Memecoin Launchpad GraFun Expands to Ethereum to Clinch New Users

By increasing into Ethereum, GraFun can appeal to a more moderen viewers, faucet into increased liquidity for meme releases, and enhance the platform’s visibility amongst crypto merchants.

GraFun uniquely affords a ‘Truthful Curve’ mannequin that the builders say minimizes the danger of carpet pulling.

BNB Chain-based memecoin issuance platform GraFun is increasing to the Ethereum community on Wednesday, the venture’s builders shared with CoinDesk.

GraFun uniquely affords a ‘Truthful Curve’ mannequin that builders say minimizes rug-pull dangers, reduces value manipulation, and ensures fairer token issuances that lead to fewer customers shedding cash. Memecoin large Floki owns greater than 40% of GraFun, and different backers embody DWF Labs.

“In simply 1.5 months because the platform debuted, it already noticed 13.6K plus memecoins launched with a complete quantity of $430 million,” GraFun informed CoinDesk in a Telegram message. “Even when it solely labored on one chain, it grew to become the very best performing memecoin launch pad on any EVM-compatible chain.”

By increasing into Ethereum, GraFun can appeal to a more moderen viewers, faucet into increased liquidity for meme releases, and enhance the platform’s visibility amongst crypto merchants.

The most well-liked examples of memecoin launch pads utilizing a ‘Truthful Curve’ mannequin are Pump on Solana – which pioneered such a mannequin – and Tron’s Solar Pump.

Pump.enjoyable has earned over $150 million in charges within the final six months alone and is presently anticipated to generate $400 million in annual charges. SunPump has earned $5.4 million in charges since launching in August.