Pepe Unchained ICO Raises Over $8M For Meme Coin Layer 2 Blockchain

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Pepe Unchained ($PEPU), an Ethereum layer 2 blockchain focused on meme coins, has successfully raised $8 million at presale.

The ongoing token sale event is raising funds for the project’s development, which aims to build a memetic offshoot of Ethereum with lower fees and faster speeds.

Having raised over $8 million, Pepe Unchained is quickly becoming one of crypto’s hottest prospects. 

Layer 2s like Pepe Unchained are in higher demand than ever

The meme coin market is worth $39 billion – but many tokens are literally useless.

While their light-hearted nature has worked wonders, Pepe Unchained has the best of both worlds.

It injects the meme coin buzz it into a layer 2 blockchain akin to Polygon, Arbitrum, Optimism, or Blast.

These layer 2s are changing the game. 

They provide low-cost transactions within the Ethereum Virtual Machine.

And adoption keeps growing  – L2Beat reports transaction activity is higher than ever.

But Ethereum Founder Vitalik Buterin thinks this is just the beginning.

He’s talking about integrating all the layer 2s as one, which would make switching between them or transferring liquidity effortless.

That would be great for Pepe Unchained, making it even easier for users to onboard.

I think people will be surprised by how quickly "cross-L2 interoperability problems" stop being problems and we get a smooth user experience across the entire ethereum-verse (incl L1, rollups, validiums, even sidechains). I'm seeing lots of energy and will to make this happen.

— vitalik.eth (@VitalikButerin) August 5, 2024

But let’s take a step back. 

What exactly is Pepe Unchained, and how does it work? Allow us to explain.

Devs can create dApps, launch tokens, and much more with Pepe Unchained

Pepe Unchained is a blockchain like Ethereum, except with lower fees and 100x faster speeds.

But at Pepe Unchained’s core, it’s still a meme coin.

This should not be overlooked.

Most of the other joke tokens are content with a funny animal picture. But not Pepe Unchained.

It’s building a home for meme coins.

Are you ready to connect to the first meme coin layer 2? It’s coming soon!