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![0xelonmoney Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1554827123491082241.png) ElonMoney [@0xelonmoney](/creator/twitter/0xelonmoney) on x 52.3K followers
Created: 2025-07-06 16:16:56 UTC

Graphite Protocol ($GP) Overview

Core Function & Revenue Model

$GP is the native token of @GraphiteProto, a key player in the Solana ecosystem. The protocol powers (@bonk_fun), a memecoin launchpad generating ~$300k daily fees. A portion of this revenue (7–7.6%) is allocated to buy back and burn $GP tokens, creating deflationary pressure. For comparison, BONK receives XX% of fees but trades at a $1.5B market cap versus $GP’s $75M.

Growth Catalysts

- Market Share: recently overtook in daily volume and new token launches, with a $42M annualized revenue run rate.
- Buyback Mechanism: Graphite Protocol has already bought back XXXX% of $GP’s supply over two months, with plans to repurchase ~26% annually.
Purchased tokens are burned in X% increments.
- Upcoming Triggers: Potential CEX listings, interest from liquidity funds, and @pumpdotfun's token TGE, which could drive attention to undervalued launchpad tokens like $GP.

Valuation & Sentiment

- $GP's FDV of $89M is seen as undervalued compared to $4B FDV.
- The token’s price surged 4x in three days amid growth, with analysts projecting further 3–5x gains if sustains momentum.

Risks & Considerations

- Liquidity fragmentation across decentralized exchanges requires cautious trading
- Dependency on continued dominance in the memecoin launchpad space

Conclusion

$GP represents a leveraged bet on success, combining revenue-driven tokenomics with speculative upside from Solana’s memecoin ecosystem. Its deflationary model and low FDV relative to peers make it a focal point for traders anticipating a “flippening” in launchpad dominance.

Tagging some chads:
@0xdetweiler 
@jonesrida 
@xbrazilzz 
@0xRenaissance
@mattaaron

![](https://pbs.twimg.com/media/GvL9-8-WUAAPEo1.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1941894140968468907/c:line.svg)

**Related Topics**
[$300k](/topic/$300k)
[launchpad](/topic/launchpad)
[memecoin](/topic/memecoin)
[bonkfun](/topic/bonkfun)
[graphiteproto](/topic/graphiteproto)
[token](/topic/token)
[protocol](/topic/protocol)
[graphite protocol](/topic/graphite-protocol)

[Post Link](https://x.com/0xelonmoney/status/1941894140968468907)