On July 28, the MemeFi protocol Color reached a significant milestone by successfully adding liquidity to its first experimental asset, Colorpepe. This achievement saw Colorpepe's market capitalization soar to a peak of $10 million, demonstrating the potential of the Color protocol in the memecoin market.

Colorpepe was created through a cross-chain conversion of $1 million worth of PEPE, a popular memecoin, and supports unconditional reverse principal-protected conversion. This innovative approach allows for the seamless transfer of value between different blockchain networks, further enhancing the appeal of Colorpepe. As the first split asset issued by the Color protocol, Colorpepe is based on blue-chip memecoins, which are highly valued for their rarity and cultural significance.

The Color protocol's use of the BC-404 hybrid contract standard, which combines non-fungible tokens (NFTs) with tokens, enables the creation of unique digital assets like Colorpepe. This standard fosters consensus and expansion within the blue-chip memecoin community, allowing for greater collaboration and innovation. By leveraging the strengths of both NFTs and tokens, Colorpepe offers a new paradigm for digital assets, one that combines the best of both worlds.

The successful addition of liquidity to Colorpepe demonstrates the effectiveness of the Color protocol in facilitating the growth of memecoin assets. As the first experimental asset to be launched on the Color protocol, Colorpepe's performance sets a promising precedent for future assets. With its innovative approach and commitment to community expansion, the Color protocol is poised to make a significant impact in the memecoin market.

The achievement of Colorpepe's market capitalization peak of $10 million highlights the potential for memecoin assets to reach new heights. As the Color protocol continues to evolve and improve, it is likely to attract more attention from investors and enthusiasts alike, further driving growth and innovation in the memecoin space.