Pump.fun is a popular Solana-based meme coin generator that launched in January 2024. The platform allows anyone, regardless of technical expertise, to create their own tokens on Solana with just a button click. Since its launch, over 11 million tokens have been minted on the platform, with a cumulative market cap exceeding 4.5billion. The platform has generated more than $700 million in total revenue since its inception.
The Current Controversy: $1B Token Sale
Breaking News (June 2025)
According to multiple reports published today (June 4, 2025), Pump.fun is reportedly preparing to launch its own $1 billion token sale with a massive $4 billion fully diluted valuation (FDV). This news was first broken by Blockworks, citing two sources with knowledge of the matter.
Key Details of the Reported Token Sale:
1. Sale Structure: The token will reportedly be sold to both public and private investors
2.Target Raise: $1 billion
3.Valuation: $4 billion fully diluted valuation
4.Timeline: While the exact launch date wasn’t specified in the Blockworks report, social media discussions on X suggest it could happen within the next two weeks
5.Airdrop Component: Some X accounts are claiming that an airdrop for existing users will accompany the token launch
The Controversy
The controversy surrounding the Pump.fun token sale and airdrop centers on several key issues:
1.Contradictory Statements: In February 2025, Pump.fun co-founder Alon Cohen explicitly denied rumors about a potential token launch, stating: “I would advise not to listen to anything that didn’t directly come from Pump.fun.” This contradiction between past denials and current reports has raised questions about transparency.
2.Valuation Concerns: Many crypto analysts are questioning the $4 billion valuation, with some describing the $1 billion fundraising target as unrealistic, especially in the current market conditions.
3.Platform History: Pump.fun has a controversial history, including:
•Numerous rug pulls associated with tokens launched on the platform
•The platform’s livestreaming feature becoming a hub for degrading on-air stunts.
•A cease and desist case from Burwick Law over 200+ IP-infringing meme coins
4.Market Impact: The announcement has already affected Solana’s price, which initially dipped over 2% as the news broke, though it has since recovered about half of that dip.
5.Community Division: The crypto community is showing mixed reactions:
•Skeptics question the legitimacy and timing of the token sale
•Optimists believe this could reignite Solana’s bullish ecosystem
•Some analysts like Nick O’Neil are cautiously optimistic, noting that Pump.fun has demonstrated its ability to successfully execute projects
Recent Platform Developments
In the lead-up to this reported token sale, Pump.fun has made several significant changes:
•Ditched Raydium for its own AMM (Automated Market Maker)
•Now accounts for a large percentage of volume on the entire Solana ecosystem
•Reintroduced its livestreaming feature with stricter moderation policies that ban content involving violence and other illegal activities
What This Means for the Crypto Ecosystem
If the reported $1 billion raise materializes, Pump.fun would become one of crypto’s newest unicorns and potentially one of the first meme coin infrastructure plays to achieve such a milestone. The token launch could fuel another meme coin trading frenzy on Solana, potentially bringing renewed attention to the blockchain.
Timeline of Events
•January 2024: Pump.fun launches as a meme coin generator on Solana
•Late 2024: Livestreaming feature temporarily deactivated following controversies
HyperEVM, the smart contract layer of the Hyperliquid ecosystem, is designed to provide a high-performance environment for decentralized finance (DeFi) applications. Unlike a separate blockchain, HyperEVM is secured by the same HyperBFT consensus as HyperCore, allowing for seamless and direct interaction with Hyperliquid’s core functionalities, such as spot and perpetual order books. This integration offers low fees, fast transaction finality, and full composability with leading protocols, making it a fertile ground for innovation in the DeFi space.
Currently in its alpha stage, HyperEVM is undergoing a gradual rollout, emphasizing a
fair and credibly neutral platform. This approach ensures that all participants have equal access and that the system can be safely upgraded while maintaining performance. The integration of HyperEVM with HyperCore allows for unique capabilities, such as reading order book states and executing trades directly from smart contracts, which significantly enhances the functionality for DeFi protocols.
This guide aims to provide a more comprehensive understanding of the HyperEVM ecosystem, detailing its architecture, advantages, and the various applications built upon it. We will also explore strategies to maximize potential airdrop opportunities within this rapidly evolving ecosystem.
Understanding HyperEVM: Architecture and Advantages
HyperEVM is not a standalone blockchain but an integral part of the Hyperliquid Layer 1 blockchain. It leverages Hyperliquid’s existing infrastructure and consensus mechanism (HyperBFT) to offer a high-performance and secure environment for smart contracts. This unique architecture provides several key advantages:
Seamless Integration with HyperCore: HyperEVM can directly interact with Hyperliquid’s core components, including its spot and perpetual order books. This allows DeFi applications built on HyperEVM to access deep liquidity and real-time market data without bridging risks or latency issues.
Permissionless Development: Developers can deploy ERC20 contracts and other EVM-compatible applications on HyperEVM using standard tooling. This permissionless approach fosters innovation and allows projects to integrate with Hyperliquid’s trading infrastructure easily.
Enhanced Functionality for DeFi Protocols: HyperEVM enables advanced DeFi functionalities. For instance, lending protocols can read real-time asset prices from HyperCore order books and execute liquidations directly through smart contracts, streamlining operations and reducing risks.
Unified State: The unified state between HyperCore and HyperEVM eliminates bridging risks often associated with separate chains, providing a more secure and efficient environment for users and developers.
Scalability and Performance: By leveraging Hyperliquid’s high-throughput Layer 1, HyperEVM benefits from fast transaction processing and low fees, crucial for demanding DeFi applications.
Current State and Future Development
HyperEVM is currently in its alpha stage, with a focus on gradual rollout and iterative development. This phased approach ensures stability and allows for continuous improvement based on user feedback. While some advanced features, such as higher throughput and write system contracts, are not yet live on the mainnet, they are planned for future implementation. This commitment to a fair, credibly neutral platform and a user-centric development process positions HyperEVM for long-term growth and adoption.
The HyperEVM Ecosystem: A Deep Dive into Live Applications
The HyperEVM ecosystem is rapidly expanding, with numerous protocols offering innovative solutions across various DeFi sectors. The original article listed 25 applications, and we will now present them in a more organized and detailed manner, highlighting their core functionalities and potential airdrop interaction methods. We will also incorporate additional information where available.
Bridges
Project Name
Twitter Handle
Description
Link
Core Interaction Methods
HyBridge
@HyBridgeHL
Fast, seamless bridge connecting HyperEVM with multiple EVM and SOL chains.
Bridge assets from Ethereum, Arbitrum, or Solana directly to HyperEVM; Swap tokens during the bridging process for one-click transfers; Use the bridge to move HYPE between chains; Monitor transaction history for points accumulation.
The Hyperliquid Bridge (by LayerZero)
@LayerZero_Core
Official LayerZero-powered bridge connecting HyperEVM to 120+ chains.
