I previously discussed what happened to Pump(dot)Fun, such as the termination of the Live-stream feature and the transfer of a large number of SOLs by Pump(dot)Fun. This time I will discuss BNB. What's up with BNB?
In recent days, BNB has experienced a significant price increase of more than $780, and this price is the new ATH for BNB. They even managed to displace SOL from 5th place in Market Cap, although they have now fallen back to 6th place. What is going on that the BNB price can rise in such a short time?
PancakeSwap launches "New Product"
https://x.com/PancakeSwap/status/1864200755827364185
Pancake Swap which is one of the top Decentralized Finance (DeFi) recently introduced a "new product" called SpringBoard. SpringBoard is a Memecoins Launchpad that allows anyone to create Memecoins without any coding experience.
"That sentence sounds familiar, doesn't it?"
Yes, you're right. SpringBoard is practically Pump(dot)Fun in the BNB ecosystem. It works fairly similarly to Pump(dot)Fun where you can create meme coins in a few steps (I haven't tried it yet btw). After reaching the target set by the platform (bonding Curve reaches 100%), the tokens will move to PancakeSwap DEX to be traded more widely.
As for their differences, (as far as I know) SpringBoard is not a standalone platform like Pump(dot)Fun but instead sits within PancakeSwap. The platform supports multiple token pair options, including BNB, USDT, and CAKE (unlike Pump(dot)Fun which only supports SOL as a token pair option). In addition, SpringBoard also offers optional boosts via PancakeSwap's CAKE Farm Program. This program rewards projects that are selected (and meet the criteria) with additional Liquidity.
Because SpringBoard is still new (about 1 day ago), there are not many meme tokens created yet, but there are already some that managed to reach the target and move to PancakeSwap DEX. the price of CAKE has also increased due to the emergence of SpringBoard.
That was the information about the new product from PancakeSwap One of the Top DeFi owned by BNB. Now BNB has followed in the footsteps of Solana, Tron, and Base in creating memecoins LaunchPad. And that has pushed the price of BNB up significantly. Will others follow their lead in creating their own version of Pump(dot)Fun?
Thank you for visiting and taking the time to read until the end. See you in the next post...