On December 4, BNB reached a new ATH of $782.79 after the DEX PancakeSwap introduced PancakeSwap Springboard — a platform for launching meme coins on the BNB Chain.
Over the day, the asset rose by 19.6%. The cryptocurrency ranked fifth by market capitalization ($113 billion), surpassing Solana.
In November, Pump.fun — a pioneer and counterpart to PancakeSwap Springboard on a competing blockchain — collected a record $93 million in fees (+208% month-on-month). This surge allowed Solana to lead in DEX turnover.
At the time of writing, users have already created 10 meme tokens, with the largest having a market cap of $227,916.
Launching an asset does not require programming knowledge; users can set the project name, ticker, and basic settings “in a few clicks.”
PancakeSwap SpringBoard does not charge a fee for the service.
The trading fee in the protocol is 1%, with a minimum of 0.001 BNB after successfully launching the token on the market.
The fee for initial liquidity formation before transitioning to PancakeSwap is 2%. Half of this amount goes to the creator, while the other half is directed to PancakeSwap SpringBoard.
BNB, USDT, and CAKE can be chosen as settlement tokens.
Once an asset’s liquidity reaches 100% of the “bonding curve” on SpringBoard (24 BNB), all its issued coins will automatically appear on PancakeSwap.
On December 4, the token of the decentralized exchange CAKE also rose by 30% over the day.
In October, Pump.fun developers announced plans to launch a token and introduced the Pump Advanced trading terminal with enhanced features for advanced users.
In late November, the platform disabled streaming, leading to a one-third drop in revenues.