Bridge assets like USDT0, USDe, APE, PLUME, RLP, USR, COOK, and cmETH to HyperEVM; Transfer tokens from any LayerZero-supported chain to HyperEVM; Use the bridge interface at thehyperliquidbridge.xyz/transfer; Track cross-chain transactions for potential points.
Garden Finance
@garden_finance
Cross-chain Bitcoin bridge with zero slippage and fast transfers to HyperEVM.
Bridge BTC to HyperEVM in one click; Swap assets on Bitcoin, Ethereum, Arbitrum, Base, and Berachain to HyperEVM; Use their one-click swap feature for seamless transfers; Track transaction history for potential points.
Decentralized Exchanges (DEXs)
Project Name
Twitter Handle
Description
Link
Core Interaction Methods
HyperSwap
@HyperSwapX
Low-slippage DEX with deep ecosystem integration, positioned as a lightweight alternative to KittenSwap with optimized trading and low TVL mining.
Provide liquidity and quality LP tokens; Participate in regular trading, especially with partner tokens; Hold ecosystem assets like Hypio NFTs, Buddy tokens, CatCabal, or PiP for additional rewards.
HyperSwap (formerly KittenSwap)
@KittenSwapDEX
Leading AMM DEX on HyperEVM, offering low-slippage swaps and high liquidity.
Trade various assets with advanced order types; Provide liquidity to earn trading fees; Participate in trading competitions; Stake platform tokens for governance rights.
Lending & Borrowing Protocols
Project Name
Twitter Handle
Description
Link
Core Interaction Methods
HyperLend
@hyperlendx
Primary lending protocol on HyperEVM supporting core assets like HYPE, stHYPE, LHYPE, and USDXL. Provides liquidity foundation for other protocols including Harmonix, Mizu Labs, and Felix.
Deposit assets early in new cycles (HYPE, LHYPE, or USDXL); Borrow assets to increase point weight; Activate daily XP cycles (hold ≥100 points and deposit ≥$50); Leverage available boosts (Testnet participants get permanent point multipliers, Hold @HypioHL NFTs for additional points); Stack rewards by using borrowed assets in other protocols.
HypurrFi
@HypurrFi
Leverage lending platform and issuer of the native overcollateralized stablecoin USDXL. Users can collateralize $HYPE or stHYPE to borrow USDXL while still earning interest on their collateral.
Deposit $HYPE and borrow USDXL; Add borrowed USDXL to liquidity pools on KittenSwap or HyperSwap; Hold or lend USDXL for potential future rewards; Participate in early user activities (platform tracks borrowing, adding liquidity, or transferring USDXL).
Felix Protocol
@felixprotocol
First native stablecoin protocol on HyperEVM where users can mint feUSD by collateralizing HYPE. Offers dual earning paths through liquidation rewards and liquidity provision.
Collateralize HYPE to mint feUSD; Stake feUSD in stability pools for liquidation rewards; Add feUSD to liquidity pools on KittenSwap or HyperSwap; Use feUSD across multiple protocols for potential additional rewards.
Keiko Finance
@KeikoFinance
Permissionless borrowing protocol with dynamic interest rates and liquidation ratios.
Deposit assets like HYPE or wstHYPE as collateral; Borrow against your collateral with dynamic interest rates; Participate in the protocol’s points program; Monitor liquidation ratios to maintain healthy positions.
Timeswap
@TimeswapLabs
Fixed-rate lending protocol on HyperEVM offering unique lending and borrowing opportunities.
Provide liquidity to earn fixed-rate yields; Borrow assets at fixed rates; Participate in their points program; Integrate with other HyperEVM protocols.
Staking & Yield Farming
Project Name
Twitter Handle
Description
Link
Core Interaction Methods
Staked HYPE
@stakedhype
Liquid staking protocol for HYPE tokens on HyperEVM.
Stake HYPE to receive stHYPE (liquid staking token); Use stHYPE across DeFi protocols while earning staking rewards; Integrate with money markets like Felix Protocol and HypurrFi; Participate in the decentralized validator network.
Looped HYPE
@Looped_HYPE
Rebasing token representing LHYPE, allowing users to earn increased yield without gas fees or tracking.
Stake HYPE, stHYPE, and other ecosystem tokens; Earn staking rewards; Participate in governance through staked tokens; Monitor staking APYs and optimize returns.
HyperUnit (formerly HyperFarm)
@HyperFarm
Yield farming protocol on HyperEVM, providing opportunities to earn high returns on crypto assets.
Register .hl domain names; Set up wallet resolution for easier transactions; Trade domain names on secondary markets; Connect domains to other ecosystem protocols.
Hyperbeat
@0xHyperBeat
Verification and ecosystem fund focused on quality, revenue, and long-term engagement with Hyperliquid.
Stake HYPE with Hyperbeat to accumulate Hearts points; Access Hyperbeat through Royco Markets; Participate in ecosystem activities to earn Hearts points.
Genesy
@GenesyHL
Gamified DeFi experience on HyperEVM where strategy plays a key role.
Participate in gamified DeFi strategies; Transfer tokens between HyperCore and HyperEVM for Genesy; Climb leaderboards through strategic gameplay; Earn rewards based on performance and strategy.
Hyperfly
@hyperflyai
DEX aggregator and AI-powered trading assistant for HyperEVM.
Use the DEX aggregator for optimal swap routes; Deploy AI agents for automated trading strategies; Track protocol points and rewards; Monitor new protocols joining HyperEVM through their platform.
HyperUnit
@hyperunit
Decentralized asset tokenization protocol built on Hyperliquid.
Deposit native BTC, ETH, or SOL to receive tokenized versions; Stake tokenized assets for yield; Participate in governance; Use tokenized assets across HyperEVM DeFi.
HyperUnit (formerly HyperLaunch)
@HyperLaunch
Launchpad for new projects on HyperEVM, offering early access to promising tokens.
Participate in governance proposals; Vote on key decisions; Stake tokens for voting power; Earn rewards for active participation.
Conclusion
The HyperEVM ecosystem, with its innovative architecture and growing suite of applications, presents a dynamic and promising landscape for DeFi enthusiasts and airdrop farmers. By actively engaging with these diverse protocols, users can not only maximize their potential rewards but also contribute to the growth and decentralization of this cutting-edge ecosystem. As HyperEVM continues to evolve, staying informed and actively participating will be key to unlocking its full potential.
Disclaimer
This article is intended for informational purposes only and does not constitute financial advice. The cryptocurrency market is highly volatile, and investments carry inherent risks, including the potential loss of principal. Always conduct your own thorough research and consult with a qualified financial professional before making any investment decisions.
Available Solana Sniper Bots: Comprehensive Comparison
This document provides a detailed comparison of the most popular and effective Solana sniper bots available in the market, with special attention to offerings from Chinese developers and teams.
