SushiSwap Launches New Meme Coin Platform
Popular DEX SushiSwap has unveiled a new launchpad for meme coins called Dojo, created in collaboration with Goat Trading.
This new platform aims to address concerns about the saturation of the meme coin market. Dojo is designed to solve common issues seen in other launchpads, such as significant post-launch price drops. By integrating with Sushi V3, it uses narrow-range liquidity to minimize slippage, allowing for smoother token sales.
To further protect the market, Dojo sets a higher initial market cap for new tokens at $15,000, up from the typical $5,000. This move is intended to discourage manipulative trading practices and ensure a more stable market environment.
READ MORE: DeFi Protocols Face Significant Fee Drop Amidst Market Shifts
Operating on the Base chain, Dojo incorporates safeguards against automated trading attacks, enhancing overall security.
Data shows similar platforms, like Ethervista on Ethereum, are also active, with significant gas fees recently. Pump.fun, another notable platform, has achieved over $100 million in revenue and launched more than 2 million meme coins since January.
However, the surge in new tokens has led to mixed reactions, with some experts noting that the market’s rapid expansion has resulted in numerous scams and investor losses.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
