The Solana on-chain memes platform is rapidly rising.

In January 2024, a platform focused on the issuance and trading of memes on the Solana blockchain emerged, quickly igniting community enthusiasm with its fair issuance concept and pushing the meme coin craze to new heights. The platform has performed impressively, with cumulative revenue exceeding $200 million, and peak daily revenue reaching millions of dollars, momentarily ranking as the fourth-largest protocol across all blockchain networks.

The success of this phenomenal product is inseparable from its young and innovative European team. Despite the fact that the team members have the highest education level of only secondary school, they possess strong technical prowess and have a keen intuition for the product. They initially attempted to develop an NFT trading market and went through several twists and turns before finding the current development direction.

This platform adopts a joint curve pricing model, eliminating the need to inject initial liquidity like traditional DEXs. The token price has a positively correlated exponential rise with quantity, gradually releasing tokens as users make purchases. This mechanism encourages early investment while providing later investors with stronger price influence. When a certain market value is reached, the platform will automatically build a liquidity pool on the DEX to balance price fluctuations.

The operation process of the platform is divided into two stages: pre-listing fundraising and post-listing trading. Users can issue tokens at a very low cost and release tokens through fundraising. When the market value reaches $100,000, the tokens will be listed and traded on the DEX. Throughout the process, the platform charges a 1% transaction fee and a 6 SOL listing fee.

Recently, the platform's live streaming feature has sparked heated discussions. The live content is varied, ranging from pornographic performances to bizarre challenges, with streamers going to great lengths to attract attention. This "meme coin + live streaming" model has created a new type of attention economy, making token issuance and trading more social and entertaining. However, the lack of effective control may also lead to the proliferation of undesirable content, and the platform needs to find a balance between attracting users and maintaining a healthy ecosystem.

The meme coin craze reflects the crypto culture and the spirit of decentralization, while also satisfying ordinary users' fantasies of quick wealth. Although it is essentially a form of gambling, it lowers the barriers for ordinary users to participate in the blockchain world. This platform successfully meets the demand for everyone to create coins and trade coins, becoming a unique funding model.