Heaven Launchpad Hits $3.8 Million in Fees Within 10 Days
Heaven, the new Solana-based token launchpad with its own in-house DEX, just shook things up big time. Launched on August 15, Heaven quickly snatched a 15% market share for token launches on Solana and hasn’t looked back since. In its first week, it averaged a staggering 4,100 token launches per day, peaking at nearly 9,000 tokens on day five. And let’s not forget, this generated a cool $3.8 million in fees within the first 10 days.
What Makes Heaven Different?
What makes Heaven stand out from other launchpads? Well, it doesn’t use the typical bonding curve model. Instead, it relies on something called “virtual liquidity,” which essentially means that every new pool starts with the equivalent of ~35 SOL, ensuring tokens can trade instantly on the platform’s Automated Market Maker (AMM).
Heaven’s Fee Structure and Market Caps
Now, here’s the kicker: Heaven’s fee structure is pretty straightforward. If a token’s market cap is under $100,000, they charge a 1% fee on every trade. But once it crosses that $100,000 threshold, the fees drop to 0.25% for “community” coins and 0.5% for “creator” coins, based on the Heaven team’s review.
The God Flywheel and LIGHT Token’s Rise
But wait, there’s more. Heaven has something called the “God Flywheel,” where 100% of the platform’s revenue goes towards buying back and burning its native token, LIGHT.
LIGHT itself made its debut three days before Heaven went live, starting with a $15 million market cap. In just one week, as activity picked up, LIGHT skyrocketed to an all-time high of $130 million. As of now, it’s holding steady at a $33 million market cap.
Jordan V.
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