DWF Labs partners with GraFun to boost memecoin ecosystem

Web3 investment firm and market maker DWF Labs has announced a strategic partnership with memecoin launch platform GraFun.

According to DWF’s press release, the partnership aims to increase liquidity for tokens launched through GraFun, which operates on the BNB (BNB) Chain, and promote more stable and transparent trading of memecoins.

Memecoins are cryptocurrencies that are based on internet jokes or cultural references, often experiencing sudden price increases or decreases.

GraFun’s platform offers a new way to launch memecoins using a system called “Fair Curve.” According to DWF, this model aims to prevent issues like price manipulation or pump-and-dump schemes that have plagued many memecoins in the past.

GraFun’s approach ensures that memecoins launched on its platform begin trading fairly and transparently.

GraFun’s growing interest

GraFun has shown that interest in its system is growing by receiving two million signups in just two weeks. The company has also partnered with Floki (FLOKI), a popular memecoin. As memecoin season gains momentum, GraFun’s partnership with DWF Labs is seen as a significant step.

DWF Labs will use its market expertise to support memecoin projects launched on GraFun, focusing on providing liquidity. This will help new tokens develop in a more controlled environment by ensuring that enough tokens are available for trading without causing extreme price swings.