On December 4, BNB reached a new all-time high (ATH) of $782.79 after PancakeSwap unveiled PancakeSwap Springboard, a platform designed for launching meme coins on the BNB Chain.

The cryptocurrency surged by 19.6% in 24 hours, climbing to the fifth spot in market capitalization ($113 billion), surpassing Solana.

This success follows the trend set by Pump.fun, a similar platform on Solana that generated a record $93 million in fees in November, boosting Solana’s position as the leader in decentralized exchange (DEX) trading volume.

As of now, users have launched 10 meme tokens on Springboard, with the largest reaching a market capitalization of $227,916.

Key Features of PancakeSwap Springboard:

No fees for creating tokens.
Trading fee: 1% (minimum 0.001 BNB) after listing tokens on the market.
Liquidity provision fee: 2% before the token transitions to PancakeSwap, split equally between the token creator and the platform.
Supported assets for liquidity: Users can choose between BNB, USDT, and CAKE.

Once a token reaches 100% of its “bonding curve” liquidity (24 BNB), it is automatically listed on PancakeSwap.

Following BNB’s rally, CAKE, PancakeSwap’s native token, also rose by 30% within 24 hours.

Background: In October, Pump.fun announced plans to launch its own token and introduced Pump Advanced, a trading terminal for experienced users. However, disabling streaming on the platform in November led to a 30% decline in revenues.

BNB Chain, developed by Binance, is a blockchain designed for scalability and reduced transaction costs, making it a preferred network for launching new tokens and applications.