Pump.fun clone Emojicoin goes live on Aptos blockchain

Aptos, the blockchain network powered by a16z, has seen the first Pump.fun clone emerge as the meme coin craze continues to evolve.

Emojicoin, a new platform built on a Move-based blockchain, goes live on the Aptos (APT) blockchain, offering users the ability to launch, exchange and trade emoji-marked tokens. The solution allows users to issue and exchange digital assets with emoji symbols, adding “an extra layer of accessibility and creativity to the memecoin space,” Econia Labs, the firm behind the platform, said in a Nov. 20 blog post.

Alex Kahn, CEO of Econia Labs, said the idea behind emojicoin.fun is to “combine financial power with a fun, accessible experience,” adding that the platform offers “a more engaging and scalable solution for token launches.”

According to the blog post, the platform is committed to offering decentralized and fair token launches, providing users with equal access and market visibility. It also allows users to participate in real-time community discussions by leveraging parallelizable events and arithmetic aggregators to enable on-chain chat as well as scalable transactions.

Those interested in issuing an emojicoin will need to spend 1 APT (approximately $12.5 as of press time) plus 1 APT as a “refundable deposit.” Amid the news, APT rose 9% to $12.8.

Despite the ongoing hype around meme coins, it is the platforms that drive these activities that profit the most. As Crypto.news previously reported, Solana-based token distributor Pump.fun reached a major milestone in late October, surpassing 1 million SOL tokens in total revenue.

This milestone brings Pump.fun’s revenue to close to $250 million, based on current market prices. The platform has experienced rapid growth since its launch in January, reaching $100 million in revenue in just 217 days.