Market Overview
The Solana sniper bot ecosystem has matured significantly in 2024-2025, with several established players dominating the market. According to Dune Analytics data, the top five bots by trading volume are:
BonkBot
Maestro
Banana Gun
Trojan
Sol Trading Bot
These platforms collectively process billions in trading volume annually, with significant growth observed in the memecoin trading segment.
Detailed Bot Comparisons
BonkBot (@bonkbot_io)
Origin & Development Team: Created by the Bonk community, with a development team primarily based in Western countries but with significant contributions from Asian developers.
Key Features:
User-friendly interface designed for beginners
MEV protection with two modes: Turbo (speed-focused) and Secure (protection-focused)
Jupiter integration for optimal routing across DEXs
Adjustable gas fees for transaction success rate optimization
Technical Specifications:
Fee Structure: 1% on all transactions
Security: AES 256 encryption for data protection
Platform: Telegram-based
Daily Trading Volume: Approximately $14 million
Strengths: Simplicity, speed, and strong community support make BonkBot particularly appealing to newcomers. The MEV protection features are well-implemented compared to competitors.
Weaknesses: Lacks some advanced features found in newer bots, such as comprehensive copy trading and multi-chain support.
Maestro (@MaestroBots)
Origin & Development Team: One of the oldest trading bots in the Solana ecosystem, developed by a multinational team with significant contributions from developers in Singapore and Hong Kong.
Key Features:
Comprehensive suite of four specialized bots (sniper, wallet, whale monitoring, trading monitoring)
Advanced Anti-Rug and fraud detection mechanisms
Copy trading functionality
Multi-wallet purchase capabilities
Technical Specifications:
Fee Structure: 1% on all transactions
Security: AES encryption for private keys
Platform: Telegram-based
Daily Trading Volume: Second highest among Solana bots
Strengths: The most comprehensive feature set among all bots, with particularly strong monitoring tools for whale activity.
Weaknesses: Complex interface with steep learning curve; interaction can be cumbersome for new users.
Banana Gun (@BananaGunBot)
Origin & Development Team: Developed by a team with members from both Western countries and East Asia, with significant technical contributions from Chinese developers.
Key Features:
Lower fees for manual purchases (0.5%) compared to automatic sniping (1%)
Multi-chain support (Solana, Base, Ethereum)
Honeypot protection with built-in simulation
Limit orders with stop-loss and trailing stop-limit functionality
Technical Specifications:
Fee Structure: 0.5% for manual buys, 1% for sniper buys
Security: Anti-rug and reorganization protection with 85% claimed success rate
Platform: Telegram-based
Specialization: Particularly optimized for sniping operations
Strengths: Lower fees for manual trading and specialized sniping capabilities make it attractive for cost-conscious traders.
Weaknesses: Some users report occasional reliability issues during high network congestion.
Trojan (@TrojanOnSolana)
Origin & Development Team: Developed by Reethmos, former head of Unibot community operations, with a team that includes several Chinese developers who contributed to the technical architecture.
Key Features:
Cross-chain bridge functionality built directly into the bot
Complex order forms including DCA (dollar cost averaging)
Precision limit orders
Referral system with fee discounts (0.9% via referral)
Technical Specifications:
Fee Structure: 1% standard, 0.9% via referral
Security: Continuous security audits by Trail of Bits
Platform: Telegram-based
Interface Style: Similar to Unibot, familiar to users of that platform
Strengths: The built-in cross-chain bridge is a unique feature not found in most competitors, making it valuable for multi-chain traders.
Weaknesses: Less established community compared to older bots like BonkBot and Maestro.
Sol Trading Bot (@SolTradingBot)
Origin & Development Team: Developed by a team with significant presence in both Western and Asian markets, with technical leadership from developers based in Taiwan and mainland China.
Key Features:
Integration with three major Solana DEXs (Jupiter, Orca, Raydium)
Multi-DEX strategy implementation
State-of-the-art encryption for wallet security
Customizable trading parameters
Technical Specifications:
Fee Structure: 1% on all transactions
Security: Advanced encryption protocols
Platform: Telegram-based
Trading Volume: Fifth highest among Solana bots
Strengths: Strong multi-DEX integration provides flexibility and optimal pricing.
Weaknesses: Fewer advanced features compared to top-tier competitors.
Chinese Developer Innovations
Chinese development teams have made significant contributions to the Solana sniper bot ecosystem, with several unique innovations:
GMGN Sniper Bot
Developed by a Chinese team, GMGN has created dozens of Telegram channels focused on trading. Their sniper bot features:
Advanced mempool monitoring techniques
Customized RPC infrastructure with nodes in multiple Asian data centers
Specialized algorithms for detecting token launches before they appear on public interfaces
Lower latency connections to Solana validators in Asia
Smithii Sniper
While not exclusively developed by Chinese teams, Smithii has significant contributions from Chinese developers and is popular in Asian markets. Key features include:
Premium RPC integration for faster block confirmation
Web and Telegram interfaces
High security rating (10/10 according to independent reviews)
Speed optimization that consistently places trades in the top 5 positions
BullX
BullX has gained popularity in both Western and Chinese markets, with significant technical contributions from Chinese developers. Its standout features include:
Sophisticated gas configuration system
MEV protection mechanisms
Integration with PumpFun and other popular launch platforms
HyperRouter technology (exclusive BDN developed by a team closely working with BullX)
Comparative Analysis
When comparing bots across key metrics, several patterns emerge:
Speed Performance
Speed is perhaps the most critical factor for sniper bot success. In comparative testing:
Smithii Sniper consistently ranks highest for speed (9/10)
BullX, Trojan, and Banana Gun tie for second place (8/10)
Photon and Sol Trading Bot follow closely (7/10)
Platform Availability
Most bots operate primarily through Telegram, but some offer web interfaces:
Telegram Only: Trojan, Sol Trading Bot, Banana Gun
Telegram + Web: Smithii, BullX, Photon
Security Measures
Security ratings based on independent reviews and user feedback:
Smithii: 10/10
Sol Trading Bot: 9/10
BullX, Trojan, Banana Gun: 8/10
Photon: 6/10
Fee Structures
Most bots charge a standard 1% fee on all transactions, with a few exceptions:
Banana Gun: 0.5% for manual buys, 1% for sniper buys
Trojan: 0.9% via referral system
All others: Standard 1% fee
Advanced Features
Feature completeness ratings based on comprehensive analysis:
Smithii and BullX: 9/10
Trojan and Photon: 8/10
Sol Trading Bot and Banana Gun: 7/10
Market Trends and Future Outlook
Several trends are shaping the future of Solana sniper bots:
Increased Chinese Developer Influence: Chinese development teams are gaining market share with innovations in speed optimization and MEV protection.
Multi-Chain Expansion: Leading bots are expanding beyond Solana to other chains like Base and Ethereum.
MEV Protection Focus: As MEV extraction becomes more sophisticated, bots are increasingly differentiating based on their MEV protection capabilities.
Consolidation: The market is likely to consolidate around a few dominant players, with smaller bots being acquired or losing market share.
RPC Infrastructure Investment: Top bot developers are investing heavily in private RPC infrastructure to gain speed advantages.
Conclusion
The Solana sniper bot ecosystem is highly competitive, with continuous innovation driving improvements in speed, security, and features. Chinese developers have made significant contributions to this space, particularly in speed optimization and MEV protection.
For users selecting a sniper bot, the choice depends primarily on their specific needs:
For beginners: BonkBot offers the most user-friendly experience
For advanced traders: Maestro provides the most comprehensive feature set
For speed-focused users: Smithii Sniper consistently ranks highest for execution speed
For cost-conscious traders: Banana Gun offers lower fees for manual purchases
For multi-chain traders: Trojan’s built-in cross-chain bridge provides unique value
As the ecosystem continues to evolve, we expect to see further innovations from both Western and Chinese development teams, with a particular focus on MEV protection, multi-chain support, and specialized trading strategies.
Full guide on the Solana Gas settings for BullX Neo
Understanding Gas Settings on Solana
Unlike Ethereum, Solana doesn’t use the term “gas” in its native terminology, but the concept is similar – fees paid to prioritize and execute transactions. On Solana, these settings are typically divided into several components that sniper bot users must understand and configure:
Priority Fees: Extra payments to validators to prioritize transaction processing
Bribe Fees: Additional incentives for validators or specialized networks
MEV Settings: Configuration for Maximal Extractable Value optimization
Slippage Tolerance: Maximum acceptable price deviation during execution
BullX Neo Gas Configuration System
BullX Neo, one of the most popular Solana sniper bots, offers a sophisticated gas configuration system with multiple parameters that users can adjust based on market conditions and trading objectives.
Priority Fee (PRIO)
The priority fee in BullX is an extra payment to validators to prioritize transaction processing, especially critical during network congestion:
Default Value: 0.01 SOL
Configuration Options:
Rapid Preset: Sets a moderate priority fee for faster confirmations
Insane Preset: Sets a higher priority fee for the fastest possible confirmations
Custom: Allows users to specify their own priority fee amount
Priority fees are particularly important during high-demand events like token launches or market volatility, where transactißon speed can determine profitability.
Bribe Fee (BRIBE)
The bribe fee is an additional incentive provided to validators (or the Jito network) to further prioritize transaction execution:
Default Value: 0.01 SOL
Functionality: Significantly improves transaction confirmation speed, especially when using MEV Only Mode
Recommendation: For competitive sniping during token launches, experienced traders often set bribe fees between 0.01-0.05 SOL depending on expected competition
MEV Only Mode
BullX offers a specialized MEV (Maximal Extractable Value) Only Mode that routes transactions exclusively through Jito’s infrastructure:
Disabled (Default): Transactions are broadcast to both Jito and standard Solana block leaders
Enabled: Transactions go only to Jito’s infrastructure, potentially reducing sandwich attacks but requiring higher bribes
When MEV Only Mode is enabled, BullX automatically adds a static 0.002 SOL on top of any user-defined bribe to improve broadcasting reliability.
Comparative Settings for Different Scenarios
MEV Only Mode (Enabled)
Higher Bribe Recommended: Above 0.01 SOL to ensure transaction prioritization
Protection from Sandwich Attacks: Transactions are processed in an MEV-optimized environment
Variable Transaction Speed: Might slow down if bribe is too low; increase the bribe to speed it up
Priority Fee: Less critical for Jito, since the bribe is the primary factor for prioritization
MEV Only Mode (Disabled)
Lower Bribe Suffices: Transactions also go to standard block leaders, so even a small bribe may still get through quickly
Faster Transaction Speeds: Often confirmed more quickly if the network isn’t too congested
Wider Distribution: Transactions are broadcast across multiple validators and routes
Slippage Limit
Slippage is the difference between the expected trade price and the actual executed price:
Configuration: Users set a maximum slippage percentage they can tolerate
Example: If set to 1000%, users accept up to 1000% price deviation
Recommendation: For volatile memecoins, experienced traders often set high slippage (500-1000%) to ensure execution, while more stable tokens may use lower settings (1-5%)
Advanced Network Routing in BullX
BullX implements sophisticated network routing technologies to enhance transaction reliability:
Blockchain Distribution Networks (BDNs)
BullX leverages specialized routers designed to broadcast transactions with high reliability:
HyperRouter: BullX-exclusive BDN with global edge coverage
BloxRoute: Alternative service used as backup
Stake-Weighted Quality of Service (SWQoS)
This mechanism optimizes transaction propagation based on stake weight:
MEV Mode: A static 0.002 SOL is added to the set bribe
Non-MEV Mode: Bribes are distributed across multiple routers in increments of 0.0001 SOL
Optimal Gas Settings for Different Trading Scenarios
Token Launch Sniping
Priority Fee: 0.05-0.1 SOL
Bribe: 0.05-0.1 SOL
MEV Mode: Enabled for protection against sandwich attacks
Slippage: 500-1000%
Regular Trading During Normal Conditions
Priority Fee: 0.001-0.005 SOL
Bribe: 0.001-0.005 SOL
MEV Mode: Disabled (unless specifically concerned about front-running)
Slippage: 1-5% for established tokens
High Volatility Trading
Priority Fee: 0.01-0.05 SOL
Bribe: 0.01-0.05 SOL
MEV Mode: Situational (enabled for protection, disabled for speed)
Slippage: 10-50% depending on token volatility
Gas Settings in Other Popular Solana Sniper Bots
Maestro Bot
Uses similar priority and bribe fee mechanisms
Offers preset configurations for different network conditions
Includes an “Auto” mode that dynamically adjusts fees based on network congestion
Trojan Bot
Emphasizes MEV protection with specialized routing
Provides more granular control over transaction routing
Includes validator-specific optimization options
Sniper.sol
Focuses on minimizing fees through optimized transaction bundling
Offers “stealth mode” to reduce front-running risk
Includes automatic fee adjustment based on historical success rates
Common Pitfalls and Optimization Strategies
Underpaying Fees
Problem: Transactions get stuck or execute too slowly
Solution: Start with higher fees and gradually reduce them as you learn the minimum effective amounts
Overpaying Fees
Problem: Unnecessary reduction in profitability
Solution: Test different fee levels during similar market conditions to find optimal settings
Ignoring Network Conditions
Problem: Settings that work during normal conditions fail during congestion
Solution: Create multiple presets for different network states and monitor congestion indicators
Neglecting MEV Protection
Problem: Transactions get front-run by other bots
Solution: Use MEV-only mode for high-value opportunities, especially when price impact is significant
Conclusion
Gas settings on Solana sniper bots like BullX represent a critical aspect of trading strategy that directly impacts execution speed, success rate, and profitability. The optimal configuration varies based on market conditions, token characteristics, and specific trading objectives. Successful traders typically develop multiple presets for different scenarios and continuously refine their settings based on performance data and changing network dynamics.
