Yesterday, many of the memecoins listed on the DEX Ethervista recorded stellar gains, anticipating what could be the next market trend on Ethereum.

The platform was recently launched but has already attracted a lot of attention due to its “anti-rug” mechanism and its incentives for liquidity providers.

Even the VISTA token, the native resource of the exchange, is making headlines after marking an 18X within 5 days of its launch.

Let’s see all the details below.

Ethervista: the new DEX launched on the Ethereum blockchain

Ethervista is an innovative decentralized exchange (DEX), launched just 10 days ago, that allows the launch of new memecoins on the blockchain of Ethereum.

The protocol is inspired by similar projects launched on other chains such as Pump.Fun on Solana and SunPump on Tron, which facilitate the trading of low-cap coins.

Unlike other competitors, however, it uses a completely different approach by applying a 5-day “anti-rug” block on liquidity for new tokens.

This mechanism allows for the creation of a fair launch model, aligning the needs of traders, LP providers, and token creators, and incentivizing each category differently.

Additionally, Ethervista applies fees both in buy and in sell denominated in USD (and not in % of the total), making it appealing for wealthier memecoin traders.

On the UX side, the platform appears a bit basic, with graphics that reflect the distinctive features of Windows and some technical limitations.

Users who want to introduce a memecoin to the market must, for example, create the token contract themselves, without an automated process.

In particular, to create a new token on Ethervista it is necessary to go to the “launcher” section of the DEX, manually add the contract, enter the initial liquidity and indicate the name of the resource.

Source: https://ethervista.app/launcher

The platform has achieved significant engagement in a short time, having surpassed the threshold of 400 million dollars in volume in its first 8 days.

In fact, initially it was among the top protocols for the gas consumed on the Ethereum blockchain, thanks to its thriving trading activity.

In the future Ethervista will also launch sections for flashloans exchanges, for futures trading, and for lending, aiming to become an all-in-one app for the DeFi world on Ethereum.

Pompano the major memecoins launched on Ethervista

During yesterday, a large part of the memecoins listed on Ethervista saw extreme pumps, following the initial success of the new protocol based on Ethereum.

The first 12 coins of the DEX (excluding the utility token VISTA) have all reported double-digit percentage gains.

In the world of finance, the terms “bull” and “bear” are often used to describe market trends. A “bull” market is characterized by rising prices, while a “bear” market is marked by falling prices. Understanding these concepts is crucial for investors.

Among the major ones we find BONZI, the leading memecoin of the platform with a performance of +65%, and CLIPPY, which grew by 90% yesterday.

Excellent numbers also for ROVER, VISTADOG and SHELL, which yesterday recorded a price increase of 91%, 67%, and 273% respectively.

Going down we even see memecoins like LIME and VPN that have had increases of over 1000% in just 24 hours.

Overall, the volumes amount to approximately 12.8 million dollars, with just over 8,000 bull and bear transactions.

All the tokens shown on the Dexscreener dashboard have a rather recent age, with 8 days of history in the best case.

Screenshot of the Dexscreener dashboard on 09/09/2024: https://dexscreener.com/ethereum/ethervista

It is essential to understand that all these memecoins present extremely high structural risks and could fall at any moment.

Removed VISTA, BONZI, and CLIPPY, everything else has a liquidity on the DEX Ethervista of less than 100,000 dollars, a really low figure for a token to invest in.

The marketcap of this resource is very low, offering on one hand a great profit opportunity but on the other hand a risk of potential price collapse.

In fact, if yesterday the mecoin of Ethervista soared in the market, today they report significant retracements, sometimes greater than 50%.

Pay maximum attention when approaching high-risk activities such as trading of low-capitalization coins. Also remember that there is a 5-day liquidity lock for new tokens, so potentially on the fifth day there could be a big dump.

Analysis of the VISTA token

VISTA is the flagship token of Ethervista, and it accompanies the platform in the activity of launching memecoin.

It is described by the same DEX as “The first value-compounding deflationary token”, as it has some deflationary characteristics.

The initial maximum supply of VISTA was set at 1 million tokens, with Ethervista performing continuous buyback and burn of tokens making it increasingly attractive.

All the supply of the token has been placed in LP in order to promote an equitable distribution, above possible insider purchases by the developers themselves.

The value of the crypto should technically reflect the revenue of the platform, since it is purchased and burned as much as Ethervista earns proceeds from trading fees.

Think that after just 6 days, a share equal to 2.63% of the entire supply of the token had already been burned, in addition to 156,000 dollars of buyback.

At debut VISTA had a phenomenal price action, growing overall by 18X after 5 days from launch.

In a short time, it reached a maximum price of 38 dollars, for a valuation of 38 million dollars, only to then face a graphical contraction.

At the moment it marks a price of 16.3 dollars, down 30% in the last 24 hours.

Volatility is an innate characteristic of this currency: in the coming days, it could easily see roller coasters in the quotations without a particular reason.

Despite today’s dump, it remains a particularly interesting resource to keep under control, given its tokenomics potential.

By the way, the reason that might have triggered the decline is to be found in a fake rumors published by some X users.

Several people have indeed associated Ethervista with a well-known marketmaker Gotbit, which in the past was uncovered by the researcher ZachXBT as a fund dedicated to crypto scams.

GotBit itself tweeted a post in which it seemed to imply a collaboration with Ethervista, but in reality, there is no affiliation between the parties.