Pump.fun Considers EVM Expansion Amid Intense Rivalry With Bonk.fun

By: Eliza Bennet

Pump.fun, a launchpad platform originating from the Solana blockchain, is reportedly eyeing an expansion into the Ethereum ecosystem. This potential move comes as the platform seeks to maintain its competitive edge in the burgeoning token generation industry, a sector currently rife with competition.

In recent developments, Dumpster DAO, a known crypto trading and research entity, uncovered new Application Programming Interface (API) documents from Pump.fun. These documents reveal a slew of upcoming features, including a shift towards a more creator-centric model. The updates point towards the introduction of a subscription model, integration with Stripe webhooks, and order book functionalities alongside social features such as messaging and video support.

Of significant interest is the indication that Pump.fun may soon become compatible with Ethereum Virtual Machine (EVM) chains. While details remain sparse, the structure of the order schema suggests possible future support for these EVM chains. This potential expansion could align Pump.fun with other major chains, enhancing its interoperability across different blockchain ecosystems.

Meanwhile, rival platform Bonk.fun, backed by the BONK memecoin community, has been making notable strides. Delphi Digital data highlights that Bonk.fun has now surpassed Pump.fun in daily token launches, with more than 16,000 tokens launched in a single day—capturing over 50% of that day's market share. Bonk.fun has also been driven by lucrative incentives and a notable BONK token buyback and burn mechanism, dynamically boosting its market presence.

In parallel, reports indicate bot activity may heavily influence token launches on both Pump.fun and Bonk.fun platforms. According to Coinbase's head of product, the majority of memecoins launched through these tools are seemingly bot-operated, with some entities rolling out tokens at a remarkable pace—one every three minutes.

Further complicating Pump.fun's trajectory, the crypto exchange Gate.io recently removed a webpage outlining an impending Pump.fun token sale. This development, surrounded by swirling speculation, raises questions about the platform's operational transparency, particularly as it seeks to raise around $600 million through a token offering.

Amid these dynamic shifts, the token launchpad landscape continues to diversify and expand, reflecting the broader appetite for innovative digital assets and decentralized solutions.