By expanding into Ethereum, GraFun can attract a newer audience, tap into higher liquidity for meme releases, and increase the platform’s visibility among crypto traders.
GraFun uniquely offers a ‘Fair Curve’ model that the developers say minimizes the risk of carpet pulling.
BNB Chain-based memecoin issuance platform GraFun is expanding to the Ethereum network on Wednesday, the project’s developers shared with CoinDesk.
GraFun uniquely offers a ‘Fair Curve’ model that developers say minimizes rug-pull risks, reduces price manipulation and ensures fairer issuance of tokens, meaning fewer users lose money. Memecoin giant Floki owns more than 40% of GraFun, and other backers include DWF Labs.
“In just 1.5 months since the platform debuted, it already saw 13.6K plus memecoins launched with a total volume of $430 million,” GraFun told CoinDesk in a Telegram message. “Even when it only worked on one chain, it became the best performing memecoin launch pad on any EVM-compatible chain.”
By expanding into Ethereum, GraFun can attract a newer audience, tap into higher liquidity for meme releases, and increase the platform’s visibility among crypto traders.
The most popular examples of memecoin launchpads using a ‘Fair Curve’ model are Pump on Solana – which pioneered such a model – and Tron’s Sun Pump.
Pump.fun has earned over $150 million in fees in the last six months alone and is currently expected to generate $400 million in annual fees. SunPump has earned $5.4 million in fees since launching in August.