PANews reported on October 17 that according to CoinDesk, GraFun launched GraFun Labs on the BNB chain, aiming to support the development of the memecoin ecosystem through cooperation with partners such as DWF Labs and Floki. GraFun Labs will help new memecoin projects grow in community expansion, brand marketing, and influencer interaction. GraFun was launched in September and recorded a trading volume of over $250 million on the first day. Its "fair curve" mechanism is designed to reduce the risk of price manipulation and capital loss.