Bags, a platform for launching memecoins on Solana, stands out thanks to its royalty payment mechanism for creators

#Bags , a platform for launching memecoins on Solana, has achieved remarkable success with over 1 billion USD in trading volume over the past 30 days. This platform distinguishes itself from competitors like Pump.fun and LetsBonk thanks to its unique strategy: paying royalties to original meme creators.

The "creator first" model

When creating a #memecoin on Bags, the creator must designate a royalty recipient, usually an artist, meme creator, or initiator of a movement. This model helps Bags attract attention and become the fastest-growing memecoin launch platform on Solana in terms of revenue.

However, like the memecoin market in general, the success of Bags still comes with risks. While some creators have received large royalty payments, the value of tokens launched on this platform can drop significantly, leading to losses for traders.

The return of the memecoin market

The development of Bags takes place against the backdrop of a strong resurgence in the memecoin market, with the total value increasing by 11% over the past 30 days, surpassing 77 billion USD. Trading volume also rose more than 45% during the same period, indicating that community interest in memecoins remains very high. #anh_ba_cong