GraFun Labs announced that its “legendary memepad” is now live on the TON blockchain. The announcement comes days after the platform integrated Ethereum and other blockchains.
This represents a notable step toward developing meme coins on TON. Although meme coins are surging across the crypto industry, the TON ecosystem is somewhat underrepresented.
GraFun Integrates TON
DWF Labs boosted this news after GraFun Labs’ initial announcement, but the companies’ direct collaboration on the project seems unclear. Since September, the two firms have partnered to support token launches on GraFun, helping the rise of a flourishing meme 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 at DWF.
Both 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 creators, making new asset development more accessible regardless of the blockchain. Last week, the firm also promoted GraFun’s Ethereum integration announcement.
Regardless, Telegram’s Toncoin (TON) blockchain is certainly a fruitful ground for meme coin expansion. Two months ago, it launched Memelandia, a decentralized meme coin hub, to foster growth in this sector. TON’s underlying price has steadily risen this month, further aiding new profit opportunities.
As of yet, the TON ecosystem has been somewhat underrepresented in the meme coin surge. In September, Binance listed five TON assets, identifying its ecosystem as an effective avenue for crypto enthusiasts. Binance specifically highlighted Telegram’s massive user base and strong local communities, offering new chances for viral launches.
Since these listings, however, TON meme coins haven’t punched above their weight. In comparison, Solana-based meme coins brought the platform to record fees, and XRP’s recent rally significantly boosted its own meme coins. TON, however, doesn’t have any similar breakout successes recently.
GraFun Labs may help change this state of affairs in TON. However, considering that the firm also integrated Ethereum recently, it may quickly move on to other chain integrations.
The post GraFun Labs Integrates TON Blockchain for Meme Coin Launchpad appeared first on BeInCrypto.
