GraFun Starts Labs Division to Boost Memecoin Ecosystem on BNB Chain

As a researcher who has delved deep into the crypto world for the past few years, witnessing its evolution from a niche market to a global phenomenon, I find GraFun’s latest venture, GraFun Labs, incredibly intriguing. Having seen countless projects rise and fall, it’s refreshing to see a platform like GraFun not just launch a memecoin, but also invest in the growth of the meme ecosystem itself.

Today, the Memecoin launchpad GraFun unveils its GraFun Labs sector, an all-encompassing collaboration aimed at nurturing and expanding the meme environment within the Binance Smart Chain network.

This venture involves collaborations with trading company DWF Labs and Floki, which is the biggest memecoin by market cap within BNB Chain. The objective of this project is to foster development for smaller memecoins, aiding in community expansion, brand building, marketing strategies, user engagement, and influencer marketing efforts.

Memecoins now play a significant role in driving the cryptocurrency market, influencing a large portion of transactions and defining a key aspect of crypto’s unique culture,” said a spokesperson for GraFun to CoinDesk via Telegram. “Creating GraFun Labs will facilitate the development of future memecoin projects, allowing them to reach their full capabilities.

As a researcher, I’m excited to share that we welcome memecoin projects with compelling narratives and innovative approaches to join our Growth Program by submitting their applications via the online form provided by GraFun Labs.

In September, GraFun debuted on the BNB Chain, featuring a “Fair Curve” system for minting memecoins. This mechanism, according to developers, helps mitigate the risk of rug pulls, decreases the possibility of price manipulation, and leads to fewer users experiencing financial losses. In its first 24 hours on PancakeSwap, it reported over $250 million in trading volume.