Graphite Protocol ($GP) is showing significant growth thanks to successful integration with the BONK Fun platform. This article examines the factors contributing to this growth and the benefits for $GP.
BONK's Surge and Graphite Protocol's Growth
In the past 24 hours, the BONK Fun platform experienced a spike in activity, generating over three times the fees compared to the previous day. From these collections, half is allocated to buying and burning $BONK, while 7.6% is reserved for buybacks and burns of $GP. Therefore, while BONK captures attention, $GP quietly benefits.
Advantages of Graphite Protocol
Graphite Protocol ($GP) is a multi-chain infrastructure designed for creators and teams wanting to launch their blockchain projects without deep technical skills. The project works across Solana, Ethereum, and Polygon, offering tools for both novices and advanced developers. The $GP token is used for feature payments within the ecosystem, creating constant demand.
Tokenomics Effectiveness
Graphite's tokenomics are designed to directly benefit token holders. Whenever a project is launched or a feature is used, $GP is bought from the open market and subsequently burned, reducing its supply and creating upward pressure on price. The Graphite team also plans to expand into games and new sub-brands, which will further increase demand for the token.
Graphite Protocol may be one of the most under-the-radar projects in the current cryptocurrency market, thanks to its integration with BONK Fun and thoughtful tokenomics.
