BNB Chain-based memecoin issuance platform GraFun is set to expand onto the Ethereum network. The developers announced this development, aimed at broadening the user base and increasing the platform’s liquidity for meme token issuances.

The unique "Fair Curve" model offered by GraFun is designed to mitigate risks commonly associated with rug pulls, reduce price manipulation and ensure equitable token distributions, thereby reducing economic losses for users. Notably, Floki holds over 40% ownership in GraFun, alongside significant backing from DWF Labs.

"In just 1.5 months since the platform debuted, it saw over 13,600 memecoins launch with an impressive volume of $430 million," GraFun conveyed in a Telegram message. "Despite only operating on a single chain, it emerged as the leading memecoin launchpad on EVM-compatible chains."

By transitioning to Ethereum, GraFun intends to reach newer audiences, tap into higher liquidity, and enhance its visibility in the crypto trading community.