0.05% to the protocol. The implication that creators receive an additional 0.05% suggests the total trading fee has increased to 0.30%, with 0.25% distributed to LPs and creators, and 0.05% retained by the platform. The program arrives amid sustained activity on Solana-based memecoin platforms. Data from Blockworks reveals a $6 billion increase in trading volume related to Pump.fun-launched memecoins between March and April. According to Artemis, memecoins had the sixth-best performance out of 22 crypto sectors in the past month, with an average increase of 49.3% per token. Additionally, memecoins from the Pump.fun ecosystem had the seventh-largest price increase in the past 7 days per CoinGecko data . Source: https://cryptoslate.com/pumpfun-launches-creator-rewards-7m-potential-based-on-april-volume/