Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Markets>
Solana News Update: Pump.fun in Focus: How Crypto is Moving Beyond Hype to Practical Applications

Solana News Update: Pump.fun in Focus: How Crypto is Moving Beyond Hype to Practical Applications

Bitget-RWA2025/11/01 07:22
By: Bitget-RWA
- Pump.fun launches "Spotlight" to boost high-potential utility tokens on Solana, addressing visibility, liquidity, and onboarding challenges. - The initiative leverages Pump.fun's $1.3B sales network and dynamic fees to support sustainable token development over speculative hype. - Solana's ecosystem gains traction with projects like Saros offering $10M liquidity grants, aligning with institutional interest in real-world utility. - Pump.fun's PUMP token trades at $0.004604 with $414.6M 24-hour volume, sig

Pump.fun, a leading token platform on Solana, has introduced "Spotlight," a program designed to accelerate the progress of promising utility token projects. This initiative seeks to tackle ongoing issues in the crypto space, such as low project exposure, liquidity shortages, and onboarding difficulties, while promoting the sustainable growth of tokens. "We have what you need to complete your puzzle," Pump.fun declared, highlighting its commitment to linking project creators with investors to generate lasting value,

.

Launched in January 2024, Pump.fun has transitioned from a

coin platform to a center for token innovation, achieving over $1.3 billion in token sales and supporting upwards of 13 million tokens. Spotlight expands on this base by utilizing Pump.fun's broad distribution channels—including its website, mobile application, and PadreApp—to boost project visibility. The program also incorporates PumpSwap's Dynamic Fees, rolled out in September, which allow projects to raise capital through Creator Fees while keeping trading expenses competitive, the report stated.

Solana News Update: Pump.fun in Focus: How Crypto is Moving Beyond Hype to Practical Applications image 0

This strategy is part of a larger movement to reinforce the Solana ecosystem. Despite recent price swings, including an 8% decline that wiped out gains for the year,

. continues to be a significant force in blockchain advancement. Some analysts have likened its development to Bitcoin’s early days, , pointing to growing institutional interest after the introduction of the first U.S. spot Solana ETFs. Pump.fun’s Spotlight program aligns with these trends by focusing on practical utility rather than speculation, providing developers with essential resources for planning, promotion, and communication, as previously mentioned.

At the same time, other projects on Solana are working to resolve liquidity issues. Saros, a decentralized exchange, has recently launched a $10 million Liquidity Grant Program to offer "zero-cost" liquidity for emerging tokens, further enhancing the blockchain’s trading ecosystem,

. These combined initiatives underscore Solana’s ongoing efforts to establish itself as a foundation for scalable, utility-focused projects.

Currently, Pump.fun’s native token, PUMP, is priced at $0.004604, with a 24-hour trading volume of $414.6 million, according to CryptoTimes. The platform’s shift toward supporting utility-based projects reflects a maturing crypto sector, where long-term viability and practical adoption are prioritized over fleeting speculation.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BTC breaks $102,000
Cointime2025/11/05 21:21

Trending news

More
1
BTC breaks $102,000
2
Nivex and Miya Launch the Third Session of “Miya Lounge” AMA Exploring the Intersection of Meme, Sentiment, and AI in Crypto

Crypto prices

More
Bitcoin
Bitcoin
BTC
$103,436
+2.83%
Ethereum
Ethereum
ETH
$3,426.78
+5.91%
Tether USDt
Tether USDt
USDT
$0.9999
+0.04%
XRP
XRP
XRP
$2.34
+8.60%
BNB
BNB
BNB
$953.5
+3.80%
Solana
Solana
SOL
$161.63
+6.76%
USDC
USDC
USDC
$0.9999
-0.00%
TRON
TRON
TRX
$0.2894
+2.19%
Dogecoin
Dogecoin
DOGE
$0.1669
+4.56%
Cardano
Cardano
ADA
$0.5423
+5.82%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter