EtherVista: A New Dark Horse DEX Challenges Solana's PumpFun, Promises to Boost Ethereum Coins

Amid the challenging period, the newly launched decentralized exchange (DEX) EtherVista gathers investors’ attention to Ethereum coins with a fair launch model and fee mechanisms.

A new decentralized exchange (DEX) on the Ethereum blockchain, EtherVista, has rapidly gained attention with a market cap of $27 million in a matter of hours. The platform is being touted as a competitor to Solana’s PumpFun, offering customized parameters for newly launched tokens to attract long-term liquidity providers with bonding curves and revenue sharing.

EtherVista introduces a five-day locking period on the initial liquidity provision by new creators, considering that research indicates most rug pull events occur within two to four days. The system aims to instill confidence in retail investors and ensure token stability during crucial early phases.

Unlike traditional percentage-based fees, EtherVista employs hard-coded buy and sell fees to benefit liquidity providers (LPers) and the coin’s creator. The platform also offers a smart contract facility to handle and plans to expand services such as ETH-BTC-USDC pools, lending, futures, and fee-less flash loans.

VISTA is the deflationary token of EtherVista with a capped supply of one million tokens. Its value is designed to increase from the token-burning mechanism.

A new dark horse $VISTA

Pump fun now has a competitor on Eth.

The Eth maxis are in a dire state with Vitalik tweeting that DeFi doesn’t matter, ETHBTC hitting new lows, ETF inflows slowing down, and Layer 2 fragmentation resembling a shattered mirror.

EtherVista, a new DEX on the Ethereum blockchain, has garnered significant attention, boasting a market cap of $27 million within hours of its launch. The platform is designed to rival Solana’s PumpFun, offering customized parameters for new tokens to entice long-term liquidity providers with bonding curves and revenue sharing.

EtherVista enforces a five-day locking period on the initial liquidity provision by new creators, considering that most rug pull events occur within two to four days. The system aims to instill confidence in retail investors and ensure token stability during crucial early phases.

Moreover, unlike traditional percentage-based fees, EtherVista employs hard-coded buy and sell fees to benefit liquidity providers (LPers) and the coin’s creator. The platform also offers a smart contract facility to handle and plans to expand services such as ETH-BTC-USDC pools, lending, futures, and fee-less flash loans.

VISTA is the deflationary token of EtherVista with a capped supply of 1 million tokens. Its value is designed to increase from the token-burning mechanism.

The potential success of EtherVista will create a competitive environment for other Ethereum coins like Uniswap (decentralized cryptocurrency exchange). Thus, the Uniswap protocol could progress towards new updates and features to retain its market value.

A recent tweet from Uniswap Labs reveals that the protocol witnessed over 300 Million by August, marginally exceeding last year’s record. The surge in transaction activity projects some of the core growth parameters for Defi networks, highlighting the increase in user engagement.

Over 300M swaps on the Uniswap Protocol this year

And there’s still four months to go ? pic.twitter.com/P3c1XvpS8b

— Uniswap Labs ? (@Uniswap) August 26, 2024

By press time, UNI price had traded at $6.28, boosting a market cap of $3.77 billion. With the recent market upswing, the buyers are heading for a major breakout from the $7 barrier.

As new coins launch on EtherVista, the demand for decentralized lending and borrowing services will likely rise. Among the Ethereum coins, the Aave platform could benefit the most from higher usage and drive natural growth in AAVE price.

Moreover, the AAVE labs announced the launch of Sky Aave Force in collaborative Sky (formerly MakerDAO). The initiative aims to drive mass adoption and bridge the gap between decentralized finance (DeFi) and traditional finance (TradFi).

Turbocharging DeFi: Introducing Sky Aave Force pic.twitter.com/foY4LqQj6j

— Aave Labs (@aave) September 3,2024

Amid this development, AAVE price is up 8.5% in the last 24 hours to trade at $132, while the market cap surged to $1.97 Billion.

Similar to Solana’s Pumpfun, the EtherVista project could drive a meme coins mania in the Ethereum ecosystem. This environment will allow Ethereum coins like Shiba Inu, Pepe, and Floki to gain traction and drive a sustainable recovery.

According to Santiment data, the SHIB supply on exchange has witnessed a continuous decline, currently recorded at 75.5 Trillion coins. This indicates the investors are actively withdrawing SHIB from exchanges, signaling an accumulation trend.

The Shiba Inu price trades at $0.000013 and maintains a market of $8.03. With sustained bullish momentum, the

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