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Pump.fun Announces New Upgrades to Creator Fee Model; PUMP Rises 11%
📰 sources⭐ 6.0
TL;DR:
Pump. fun has stated that there would be changes to its creator fee model, which triggered a spike in the price of its native token, PUMP.
Key Points:
Background:
Protocol upgrades involve changes to a blockchain's underlying code to add features, improve performance, or fix security issues. Major upgrades like Ethereum's transition to Proof-of-Stake or Bitcoin's Taproot activation represent significant technical milestones in blockchain evolution.
Why It Matters:
Protocol upgrades can fundamentally change how a blockchain operates, affecting scalability, security, and functionality. These technical improvements drive long-term value and competitiveness of blockchain networks in the rapidly evolving crypto ecosystem.