This article explores the intricate relationship between transaction prioritization, validator incentives, and Maximal Extractable Value (MEV) on the Solana blockchain, with a particular focus on how these mechanisms impact sniper bot operations and overall network dynamics.
Priority fees on Solana represent an optional fee mechanism that allows users to incentivize validators to include their transactions in blocks more quickly. Unlike the fixed base fee of 5,000 lamports per signature, priority fees are dynamic and market-driven, priced in micro-lamports per compute unit.
The priority fee is calculated using the following formula:
Priority Fee = Compute Unit Limit × Compute Unit Price
Where:
Compute Unit Limit: The maximum number of compute units the transaction can consume
Compute Unit Price: The amount (in micro-lamports) the user is willing to pay per compute unit
Technically, priority fees are implemented through the Compute Budget Program, which allows developers to:
Set the compute unit limit for a transaction
Specify the price per compute unit they’re willing to pay
This creates an economic incentive for validators to prioritize transactions with higher fees per compute unit, especially during periods of network congestion.
Economic Impact on Validators
Priority fees have significantly altered the validator economics on Solana:
Additional Revenue Stream: Validators now receive income beyond the standard inflation rewards and base transaction fees.
Competitive Prioritization: Validators are economically incentivized to include transactions with the highest fee per compute unit first, creating a market-based mechanism for transaction ordering.
Validator Behavior Modification: The introduction of priority fees has led validators to optimize their transaction selection algorithms to maximize fee revenue.
Recent governance proposals have sought to adjust the priority fee structure to reward validators with 100% of the fees collected (rather than burning a portion), ensuring validators are appropriately incentivized to maintain network security and performance.
Maximal Extractable Value (MEV) on Solana
Understanding MEV in the Solana Context
Maximal Extractable Value (MEV) refers to the value that can be extracted by validators and network participants through the strategic ordering, inclusion, or exclusion of transactions within blocks. On Solana, MEV manifests differently than on Ethereum due to the blockchain’s unique architecture:
Parallel Transaction Processing: Solana’s ability to process non-conflicting transactions in parallel changes how MEV can be extracted.
Sub-Second Block Times: With slots occurring approximately every 400ms, the window for MEV extraction is much narrower than on other blockchains.
Leader Schedule Predictability: Solana’s deterministic leader schedule allows MEV extractors to target specific validators.
Common MEV strategies on Solana include:
Front-running trades on decentralized exchanges
Sandwich attacks (placing orders before and after a large trade)
Arbitrage between different liquidity pools
Liquidation sniping in lending protocols
MEV’s Impact on Network Performance
According to research by Jito Foundation, MEV activities have had a significant impact on Solana’s network performance:
Over 30% of transactions on Solana are from arbitrage bots
In some epochs, 60% of block compute resources are consumed by arbitrage transactions
More than 98% of arbitrage transactions fail, meaning validators waste approximately 58% of their processing time on failed MEV attempts
This inefficiency creates network congestion, increases transaction failures for regular users, and degrades the overall user experience during periods of high volatility.
The Bribe Economy: How Transactions Get Prioritized
Direct Validator Incentives
The term “bribes” in the Solana ecosystem refers to the economic incentives provided to validators to prioritize certain transactions. These incentives take several forms:
Priority Fees: The official, protocol-level mechanism for transaction prioritization.
Direct Validator Payments: Some high-frequency traders establish relationships with validators and pay them directly (off-chain) for preferential treatment.
Specialized MEV Infrastructure: Services like Jito Labs provide infrastructure that allows validators to capture MEV and share the profits with stakers.
A notable example of the scale of these incentives occurred during the launch of the TRUMP token in January 2025, when validators reportedly received over 100,000 SOL (worth millions of dollars) in priority fees and MEV rewards over just two days of active trading.
Transaction Bundles and MEV Extraction
To address the inefficiencies of the current MEV landscape, specialized infrastructure has emerged:
Jito-Solana: A fork of the Solana validator client optimized for efficient MEV extraction, which supports “bundles” that allow traders to specify the exact ordering of their transactions.
BloXroute’s Order Flow Relay (OFR): A system that injects transactions directly to validators without exposing them to public mempools, reducing the risk of front-running.
Searcher-Validator Relationships: Advanced MEV extractors (“searchers”) develop direct relationships with validators to gain priority access to block production.
These mechanisms create a more efficient market for transaction ordering, potentially reducing the spam and failed transactions that currently plague the network.
Implications for Sniper Bots
Competitive Advantage Through Fee Optimization
For sniper bots, understanding and optimizing around Solana’s priority fee and MEV landscape is crucial:
Dynamic Fee Calculation: Sophisticated bots implement algorithms that adjust priority fees based on network congestion, potential profit, and competitor behavior.
Validator Targeting: Some bots specifically target transactions to validators known to be running specialized MEV infrastructure.
Bundle Strategies: Advanced bots utilize transaction bundles through services like Jito to ensure precise ordering of their transactions.
Private Mempools: Top-tier sniper operations use private transaction routing to avoid having their strategies front-run by competitors.
The Arms Race Dynamic
The relationship between sniper bots, validators, and MEV infrastructure creates an ongoing arms race:
Increasing Sophistication: As basic strategies become commoditized, bots implement increasingly complex approaches to maintain an edge.
Infrastructure Investment: The most successful operations invest heavily in low-latency connections, private RPC nodes, and direct validator relationships.
Fee Escalation: During high-value opportunities (like token launches), priority fees can spike dramatically as bots compete for inclusion.
Specialized Validator Selection: Some bot operators stake to (or run their own) validators to gain advantages in transaction processing.
Future Outlook and Ecosystem Evolution
Governance and Protocol Changes
The Solana ecosystem continues to evolve in response to MEV and priority fee dynamics:
Fee Distribution Proposals: Recent governance proposals have suggested adjusting how priority fees are distributed to better align validator incentives with network health.
MEV-Aware Protocol Design: New protocols are increasingly designed with MEV considerations in mind, implementing mechanisms to reduce harmful extraction.
Validator Specialization: The validator ecosystem is likely to continue specializing, with some validators optimizing specifically for MEV capture.
Balancing Efficiency and Fairness
The challenge for the Solana ecosystem is balancing the efficiency gains of market-based transaction ordering with concerns about fairness and accessibility:
User Experience Considerations: Ensuring that regular users can still access the network during high-congestion periods without paying exorbitant fees.
Validator Decentralization: Preventing MEV extraction from centralizing the validator set around a few highly-optimized operators.
