Solana-based viral memecoin PONKE is ready to begin the next leg of its journey by introducing added utility for its users with PonkeSwap.
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Amidst growing interest in crypto and increased adoption of decentralized services, PONKE has launched a decentralized exchange (DEX). The DEX will leverage the low-cost and fast infrastructure of Solana to provide an efficient and accessible decentralized trading experience to its expansive ecosystem.
PONKE has already generated a lot of traction with its memecoin, which is up a whopping 1,278% from its $0.02173 low earlier this year. The golden child of Solana, which embodies the personality of a big risk taker, is currently listed on Revolut, Bybit, Kraken, KuCoin, and Crypto.com, among other major CEXs.
This has led the community-driven project to gain nearly one million followers across social media and tens of millions of views of their viral content.
Now, the memecoin is offering its large and highly engaged community an opportunity to join the decentralized movement and enjoy seamless token swaps and rewards. As part of the Ponke ecosystem, PonkeSwap aims to simplify the complex cryptocurrency landscape for users seeking fun, flexibility, and lucrative opportunities.
Redefining the Memecoin Space
The PonkeSwap DEX comes equipped with a fast and efficient token swap capability. Using this feature, you can swap your $PONKE for other Solana-based tokens instantly.
Given the popularity of the Solana blockchain, which has led to the memecoin mania, there’s a need for an effective way to trade these tokens with ease. And with ample liquidity pools, PonkeSwap offers just that: the ability to trade tokens easily.
“PonkeSwap is designed to be the ideal entry point for new traders looking to join the Ponke ecosystem,” is what Ponke’s development lead has to say about the DEX, which will make exploring the vast crypto ecosystem “simple and seamless.”
Ponke Development Team
There’s even a special rewards feature that allows users to lock their $PONKE tokens and effortlessly earn a share of fees generated across the platform. The PONKE community has already locked 15M tokens on PonkeSwap, representing $6.7M in USD value, and nearly 3% of available supply.
Eyeing a Major Tier 1 CEX Listing
The excitement with PonkeSwap doesn’t end here. The DEX launch can actually help PONKE reach the masses by gaining a listing on the largest crypto exchange in the US, Coinbase. The public-listed trading platform (COIN) boasts 8 million monthly transacting users, while the total number of verified users last reported (4Q22) was 110 million.
Interestingly, Coinbase is not big on listing memecoins unless the project offers some sort of utility. This observation was made by X user @rasmr_eth, who noted that despite all the memecoin craze, the exchange has not listed one for spot trading in the US since BONK in May.
“Coinbase does not list securities. Coinbase lists utility tokens,” noted the blockchain researcher in his X thread.
When it comes to Bonk, the memecoin is involved in simplifying DeFi for holders and being a preferred in-game currency across blockchain gaming. This shows that while memecoins are the leading narrative this cycle, only those that offer utility will get a chance at Coinbase listing.
So, PONKE, with its rapidly growing community, presence on other tier 1 CEXs, and the launch of PonkeSwap, seems to be best-positioned to become the next memecoin to be listed on Coinbase. Such a listing has the potential to send PONKE on a face-melting rally, leading to price discovery, and become a standout player in the cryptocurrency landscape.
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