TL;DR
GraFun expands its memecoin launchpad platform to Ethereum to attract more users and take advantage of its higher liquidity.
The platform stands out for its “Fair Curve” model, which minimizes risks of fraud and price manipulation in token issuances.
With the backing of Floki (which owns more than 40%) and DWF Labs, GraFun establishes itself as one of the leading platforms in the memecoin market.
The memecoin launchpad platform GraFun has announced its expansion to the Ethereum network, a strategy aimed at attracting a larger audience to the platform and taking advantage of the higher liquidity offered by this blockchain. The platform expects to increase its visibility among cryptocurrency traders and diversify token issuance opportunities within the memecoin market.
GraFun distinguishes itself with its unique “Fair Curve” model, designed to reduce risks associated with frauds like “rug-pulls,” which are one of the main concerns in the crypto market.
A Safer Platform for Users
According to its developers, this model also minimizes price manipulation and promotes fairer and more transparent token issuances, resulting in a safer experience for users. This approach has been crucial for its rapid rise and market consolidation, as in just one and a half months since its launch, the platform has been involved in the issuance of over 13,600 memecoins with a total volume exceeding $430 million.
GraFun’s expansion to Ethereum also aims to access higher liquidity for its operations. Ethereum, being one of the most established blockchains with an active user community, presents a strategic opportunity for the platform. Compatibility with Ethereum also broadens the possibilities for interacting with other platforms and protocols within the DeFi ecosystem.
Floki Owns More Than 40% of GraFun
Floki, one of the most popular memecoins in the market, owns more than 40% of GraFun. The platform is also backed by DWF Labs. This strengthens GraFun’s position as a high-impact platform in the market. Moreover, the platform joins the list of successful launchpads that use similar models, such as Pump on Solana and Sun Pump on Tron.
With this expansion to Ethereum, GraFun seeks to diversify its operations and establish itself as one of the most relevant memecoin launchpad platforms, offering developers and users a safer and more efficient option
