Author
Steve Muchoki
Let’s talk web3, crypto, Metaverse, NFTs, CeDeFi, meme coins, and Stocks, and focus on multi-chain as the future of blockchain technology. Let us all WIN!
Key Notes
- GraFun has a mission of democratizing the fair launch of meme coin projects on the BNB chain.
- The meme coin industry has grown to more than $47 billion with BNB-based projects on the frontline.
Amid the mainstream adoption of meme coins GraFun, a launchpad platform on the BNB chain, has attracted notable attention in the recent past. To ensure fair meme coin launches and reduce rug pull risks, GraFun has registered palpable growth in its early stages of mainstream launch.
Why GraFun Stands Out in the Meme Coin Launchpad Ecosystem
Since going live, the GraFun platform has facilitated the fair launch of more than 12K tokens on the BNB chain, thus achieving a total of 428 BNB BNB $605.0 24h volatility: 1.3% Market cap: $88.31 B Vol. 24h: $884.41 M in protocol fees. In the first 24 hours of the platform’s launch, more than 130 million requests were served from over 850K unique users.
The GraFun platform has majorly focused on community protection to ensure sustainable growth in the future.
Moreover, the meme coin industry has become famous in recent times for sophisticated scams and rug pulls. To ensure a sustainable future, GraFun has partnered with several web3 projects on the BNB chain including PancakeSwap (CAKE), and Kolo wallet, among others.
For instance, meme coin projects on the GraFun launchpad that achieve a market cap of at least 31 BNB are automatically listed on PancakeSwap V3.
As of this report, the GraFun projects have graduated more than 40 meme coins to the PancakeSwap V3 platform, which have registered a cumulative traded volume of over $250 million. Consequently, GraFun offers meme coin projects a platform to easily market themselves and investors can securely access prospective tokens.
In return for launching meme coins through the GraFun platform, projects are awarded through the native token GRA.
Recently, GraFun Labs, a meme coin incubator that supports new launches on the BNB Chain, was launched. GraFun Labs provides substantial support with marketing, listings, liquidity, and more.
Market Picture
The meme coin industry has been used by different blockchains to attract new users. Moreover, the meme coins space has grown to more than $47 billion in market cap and over $5 billion in daily average trading volume.
The notable success registered by Elon Musk-backed Dogecoin (DOGE), and Ethereum (ETH)-based Shiba Inu (SHIB) has inspired a new generation of meme coins in the past few months.
To support the meme coin space, the BNB chain has launched several competition programs geared to support the best projects. In the recent past, Binance announced the deployment of $900K in liquidity pools to support upcoming meme coin projects.
Additionally, the Binance exchange has helped dozens of meme coin projects reach global markets through listing on its spot platform.
As a result, GraFun is well positioned to disrupt the meme coin space in the coming quarters, especially amid the highly anticipated altseason.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Julia Sakovich
