Bullcheese.fun has launched alongside the Sept. 16 mainnet rollout of Circle’s Arc Layer 1, introducing a memecoin launchpad that replaces the traditional bonding curve model with single-sided concentrated liquidity. The platform allows users to create and trade tokens using USDC as the primary pricing and settlement asset, with no separate graduation phase before tokens reach a decentralized exchange.
Under the model, a token’s full supply of one billion units is placed into a Uniswap v3 liquidity position without requiring USDC to be deposited upfront. The position is configured above the initial launch price, allowing tokens to be sold as buyers enter and push the price upward. Bullcheese.fun charges a 1% fee on each swap, with 75% of that fee distributed to the token creator in USDC. Projects can also lock liquidity and vest team allocations onchain from the start through Team Finance’s TrustSwap, using audited smart contracts for periods from 90 days to five years.
Bullcheese.fun uses activity-based discovery categories such as Fresh Cheese and Aged Cheese, and selects ten projects each week for its Bulls Arena. Circle’s Arc chain, an EVM-compatible Layer 1 using USDC as its native gas asset, has recorded $649 million in USDC and $7 million in EURC on the network, according to data highlighted by @tokenterminal. That stablecoin liquidity underscores Circle’s vertical integration push and may attract institutional attention as the platform matures.
The launchpad’s design reduces certain liquidity-removal risks through fixed lock durations and withdrawal addresses, but it does not eliminate risks such as sharp price movements, concentrated ownership, or vulnerabilities in newly launched token contracts.
