New Ethervista Platform on Ethereum Sets Sights on Surpassing Pump.fun with Enhanced Liquidity Locks

Ethereum has introduced its own native platform called Ethervista, allowing users to create and launch memecoins similar to Solana-based memecoin deployer Pump.fun.

Ethervista operates as a decentralized exchange (DEX) on the Ethereum network, offering a unique approach to liquidity management and token launches. Notably, it implements a 5-day liquidity lock for creators to prevent rug pulls that commonly occur within the initial four days of a project’s launch on platforms like Pump.fun.

The platform’s objective is to enhance a project’s long-term viability by rewarding creators with liquidity and protocol fees that increase with trading volume. This strategy incentivizes users and creators to prioritize long-term commitments over quick sell-offs or liquidity withdrawals.

In the past 24 hours, Ethervista has gained significant community attention, with over 150 ETH spent on gas fees. Its inaugural token, VISTA, has experienced a rapid surge in value. VISTA is a deflationary token with a capped supply of 1 million, featuring an automatic buyback and burning mechanism that reduces the overall supply and potentially boosts the token’s value. Ethervista has already burned more than 2.17% of the total token supply.

Arkham Intelligence, a blockchain analytics platform, highlighted a trader who turned $5,000 into $670,000 within 48 hours by trading VISTA. The trader, identified as 0x430, invested $5,000 to secure over 5% of the token supply, distributing the VISTA holdings across seven wallets. Within two days, the trader realized profits exceeding $670,000 in ETH, representing a remarkable 130x return.

The launch of Ethervista coincides with Pump.fun’s achievement of reaching $100 million in revenue in just over seven months, establishing itself as the fastest-growing protocol by revenue in the crypto space. This success comes amid growing competition, with new entrants like SunPump on the TRON network vying for market share.

Recently, traders have shown interest in SunPump, backed by Justin Sun, due to its aggressive marketing efforts. Justin Sun announced on September 3 that the project would implement a 100% on-chain buyback and burn process, further intensifying the competitive landscape in the industry.