Newcomer launchpad Heaven nears $350 million in volume as team pledges one-year token lockup
Quick Take
- Heaven, a Solana-based token launchpad, has processed nearly $350 million in volume since its launch on Aug. 15.
- Heaven’s team announced Saturday that it will re-vest its allocated LIGHT tokens to adhere to a one-year cliff.
- 100% of the protocol’s revenues are used for programmatic token buybacks.
The team behind Solana-based launchpad and AMM Heaven will re-vest their tokens to adhere to a one-year cliff, the team announced Saturday, as the platform gains momentum among traders.
Heaven has processed nearly $350 million in lifetime volume since its launch on Aug. 15, according to a Dune dashboard from onchain analyst @adam_tehc, with $3.8 million in lifetime revenue. 100% of Heaven's protocol revenues are used for programmatic buybacks of its native token, ticker LIGHT, in what the protocol calls the "god flywheel."
Heaven's revenue so far has established the newcomer platform as Pump.fun's current biggest rival in terms of daily revenue generated. Tokens launched on Heaven, which do not migrate to another AMM, make up three of the five most valuable tokens launched in the past week, according to Dune data.
On Saturday, Heaven announced that instead of its current linear unlock schedule for team token allocations, the team will re-vest their tokens on the first of every month to adhere to a one-year unlock cliff.
"We made this change to reflect the team's long term alignment to $LIGHT," Heaven wrote in its announcement. "Heaven is the first amongst a suite of products within the $LIGHT ecosystem ... the team's lockup should be more structurally aligned to that vision."
Pump.fun, the longtime launchpad leader, recently surpassed $800 million in lifetime revenue, after its token launch boosted the platform ahead of rival LetsBonk, which supports the Solana memecoin BONK's ecosystem.
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