quote: Today’s announcement for solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn has been far more impactful than the market has given it credit for. In addition to HL builder code perps, Pump introduces a platform fee (0.45%) to its app, which would, at current volumes, annualise to $49M in incremental revenue. With this revenue going to users directly rather than buybacks, it creates a reflexive cycle which grows Pump’s consumer layer, something central to our thesis and something it’s been executing extremely well on: 1. Mobile app is up: daily traders 2.2x m/m to ~43.5k, volume on pace for ~$1B in October (+48% m/m) 2. Terminal is up: daily traders at an all-time high of 10.7k (+24% m/m) Ownership of this layer 1) allows a ton of optionality for further integrations (e.g. HL builder codes) and 2) strengthens the positioning of Pump’s already entrenched launchpad and DEX layer. | We’ve introduced the lowest platform fee (0.45%) out of ANY social trading app so we can grow faster and become the most rewarding app on Earth: our goal is to give away ALL our platform revenue to users on the Pumpfun app. Any revenue which isn’t paid out to referrals goes towards the Callout Rewards pot ON TOP of the $300,000 we put up daily. We make nothing on top of giving you MORE rewards while having the LOWEST platform fees!