GraFun, a BNB Chain-based platform for launching memecoins, is expanding to the Ethereum network, a move that will significantly enhance its market reach and liquidity. This expansion, confirmed by the developers to CoinDesk on Wednesday, positions GraFun to capture a larger audience and increase its presence in the highly competitive memecoin sector.
GraFun stands out with its innovative “Fair Curve” model, designed to minimize risks like rug pulls and price manipulation, ensuring fairer token launches. This model has garnered significant attention, as it helps prevent many of the pitfalls that typically lead to losses for memecoin investors. Floki, one of the most prominent memecoins, owns more than 40% of GraFun, with additional backing from DWF Labs.
Despite being operational for just 1.5 months, GraFun has already launched over 13,600 memecoins with a total volume of $430 million. Even while confined to the BNB Chain, it has quickly become the leading memecoin launchpad on any EVM-compatible network.
The move to Ethereum will give GraFun access to greater liquidity and allow it to tap into Ethereum’s large and diverse user base. This expansion is expected to further increase the platform’s visibility and attract a wider range of crypto traders.
Other notable memecoin launchpads using a similar “Fair Curve” model include Solana’s Pump platform, which has generated over $150 million in fees in just six months, and Tron’s Sun Pump, which has earned $5.4 million since its launch in August.