Sustainable Economics: Developing fee and MEV capture mechanisms that provide sustainable economics for validators without excessive extraction from users.
The evolution of these mechanisms will significantly impact the future landscape for sniper bots, traders, and all participants in the Solana ecosystem.
TOKEN2049 Dubai will take place at Madinat Jumeirah from 30 April – 1 May 2025, bringing together 15,000 attendees from across the globe for an unparalleled festival experience
TOKEN2049 – the world’s largest crypto event – will bring together 15,000 attendees from over 4,000 companies and more than 160 countries in Dubai. With demand for tickets at unprecedented levels, prices will increase ahead of schedule on Thursday 3 April. Following the resounding success of the 2024 edition, the event is once again on track to sell out weeks before the opening day on 30 April.
TOKEN2049 Dubai 2025 is scaling up significantly, transforming its unique indoor-outdoor venue at the luxurious Madinat Jumeirah Resort into an extraordinary, festival-like environment. Attendees will experience a spectacular new outdoor Amphitheater Stage, expansive exhibition and networking areas, and thrilling activities such as a zipline soaring from an 18-meter tower over the iconic Fort Island. Exclusive wellness experiences, including ice baths, IV drips, and fresh hand-carved coconuts, will further elevate the attendee experience.
While set to be the most immersive experience TOKEN2049 has ever delivered, the event will also feature an all-star lineup of speakers and side events. The back-to-back agenda will serve as the industry standard for exploring the frontiers of the digital asset ecosystem.
Alex Fiskum, Co-Founder of TOKEN2049, said: “TOKEN2049 Dubai is already surpassing last year’s extraordinary demand, set to reach capacity weeks before we open doors. This will truly be a landmark global gathering, redefining what attendees expect from industry events. We’re redefining the conference experience, pushing boundaries to provide the world’s best environment to connect, exchange ideas, network, and shape the future of the industry. We strongly encourage everyone planning to attend to secure tickets now, as a complete sell-out is imminent. We can’t wait to welcome our global community to Dubai next month”
Haider Rafique, CMO of OKX, commented: “TOKEN2049 has injected fresh momentum into the crypto industry, inspiring a new wave of entrepreneurs, developers, creators, and curious investors. The exceptional programming helps steer our industry away from speculation and toward genuine innovation and meaningful collaboration. At OKX, we’ve set the standard for compliance, security, and transparency—core values reinforced by our partnership with TOKEN2049. Together, we’re spotlighting the companies that do things right, setting a new narrative for the future of crypto. We look forward to seeing everyone in Dubai!”
The first 100 headline speakers have already been announced, with more than 200 global thought leaders, innovators, and influential voices set to take the stage. Early confirmed speakers include The Network State author Balaji Srinivasan, Binance CEO Richard Teng, Tether CEO Paolo Ardoino, Maelstrom CIO Arthur Hayes, and Circle CEO Jeremy Allaire among others. Additional major speaker announcements are scheduled in the coming weeks, building excitement and anticipation as the event approaches.
Over 200 industry-leading exhibitors have also been confirmed – they will showcase their innovations throughout the most immersive TOKEN2049 exhibition to date. Title Sponsors include OKX – a leading technology company building a decentralized future; Binance – the largest crypto exchange by trading volume and users; BloFin – a global, secure, and user-first platform for premium futures trading, Spacecoin – a decentralized internet satellite network using blockchain technology for global connectivity, MEXC – a global exchange known as “Your Easiest Way to Crypto,” and KuCoin: Shaping the Future of Crypto.
Complementing the main event, TOKEN2049 Week will showcase an impressive roster of more than 500 side events throughout Dubai, including exclusive networking events, parties, hackathons, workshops, and investor meetups. The full side events calendar is available online.
Tickets are quickly running out. Reserve your ticket today at dubai.token2049.com/tickets.
About TOKEN2049
TOKEN2049 is a global Web3 event series, organised semi-annually in Singapore and Dubai, where decision-makers in the global crypto ecosystem connect to exchange ideas, network, and shape the industry. TOKEN2049 is the preeminent meeting place for entrepreneurs, institutions, industry insiders, investors, builders, and those with a strong interest in the crypto and blockchain industry.
Yellow Network ($YELLOW) is a decentralized Layer-3 peer-to-peer mesh network that enables real-time, cross-chain trading by allowing brokers to communicate, trade, and aggregate liquidity without relying on block creation. They have recently launched their testnet and Galxe campaign, which would pave the way to a potential $YELLOW token airdrop! Here is our Yellow Network ($YELLOW) token airdrop guide.
What is Yellow Network ($YELLOW)?
Yellow Network ($YELLOW) is a decentralized system that lets brokers trade and share liquidity across different blockchains in real-time without needing to create new blocks. Here are some of its main features.
Decentralized Trading: Yellow Network enables genuinely decentralized trading by allowing participants to swap assets across different exchanges without relying on block creation.
Layer-3 Mesh Network: It operates as a decentralized Layer-3 peer-to-peer mesh network, facilitating communication, trading, and liquidity aggregation among brokers.
State Channel Technology: Utilizes state channel technology for real-time settlement between brokers, enabling cross-chain trading without the need to bridge assets.
Scalability and Efficiency: Improves blockchain throughput by reducing the computational load on nodes, making it easier to run a node and decentralizing the certification process.
How to get the Yellow Network ($YELLOW) token airdrop?
Here is a step by step guide on how to get the Yellow Network ($YELLOW) token airdrop
Make sure you are on the Ethereum, Linea or Polygon networks, select the amount you wish to lock up and click “Lock”. Note that Season 1 of this campaign is live until 11th November 2024.
Verify task
Go back to Yellow Network’s Galxe page and verify the task.
Complete social tasks
Follow Yellow and Twitter and interact with their posts as per the Galxe tasks. Remember to verify your tasks in order to earn points.
Visit pages
Visit the pages specified on Yellow Network’s Galxe page and verify the task.
Refer friends
Refer your friends to participate in Season 1: The Future.
SunPump ($SUN) is the world’s first platform dedicated to the fair launch and trading of meme coins, offering a user-friendly, low-cost, and secure environment for creators and traders on the TRON network. The SunPump platform is part of SUN.io, Tron’s first decentralized autonomous platform integrating stablecoin and token exchanges whilst supporting liquidity mining. Here is our review on everything you wanted to know about SunPump ($SUN).
What is SunPump?
SunPump is a platform on TRON that facilitates the fair launch and trading of meme coins. It offers creators an accessible, low-cost way to create their own meme coins in a secure and user-friendly environment. Here are SunPump’s main features:
One-click token generation: Users can easily create meme coins by providing a token name, symbol, image, and paying a small fee.
Bonding curve mechanism: SunPump adjusts prices based on token supply, ensuring fairness and transparency.
