Ethervista launches on Ethereum, aims to outshine Pump.fun with secure liquidity locks Ethervista launches on Ethereum, aims to outshine Pump.fun with secure liquidity locks
Ethervista debuts on Ethereum with novel liquidity locks to prevent rug pulls.
2 min read
Updated: Sep. 3, 2024 at 6:34 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Ethereum now has its own native platform — Ethervista — where people can create and launch memecoins in the same vein as Solana-based memecoin deployer Pump.fun.
Ethervista is a decentralized exchange (DEX) that introduces a novel approach to liquidity management and token launches on the Ethereum network. One of its key features is the 5-day liquidity lock for creators, which helps prevent rug pulls that often occur within the first four days of a project’s launch on platforms like Pump.fun.
Ethervista said it aims to promote a project’s long-term success by rewarding creators with liquidity and protocol fees that grow as trading volume increases. This model benefits both users and creators, making long-term commitments more profitable than quick sell-offs or liquidity withdrawals.
VISTA surge
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 rise in value.
VISTA is a deflationary token with a capped supply of 1 million. Ethervista said the token features an automatic buyback and burning mechanism, which reduces the overall supply and potentially increases the token’s value. 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 within 48 hours by trading VISTA. The firm reported:
“Trader 0x430 bought into Ethervista’s launch, spending $5,000 to secure over 5% of the supply. He spread his VISTA holdings across seven wallets and, after two days, realized over $670,000 in profit in ETH. That’s more than a 130x return.”
Pump.fun milestone
The launch of the 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 as the competitive landscape intensifies, with new rivals like SunPump on the TRON network attempting to capture market share.
Recently, traders have been drawn to the Justin Sun-backed SunPump, largely due to its aggressive promotional efforts. The TRON founder revealed on Sept. 3 that the project would implement a 100% on-chain buyback and burn process.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Solana
$194.922
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
Pump.Fun is a platform that enables users to create and trade memecoins easily, capitalizing on the novelty and community-driven appeal of these tokens.