Source: Followin
L2beat data shows that the TVL of the Base chain is approximately $7.27 billion, ranking third in layer2, just behind OP's $7.567 billion.
From the perspective of data growth, it is without a doubt that it will surpass OP in the short term.
Although the DeFi applications on the Base chain are not outstanding, it is obvious that a large amount of funds are pouring in.
Regarding the Base chain, the public will have two impressions: one is that social applications are strong, such as Farcaster, Friend.tech, and so on. The second is the MEME coin paradise, second only to Solana.
For the Base chain team, MEME is also highly valued. Jesse Pollak, the head of the Base protocol, is the spiritual leader and leader of the Base chain MEME coin. He frequently retweets X tweets for MEME coin projects.
At the Memecoin hackathon in April, he made a wonderful discussion about MEME coins:
- MEM has led thousands of people into the Base ecosystem;
- The MEME community has created numerous incredible creative content, including tweets, meme content, NFT projects, art works, and various activities.
In short, the MEME on the Base chain is very lively.
On June 6th, there will be an online event called the Base meme summit on the Base chain. How will the Base chain play with MEME? Perhaps there will be some answers.
Currently, what are the top MEMEs on the Base chain? Followin will help you sort it out together.
Let's take a look at the 5 tokens involved in this event.
TYBG: The MEME cultural center of the Base chain
TYBG is a MEME coin issued by The Based Institute, which is a research institution funded and led by Jesse Pollak as an individual, aiming to support the development of an optimistic, rich, and proprietary culture in the Base ecosystem through research.
The Based Institute is also the organizer of this MEME Summit event. TYBG currently has a market value of $20.55 million.
Token address: 0x0d97F261b1e88845184f678e2d1e7a98D9FD38dE
DEGEN: The Dragon One of the Base chain (unstable status)
DEGEN should be the MEME coin with the largest grassroots base on the Base chain, having experienced a sharp rise before. In the social application Farcaster, users can use DEGEN for tipping. This token is also considered the most likely to be listed on Coinbase. It has been listed on platforms including BingX, Gate, Bybit, HTX, Kucoin, and others.
DEGEN will participate in the MEME Summit event. It currently has a market value of $810 million.
Token address: 0x4ed4e862860bed51a9570b96d89af5e1b0efefed
TOSHI: A blue cat with recent good performance
TOSHI's image is a blue cat. At present, this project does not seem to be entirely a MEME coin, but is becoming a DAO organization, attempting to develop some developer toolkits for the Base chain, such as launchers, DEX, and so on.
TOSHI has risen by over 27% in the past 24 hours, making it one of the coins with a high increase on the Base chain recently. TOSHI currently has a market value of $200 million.
TOSHI: 0xac1bd2486aaf3b5c0fc3fd868558b082a531b2b4
MOCHI: A cat with a chubby penguin style
MOCHI is a yellow cat, and its name, like TOSHI, comes from the name of the cat owned by Coinbase founder Brian Armstrong.
MOCHI currently seems to be a pure cute style MEME, similar to the NFT project Pudgy Penguins, adept at creating beautiful pictures and short videos on social media. MOCHI currently has a market value of $27 million.
Token address: 0xf6e932ca12afa26665dc4dde7e27be02a7c02e50
AYB: Low market value pixel style MEME
AYB is a pixel-style image, and AYB will also participate in the MEME Summit event. Compared to other projects participating in the event, the market value of this project is the lowest, only $4.1 million. Additionally, it can be found that AYB has a strategic partnership with Bybit, which is speculated to be a layout of Bybit Web3 in the Base ecosystem.
Token address: 0x7ED613AB8b2b4c6A781DDC97eA98a666c6437511
Next, let's introduce some of the highly popular MEME projects on the Base chain.
BRETT: Recent skyrocketing myth
BRETT is from the same origin as PEPE, from Matt Furie's "Boy's Club" comic series. Moreover, it appeared on the Base chain in 2023. It has recently been breaking new highs, with a market value close to $1 billion, surpassing the hot DEGEN. From the current situation, BRETT has gained capital to compete with PEPE.
Token address: 0x532f27101965dd16442e59d40670faf5ebb142e4
HIGHER: Strong community culture
HIGHER is mainly a meme coin based on the Farcaster social protocol, with a strong creator culture and atmosphere. From the current situation, this MEME coin is in a continuous decline.
Token address: 0x0578d8a44db98b23bf096a382e016e29a5ce0ffe
MFER, NOGS: Resurrection of NFT projects
MFER and NOGS are coins issued on the Base chain for the NFT projects MFER and Nouns, airdropped to NFT holders. The former is a personal action of the founder, and the latter is community-driven, with no official involvement.
From the price trend, both have been declining, with the former having a market value of $40 million and the latter having a market value of less than $5 million. In terms of community popularity, these two projects are becoming less vocal.
MFER token address: 0xe3086852a4b125803c815a158249ae468a3254ca
NOGS token address: 0x13741c5df9ab03e7aa9fb3bf1f714551dd5a5f8a
FRIEND: Planning to leave Base
friend.tech was once the hottest social protocol on the Base chain. After a token airdrop, FRIEND experienced a sharp rise and fall, and is currently in a declining trend. The market value is currently close to $100 million.
Currently, the project intends to leave the Base chain, and the founder claims that they have been excluded by the Base community. From various perspectives, the future development of this project seems uncertain.
In fact, new MEME coins continue to appear on the Base chain, such as BUILD, but these tokens have very large price fluctuations and are very new, so we will not introduce them here.
Overall, MEMEs on the Base chain seem to be in a declining trend. Compared to the recent active celebrity coins on Solana, MEMEs on the Base chain can be said to be losing popularity.
Do you think the online event on June 6th can bring the MEME trend of the Base chain?
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