The team behind the Solana launchpad and AMM Heaven has announced that it will lock up all of its Token on a one-year cliff, with re-vesting starting on the 1st of every month. The decision comes as the platform continues to attract more and more traders.
Launched on August 15, Heaven has processed nearly $350 million in volume with $3.8 million in revenue, according to data from Dune compiled by on-chain analyst @adam_tehc. All of the protocol’s revenue is used to buy back $LIGHT Token , creating a growth mechanism the team calls the “god flywheel.”
Thanks to this revenue stream, Heaven quickly became Pump.fun's biggest competitor in terms of daily revenue. Notably, 3/5 of the most valuable Token last week were launched on Heaven and did not migrate to other AMMs.
In the announcement, Heaven explained : “We are changing the vesting schedule to demonstrate our long-term commitment to $LIGHT. Heaven is just the first product in the $LIGHT ecosystem, and the team’s Token Lockup schedule needs to be closely aligned with that vision.”
Meanwhile, Pump.fun – the market-leading launchpad – has surpassed the $800 million mark in cumulative revenue, following a boost from its new Token launch, putting the platform ahead of rival LetsBonk of the BONK ecosystem on Solana.
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The article New Launchpad Heaven is about to hit $350 million in Volume appeared first on CoinMoi .
