Pepe Unchained (PEPU) stands out in the cryptocurrency space by linking the allure of memecoins with the practical application of being an Ethereum Layer-2 solution. The project offers more than typical memecoin attributes.
What is Pepe Unchained?
Pepe Unchained launched in December 2024, offering a fresh perspective on the memecoin phenomenon. Drawing inspiration from the success of PEPE, it provides more than just entertaing aspects but also genuine utility. At its core, Pepe Unchained is an Ethereum Layer 2 designed to speed up transactions, enhance security, and reduce fees. The project has already developed key components including [Pepe's Pump Pad](https://bsc.news/post/pump-pad-pepu-memecoin-launchpad-guide), Pepuswap, a cross-chain bridge, and a blockchain explorer. Special attention is given to the 'Pepe Frens With Benefits' program, aiming to stimulate network development.
PEPU Token: Understanding the Tokenomics
The PEPU token serves as the main currency within the Pepe Unchained ecosystem. Currently, the token's market cap is approximately $77 million. According to its [whitepaper](https://pepeunchained.com/assets/documents/whitepaper.pdf), the token allocation is as follows: 10% for marketing, 30% for staking rewards, 5% for chain inventory, 7.5% for liquidity, and 47.5% for project development. The maximum supply is capped at 8 billion PEPU tokens, with 6.55 billion already in circulation.
Ecosystem Development and Progress
The Pepe Unchained team actively expands the project with two major updates: in early December 2024, besides launching L2 network, DEX functionality and cross-chain bridge were introduced; in late December the full L2 operational status was confirmed. As per its explorer data, about 60,000 transactions were processed daily in January 2025, with a total transaction number reaching 4.5 million.
Pepe Unchained represents more than a memecoin; it integrates entertainment and practical blockchain applications. While it faces competition and some challenges, its success positively impacts the enduring development of the crypto industry.
