Heaven Launchpad Captures 15% Market Share

Heaven, a launchpad for Solana tokens featuring an integrated DEX, launched just over a week ago and has quickly achieved a 15% share of the token launch market on Solana. Going live on August 15, Heaven has averaged approximately 4,100 token launches per day. It initiated with over 5,000 tokens on its first day and saw an impressive peak of nearly 9,000 tokens by day five, generating over $3.8 million in fees during the first 10 days of operation. What sets Heaven apart from other launchpads is its avoidance of bonding curves; instead, it uses "virtual liquidity" to initialize each new pool. This innovative approach allows every pool to trade as if it has been funded with about 35 SOL, establishing a baseline for price impact to facilitate immediate trading on Heaven’s AMM. Tokens launched on Heaven incur a 1% fee while their market cap is below $100,000. Once a token exceeds this threshold, fees decrease to 0.25% for "community" coins and 0.5% for "creator" coins, depending on the launching party's classification and a review by the Heaven team. Another key aspect that differentiates Heaven is its 'God Flywheel' initiative, where 100% of the protocol's revenue is directed towards buybacks and burns of its native token, LIGHT, which launched three days prior to the launchpad and had a market cap of $15 million at that time. As user activity increased following the platform's launch, LIGHT's market cap soared to an all-time high of $130 million within a week. At the time of this report, LIGHT's capitalization stands at $33 million.