Pump.fun, a memecoin launchpad on the Solana blockchain, has introduced a new revenue-sharing model for token creators. Under this model, creators will receive 50% of the trading fees generated on PumpSwap, equating to 0.05% of each trade's volume in Solana (SOL). This initiative aims to incentivize creators by allowing them to earn from the trading activity of their tokens. To be eligible for these rewards, tokens must be newly created, still trading on Pump.fun's bonding curve, or have graduated to PumpSwap. The program does not include retroactive rewards, and only trading volume from May 12 onwards will be considered for the revenue share. Based on April's trading volumes of $14.6 billion, this new system could have potentially distributed nearly $7.3 million to creators. Creators can claim their rewards at any time, with no lock-up periods. The launch of this revenue-sharing model comes amidst heightened competition among memecoin launchpads on Solana, with platforms like Raydium's LaunchLab and LetsBonk gaining traction. This competitive environment is driving innovation and improvements in user incentives across the ecosystem. PumpSwap currently charges a 0.20% fee to liquidity providers and a 0.05% fee to the protocol, with the total trading fee now at 0.30%. The memecoin sector on Solana saw a $6 billion increase in trading volume between March and April, with an average sector increase of 49.3% per token over the past month, and memecoins from the Pump.fun ecosystem experiencing the seventh-largest price increase in the past 7 days.