In the crypto world, there’s an exciting buzz surrounding meme coins right now. Some of the top Base-meme-coins are experiencing impressive growth, with weekly yields ranging from 30% to a whopping 200%. Total Value Locked (TVL) has surged past $1.16 billion, marking a new high in daily transactions. This surge suggests a trend among investors, who are flocking to low-cap coins in search of higher profits.
The excitement surrounding Base is not only driving it to new heights but also attracting a wave of new users each week, with many meme coins hitting record prices and trading volumes.
The Rise of BASE-Based Meme Coins
The recent surge in BASE-based meme coins is changing the game. Tokens like Degen, Brett, All Your Base, Based Shiba Inu, and Broge have seen impressive double-digit growth in just the past week, catching the attention of investors and traders. Interestingly, this surge aligns with an extraordinary spike in daily transactions on Coinbase’s Layer 2 chain, BASE, which recorded an all-time high of 2.38 million transactions in a single day.
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Impact on BASE’s TVL
The growing popularity of these meme coins has significantly boosted BASE’s Total Value Locked (TVL), which now stands at a staggering $1.16 billion. This influx of capital into the BASE ecosystem reflects the increasing interest in meme coins and other assets on the platform, establishing BASE as a major player in the crypto market. Traders now have an alternative platform to engage with these digital assets, thanks to BASE’s emergence as a viable option.
Investors are jumping ship!
As trading volume on Solana’s decentralized exchanges declines, investors are turning their focus to Layer 2 chains like BASE. The appeal of meme coins based on BASE has led to a surge in daily transactions and trade volume on the platform, showing investors’ interest in new opportunities and assets with strong growth potential.
NFTs to Meme Coins
There’s been an interesting shift in the NFT community’s attention towards meme coins like DEGEN (Base-based meme coins), Ordinals, Bitcoin, and Farming Blast. This shift coincides with Coinbase CEO Brian Armstrong’s initiation of a soulbound NFT airdrop on Base, hinting at a potential Base token airdrop.
The rise in popularity of meme coins within the BASE ecosystem suggests that money may be moving from NFTs to these meme coins, potentially driving prices higher and solidifying BASE’s importance in the crypto space.
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Is Base the new king of meme coins? Let the debate begin!
