GraFun Labs announced that its “legendary memepad” is now available on the TON blockchain. The announcement comes days after the platform integrated Ethereum and other blockchains.
This represents a notable step towards the development of meme coins on TON. Although meme coins are proliferating in the crypto industry, the TON ecosystem is somewhat underrepresented.
GraFun integrates TON
DWF Laboratories boosted this news after the first message from GraFun Labs announcementbut the direct collaboration of the companies on the project seems unclear. Since September, the two firms have in partnership to support token launches on GraFun, helping the rise of a thriving coin industry.
“We are excited to partner with GraFun to support the next generation of memecoin projects. GraFun’s model aligns with our commitment to fostering transparency and sustainability in crypto. Together, we aim to empower emerging projects and provide them with the liquidity and support they need to succeed,” said Andrey Grachev, Managing Partner of DWF.
The two companies frequently promote each other on social media, but their exact cooperation on this TON integration is unclear. Two weeks ago, DWF launched a $20 million fund for meme coin creatorsmaking the development of new assets more accessible regardless of the blockchain. Last week, the company also promoted Announcing GraFun’s Ethereum integration.
Regardless, Blockchain Toncoin (TON) from Telegram is certainly fertile ground for meme coin expansion. Two months ago, he launched Memelandia, a decentralized coin hubto promote the growth of this sector. The underlying price of TON has steadily increased this monththereby contributing to new profit opportunities.
For now, the TON ecosystem has been somewhat underrepresented in the coin’s surge. In September, Binance listed five TON assetsidentifying its ecosystem as an effective path for crypto enthusiasts. Binance specifically highlighted Telegram’s massive user base and strong local communities, providing new opportunities for viral launches.
Since those listings, however, TON coins have not punched above their weight. In comparison, Solana-based meme coins caused the platform to record feesand the recent rally of XRP significantly increased its own coins. TON, however, has not enjoyed similar success recently.
GraFun Labs can help change this state of affairs in TON. However, given that the company also integrated Ethereum recently, it could quickly move on to other chain integrations.
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