Pumpfun co-founder: Creator fee mechanism needs adjustment; its necessity will be determined by traders in the future.

The co-founder of Pumpfun, the Solana Meme token issuance platform, stated that the current creator fee mechanism needs adjustment, and the platform will undergo a series of structural changes in the future. He recalled that Dynamic Fees V1, launched a few months ago, was initially intended to incentivize high-quality project teams to deploy tokens on the platform and drive project development through creator fees. The mechanism had a significant short-term effect, with many creators who had never used crypto applications before issuing tokens and livestreaming on the platform, rapidly increasing on-chain activity. However, he pointed out that this growth model is unsustainable and has exposed key problems within the platform. He stated that while creator fees are beneficial for "project-based tokens" with clear teams and goals, they haven't substantially changed the behavior of ordinary Meme token deployers. In fact, it may lead to incentive mismatch, making users more inclined to low-risk token issuance rather than high-risk, but more crucial, trading activities for the platform ecosystem. Pumpfun believes that traders are the core of the platform, and successful tokens are more likely to emerge in an environment where traders actively participate, provide liquidity, and bear risks. Furthermore, it points out that existing creator fees lack sufficient functionality and a good user experience, limiting their potential role in narrative expansion and community building. In summary, Pumpfun believes that creator fees remain an important tool for incentivizing high-quality projects, but require optimization at the mechanism and user experience levels; also, not all tokens need to have creator fees. In the future, the platform will adopt a more market-oriented approach, allowing traders to decide whether a token should have creator fees and how those fees should be used. It states that these adjustments are still underway, and more information about platform development and Pumpfun's future will be released later, with expectations for the ecosystem's evolution in 2026.