Instant market access: Newly created tokens are immediately listed, allowing seamless buying and selling.
Liquidity and token burn: When a token’s market cap meets specific criteria, SunPump injects liquidity funds into SunSwap and executes a token burn.
Transparency: All transactions are public, allowing users to monitor activity. Additionally, SunPump has introduced a gas fee reduction program to make participation more accessible.
Fees
SunPump charges its fees at a very competitive rate for both meme coin creators and traders. SunPump fees are as follows:
Trading fee: There is a 1% trading fee on transactions conducted on the SunPump platform.
Creation fee: SunPump charges a creation fee of around 20 $TRX for launching a memecoin on the platform.
Liquidity fee: When a project reaches 100% of the Bonding Curve, the smart contract will automatically add around 100,000 TRX and 200 million tokens to the SunSwap V2 liquidity pool, deducting about 3,000 TRX as a liquidity addition fee.
Deposit/withdrawal fees: SunPump does not charge any additional deposit/withdrawal fees aside from the usual gas fees for blockchain transactions.
What is the SUN.io ($SUN) token?
The SUN.io ($SUN) token is the platform’s native token. As a governance token, $SUN grants holders voting rights to influence the platform’s direction, including decisions on upgrades and protocol updates. The $SUN token can also be locked up to earn veSUN rewards. In turn, holding veSUN entitles to multiple rewards such as TUSD rewards, accelerated liquidity pool mining and voting rights to decide the weights of liquidity pools.
How does SunPump work?
SunPump’s main features for traders are they they provide a secure and verifiable token contract, with no presale and no team allocation. You can trade on SunPump in 5 simple steps as follows:
Explore Meme Coins: Visit the SunPump platform and browse through the available meme coins.
Select a Coin: Choose the meme coin that interests you the most.
Purchase Tokens: Use the Bonding Curve mechanism on the platform to buy tokens.
Trade Tokens: You can sell your tokens at any time to lock in profits or cut losses.
Engage with the Community: Participate in community activities to help increase the market value of your chosen meme coin.
Is SunPump safe?
SunPump launched just 11 days ago on the Tron network, has already generated over $1 million in revenue. While SunPump itself hasn’t been hacked, remember that investing in highly volatile meme tokens carries risks, so users may want to always be cautious.
Conclusion: Pros and Cons of SunPump
SunPump ($SUN) is a world’s first platform on TRON that facilitates the fair launch and trading of meme coins. Here are some of SunPump’s main pros and cons.
Pros
One-Click Token Generation: Creators can easily create meme coins by providing a token name, symbol, image, and paying a small fee.
No token presale: The benefit of no token presale means the token launch is more fair and allows for wider community participation.
No team allocation: This prevents concentration of pair and ensures a fairer ecosystem. In addition, it means team members are motivated to work for the project’s success without a guaranteed allocation and will only be rewarded on the project’s performance.
Bonding Curve Mechanism: SunPump adjusts prices based on token supply, ensuring fairness and transparency.
Instant Market Access: Newly created tokens are immediately listed for seamless buying and selling.
Transparency: All transactions are public, allowing users to monitor activity.
Gas Fee Reduction Program: SunPump introduced the gas fee reduction program to make participation more accessible.
Cons
Inherent Risks: Meme coins can be subject to price manipulation and fraudulent activities such as hacks.
Costs: SunPump charges a creation fee for launching meme coins, and there’s a 1% trading fee on transactions.
Space for Improvement: While successful, SunPump may need ongoing enhancements to address challenges. However, SunPump has only recently launched so it’s expected they will continuously improve on their platform.
Myria nodes are primarily used for gaming based layers, often referred to as Layer 2, which is essentially a scaling solution designed for games. The main function of these nodes is to promote the concept of zero gas fees.
Becoming a node owner enables you to directly generate Myria. Additionally, as a node holder, you will also receive daily Myria rewards, voting rights, and NFTs. The more nodes that are online, the more the rewards slightly drop.
Myria Node Tutorial
https://youtube.com/live/_jJFrtaUAbk
Acquire Myria tokens which can be converted to U.S. dollars or USDT. Tokens can be purchased and sold on both centralized and decentralized exchanges, such as Bybit or Uniswap.
Calculate the expected return and the break-even point. A rough calculation can be obtained by multiplying daily rewards by 28 (days of a month). The quantity may decrease as more nodes join. This data provides a general estimate, and the price of Myria could change over time.
Running a node is a technical task that will require some learning. Two strategies include running it on an old PC or with DigitalOcean.
Connect your wallet to the Myriad node. Once connected and signed in, transfer your Myria tokens, taking note of the specific value and associated transaction fee.
Myriad is a gaming-specific blockchain, often referred to as Layer 2. Myriad Node acts like a highway, allowing faster transactions and reduced costs by limiting the amount of information it reports back to Ethereum.
Proceed with the purchase of the Myriad Node using the Myriad tokens deposited.
Download the Myriad node client suitable for your operating system (Windows/Mac/Linux). Run the install process until it’s completed.
Enter your Myriad Node API Key into the installed Myriad Node client. You can locate your Node API Key within your Myriad account.
Key Updates for Myria
Metarush reached a new milestone with the first-ever closed demo in February 20231.
The Myria lore received new chapters in March 20231.
The Myria Whitepaper was released in March, providing detailed information about the ecosystem, tokenomics, and various features1.
The MYRIA token went live in early April, launching first on the OKX exchange and then on KuCoin, Gate, MEXC, Bitmart, and Uniswap1.
The founders, Andrew and Brendan, discussed the biggest crypto highlights of 2023
Phemex is a professional-grade Cryptocurrency exchange offering both Bitcoin spot and options trading. The exchange offers an innovative zero-fee trading model where fees are not charged per transaction. Phemex also offers Bitcoin, Ethereum, and Chainlink Perpetual futures. The exchange is built by ex-Morgan Stanley executives, aiming at providing institutional-grade trading tools and security. Derivatives trading allows traders to increase their exposure to certain assets and the ability to “short”.
Key Features of Phemex
Free trades on Spot Exchange (Premium account)
Institutional grade trading and security
Robust trading insurance
Free deposit fees
Ability to Leverage up to 100X margin
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Phemex Spot Exchange & Free trades
One of the key advantages of Phemex exchange is the ability to have free zero fee trades. This concept is groundbreaking for the cryptocurrency exchange industry because the previous model charged trading fees for both buying and selling crypto. These fees would add up over time, with many traders paying thousands of dollars to cryptocurrency exchanges. With Phemex, these traders can take advantage of the zero fee trading model and only pay a monthly premium of $9.99 USD per month. This is a huge game changer for cryptocurrency daytraders and technical analysts.
Phemex is also offering a US$6,050 sign up bonus, as well as 2 BTC and 10,000 USDT in trial funds! Sign up here.
