Ethervista is a new decentralized exchange (DEX) on the Ethereum network that allows users to create and launch memecoins, similar to the Solana-based platform Pump.fun. One of the key features of Ethervista is a 5-day liquidity lock for creators, which helps prevent rug pulls that are common on other platforms. The platform aims to promote long-term success for projects by rewarding creators with liquidity and protocol fees that increase as trading volume grows, making long-term commitments more profitable than quick sell-offs.
In the past 24 hours, Ethervista has gained significant traction within the community, with over 150 ETH in gas fees consumed and its first token, VISTA, experiencing a rapid rise in value. VISTA is a deflationary token with a capped supply of 1 million, featuring an automatic buyback and burning mechanism that reduces the supply and potentially increases the token’s value. One trader reportedly turned $5,000 into $670,000 within 48 hours by trading VISTA, realizing a 130x return on investment.
The launch of Ethervista comes as Pump.fun reaches a milestone of $100 million in revenue in just over seven months, making it the fastest-growing protocol by revenue in the crypto ecosystem. The success of Pump.fun comes amidst increased competition in the market, with new rivals like SunPump on the TRON network attempting to capture market share. SunPump, backed by TRON founder Justin Sun, has attracted traders with its aggressive promotional efforts and implementation of a 100% on-chain buyback and burn process.
Overall, Ethervista offers a unique platform for creators to launch memecoins on the Ethereum network, with features designed to promote long-term success and prevent rug pulls. The platform has quickly gained traction within the community, with its token VISTA experiencing a significant increase in value. With competition in the market intensifying, projects like Pump.fun and SunPump are vying for market share by offering unique features and aggressive promotional efforts. It will be interesting to see how Ethervista continues to grow and evolve in the competitive landscape of decentralized exchanges.
