Hi everyone,
We launched plaza.fun on Polkadot Hub mainnet about a week ago and wanted to share a quick update.
So far, with no marketing, incentives, or airdrops:
- 7 tokens created
- 6 created organically by community members
- ~100 trades
- Highest market cap around 270 DOT
- Up to 9 holders on a token
plaza.fun lets anyone create a native pallet_assets token on Polkadot Hub and trade it through a bonding curve. These are not factory-deployed ERC-20 contracts. They are runtime assets exposed through ERC-20 precompiles, which makes them XCM-ready and native to the Hub.
Under the hood, the system includes:
- Bonding curve trading
- PlazaSwap, a Uniswap V2-style DEX on Hub
- Automatic graduation from bonding curve to DEX liquidity
- 90% LP burn after graduation
- FeeKeyNFTs for transferable creator revenue rights
- Timelock governance and Guardian emergency pause
The numbers are still small, but they are real mainnet usage: real DOT, real users, and real on-chain interactions. The main thing we wanted to validate in week one was whether the product works end-to-end on Polkadot Hub with organic users. So far, it does.
We also received useful community feedback already, including a request for a deployers page to show who created which tokens.
You can try it here: https://plaza.fun
The core bonding curve contract is verifiable on Blockscout:
For a deeper technical breakdown, check out our Week 1 blog post:
Feedback, bug reports, and feature ideas are very welcome.