Moonshot, a popular iOS application for buying and trading tokens, recently announced the addition of Apple Pay support for launching new memecoins. This new feature, called Moonshot Create, simplifies the coin creation process by allowing users to mint a Solana-based coin with just a photo upload and a tap on the “Create” tab. Users can pay the network initialization fee through Apple Pay, making the process quick and easy.
Each newly minted coin comes with a 0.5% trading fee until it “bonds” to an on-chain liquidity curve. Once bonded, the fee drops to 0.3%, and the creator can earn up to half of every swap fee generated by the pool. Additionally, tokens that reach a $1 million fully diluted valuation and complete bonding are eligible for preferred verification status and front-page placement inside the Moonshot app, which boasts millions of monthly active users.
Pump.fun, another memecoin launchpad, also released an update to its mobile application on the same day. The update includes features such as a feed to track rapidly rising tokens, the ability to quickly buy portions of supported tokens with a single button, and a news section featuring trending tokens.
These announcements come at a time of declining interest in memecoins, as data from Blockworks shows a decrease in monthly trading volume related to memecoins on Solana. While the sector saw significant growth in April and May, trading volume has dropped in recent weeks.
Despite the market uncertainty surrounding memecoins, Moonshot and Pump.fun are continuing to innovate and provide new features for users. With the addition of Apple Pay support and the release of updated mobile applications, these platforms are aiming to attract more users and provide a seamless experience for creating and trading memecoins.