I think that this is a trend and responsibility of exchange is to reduce fees for small capital users And, for the institutional clients, they willing to pay more fees, but to have a better service, like data-wise, analysis wise, right? So that’s two different groups. So we, and we announced our zero fee permission, they just to benefit our retail customers.
Jack Tao, CEO of Phemex
Bitcoin Perpetual Futures
The core trading product offered by Phemex is cryptocurrency derivatives trading such as Bitcoin Perpetual Futures. Derivatives are financial tools that derive value from the underlying product – in this case cryptocurrencies such as Bitcoin. Phemexexchange trades contracts based on the underlying asset instead of the asset themselves – this allows higher leverage and more types of products. Phemexallows up to a 101X max leverage on derivative products. This means a 1% change in the price of Bitcoin could result in 100% change in the funding amount – potentially allowing traders to double or nothing on the exchange. This type of leverage is popularized by the BitMEX exchange which also allows 100X leverage.
Supported Countries
Phemex exchange does not offer its services to the following countries: US, UK, Canada, Cuba, Crimea, Sevastopol, Iraq, Yemen, Iran, Syria, North Korea, South Korea, Sudan, China, Hong Kong, Republic of Seychelles, and Bermuda.
Supported Cryptocurrencies
Phemex only 6 cryptocurrencies for the time being: Bitcoin, Ethereum, Ripple, ChainLink, Tezos, Litecoin. Though for contracts, Phemex also does offer a GOLD/USD trading pair.
Phemex Trading take profit orders and stop-losses
One of the key advantages of Phemex is use of stop-loss and take profit orders. These orders allow professional traders to fine-tune their trading strategies and set up opportunities to take profit or stop-loss. By default, Phemex has quick options to take profit at 25%, 50%, 75% and 100% profit. These can be set when the initial position is established with a clear indication the mark price and estimated profit or loss. It’s important to remember that when take profit or stop losses are triggered, the position will be sold as a market order – meaning that the algorithm will automatically match a trade even if it’s not at the same price.
Phemex Fees
Trading Fees
The standard contract trading fees on Phemex is set at 0.01% for makers and 0.05% for takers. Whilst standard spot trading fees are 0.1% for makers and 0.1% for takers. Phemex offers trading fee discounts for VIP users i.e. those with high trading volume on their Exchange. Users can also enjoy trading fee discounts by staking Phemex’s native $PT token in return for $vePT, enough $vePT tokens.
There is no addition transaction fee for the exchange, so users can trade even small quantities without fear of having overwhelming fees. Taker fees are higher as the exchange promotes users to fill the order books and establish higher liquidity for the exchange.
Funding fee is feature that is extremely important to take into consideration on Phemex. Funding rate is paid directly to holders of either long or short positions depending if its “negative funding” or “positive funding” rate. On Phemex, the fee is charged every 8 hours and can be negative or positive – meaning it’s possible to gain or lose money every 8 hours. If funding rate is negative, shorts holders will pay longs a percentage of their position. In the example above, the funding rate is -0.0094%, so short holders will be charged 0.0094% of their entire position. This also means that long holders will gain interest on their position.
Click HERE to learn more about crypto funding rates and how to earn passive income from them.
Deposit/Wtihdrawal fees
Phemex does not charge a deposit fee, but there are minimum deposit requirements. As for withdrawals, there is also a minimum withdrawal limit and the fee charged depends on the cryptocurrency. For example, Phemex charges 0.0005 BTC for BTC withdrawals, and 1 USDT for USDT withdrawals.
Phemex has a utility token known as Phemex Token ($PT). $PT gives holders various benefits including staking yields, trading fee discounts, VIP privileges, cashback airdrops, DAO governance, as well as launchpad and launchpool access. Phemex Token cab be purchased on the Exchange, and it can be staked to obtain Vote Escrow PT ($vePT). $vePT grants exclusive voting rights in the PhemexDAO, staking yields and buy crypto airdrops privilege.
Payment methods
Phemex only accepts the following cryptocurrency deposits onto the Exchange: Bitcoin, Ethereum, ChainLink, Tether and Ripple. Due to the Exchange not having any KYC procedures in place, traditional payment methods such as credit or debit cards and PayPal are not accepted.
Sub-accounts feature
Phemex offers an easy method to create sub-accounts – each with their own individual account balances and permissions. This feature allows traders to isolate their different trading strategies from each other – as it is possible to set a limited balance to each sub-account. Balance can be transferred freely between the accounts via the sub-account system. Traders can create new accounts for each new strategy they want to test out. In addition, sub-accounts can be used for trading bots – so automated trading can be done within controlled limits.
Is Phemex Exchange Safe?
Phemex has never been the subject of a significant hack. They also have the following practices to keep user funds safe:
Cold wallets: Phemex assigns separate cold wallet deposit addresses to each user and keeps 100% of user funds in reserve. It also uses offline signature and Merkle-tree Proof-of-Reserves so users can see where their funds are in Phemex’s system.
Risk controls: Phemex uses a two-factor authentication mechanism, an anti-phishing code, and a double-entry bookkeeping system to protect user accounts from tampering and malicious actions.
Firewall and network management: Phemex deploys its system on the AWS Cloud and uses several firewalls to separate different zones and machines for different trading purposes. It also applies restrictions on system and instance accessibility.
Trading platform:Phemex uses C++ engines that are fast, reliable, and customized to provide high performance and seamless disaster recovery for 24×7 trading.
Phemex Team
The core of Phemex team is comprised of ex-Morgan Stanley executives and developers. CEO Jack Tao has worked at Morgan Stanley for 11 years with experience developing Equity trading algorithms in the US. This work is pivotal to Phemex’s long term growth strategy and mission to bring professional trading tools to the cryptocurrency space.
Conclusion: Phemex Exchange Pros and Cons
Pros
Developed by ex-Morgan Stanley Executives
Industry trend-setting Zero Fee Trading
Sub Accounts and easy to use APIs
Top tier exchange and wallet security
No KYC for small withdraws
Cons
Relatively new.
Regional restrictions without providing alternatives for users from those jurisdictions.
Phemex is currently looking for regulation via the Monetary Authority of Singapore (MAS) and SEBA for custody of customer assets. Similar to other derivatives exchanges such as BitMEX, PheMEX is currently not regulated.
Is Phemex allowed in the US?
Phemex does not offer services to the following countries: US, UK, Canada, Cuba, Crimea, Sevastopol, Iraq, Yemen, Iran, Syria, North Korea, South Korea, Sudan, China, Hong Kong, Republic of Seychelles, and Bermuda
Does Phemex have a token?
Phemex has a token known as Phemex Token or $PT. It is a utility token that provides benefits such as staking yields, fee discounts, and Phemex DAO governance.
What is the difference between PT and vePT
PT is Phemex Token, the native token of Phemex Exchange. Users stake PT in order to get vePT (vote escrow PT).
Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
