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ethereum now has its own native platform, Ethervista, where people can create and launch memecoins along the same lines as the Solana-based memecoin implementer Pump.fun.
Ethervista is a decentralized exchange (DEX) that introduces a novel approach to liquidity management and token launching on the ethereum network. One of its key features is the 5-day liquidity lock for creators, which helps prevent fund withdrawals that typically occur within the first four days of a project launch on platforms like Pump.fun.
Ethervista said it aims to foster a project’s long-term success by rewarding creators with liquidity and protocol fees that increase as transaction volume increases. This model benefits both users and creators, making long-term commitments more profitable than quick sell-offs or liquidity withdrawals.
VISTA emerges
Over the past 24 hours, Ethervista has gained significant traction within the community. The platform has consumed over 150 eth in gas fees and its first token, VISTA, has seen a rapid increase in value.
VISTA is a deflationary token with a limited supply of 1 million. Ethervista said the token features an automatic buyback and burn mechanism, which reduces the overall supply and potentially increases the value of the token. The project has already burned over 2.17% of its total supply.
Blockchain analytics platform Arkham Intelligence noted that one trader turned $5,000 into $670,000 in 48 hours by trading VISTA. The firm reported:
“Trader 0x430 invested in the launch of Ethervista and spent $5,000 to secure over 5% of the supply. He spread his VISTA holdings across seven wallets and after two days, he made over $670,000 in eth profits. That’s over 130x profit.”
Pump.fun milestone
Launch of ethereum-based platform coincides with Pump.fun's revenue reaching $100 million in just over seven months, making it the fastest growing protocol by revenue in the crypto ecosystem.
The success comes at a time when the competitive landscape is intensifying, with new rivals such as SunPump on the TRON network attempting to capture market share.
Recently, traders have been drawn to Justin Sun-backed SunPump largely due to its aggressive promotional efforts. The founder of TRON x.com/justinsuntron/status/1830872361358499892″>revealed On September 3, the project would implement a 100% on-chain buyback and burn process.
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(tags to translate)ethereum
