Is Memecoin Entering a Super Cycle?

As we enter a new cycle, the structure of the crypto industry is changing. The old narratives and logic no longer fully apply, and the market is evolving towards greater efficiency. This can be seen in the Memecoin sector, which is known for its strong community interaction, humorous style, and rapid, often speculative price growth. Although it still lacks substantial functionality, it represents a more efficient trading application.

In this bull market, Bitcoin is soaring, and Memecoin is also experiencing explosive growth, forming a collective enthusiasm. Whether through integration with AI or enhanced functionalities, Memecoin is continuously innovating new possibilities. While the Memecoin craze is unlikely to weaken in the short term, it still relies on providing additional value, building unique communities, and maintaining resilience. So, returning to rationality and viewing it dialectically and developmentally, is Memecoin entering a super cycle?

On October 25, OKX, along with industry leaders including Benson from CoinKarma, Jackson, co-founder of 0xScope, Barbara, a core contributor from the Pepe community, Adam from the Solana Foundation, and Jade Chen from the TON Foundation, held a Twitter Space focused on Memecoin. They engaged in in-depth discussions on future trends and innovations in the industry, capturing unique insights from the guests.

OKX Alan Xu's Viewpoint: Memecoin Drives the Development of Decentralized Platforms and Infrastructure, Attracting More Users

Alan Xu from OKX delivered a speech representing the company, briefly introducing the historical background and cultural value of Memecoin. He pointed out that Memecoin is not just entertainment; it is a social phenomenon born at the intersection of blockchain technology and popular culture. In his view, the current market frenzy surrounding Memecoin is driving the development of decentralized platforms and infrastructure, attracting more users to participate in the blockchain ecosystem. This phenomenon not only showcases the appeal of Web3 but also prompts various public chain ecosystems and project parties to deeply consider the application potential of Memecoin.

CoinKarma Benson's Viewpoint: The Driving Force Behind the Memecoin Wave is Retail Investors' Desire for Innovation and Fairness

Benson from CoinKarma analyzed the impact of Memecoin's rise on on-chain and off-chain market trading volumes. He noted that recent on-chain trading volumes related to Memecoin have significantly increased, creating competition for trading volumes on centralized trading platforms. He specifically mentioned that OKX's investment in developing a Web3 wallet in 2022 has positioned it as a key player in this trend. He further stated that the Memecoin wave is essentially an exploration and vote by the capital market for a new asset class, driven by retail investors' desire for innovation and fairness. Benson predicted that the market will increasingly focus on whether Memecoin can attract more external capital and user inflow to maintain long-term growth momentum.

0xScope Co-founder Jackson's Viewpoint: Memecoin May Become the New Normal in the Industry and Could Drive a Continuous Trend Similar to a "Super Cycle"

Jackson, co-founder of 0xScope, shared his views on Meme launch platforms. He believes that platforms like pump.fun are performing exceptionally well in terms of user demand and revenue, especially with the ongoing Meme craze driving sustained growth in platform demand. Additionally, Memecoin is not only promoting the development of launch platforms but also driving the growth of data and trading infrastructure within the entire ecosystem. With the construction of various infrastructures, Memecoin is expected to become the new normal in the blockchain industry and may drive a continuous trend similar to a "Super Cycle."

Solana Foundation Adam's Viewpoint: Like Past NFTs, Memecoin is Becoming a Medium for People to Express Themselves and Build Communities in the Blockchain Ecosystem

Adam from the Solana Foundation shared Solana's unique advantages in supporting the Memecoin ecosystem. He pointed out that the Solana blockchain is known for its low fees and fast transaction speeds, providing a seamless experience for Memecoin transactions. Adam further explained that the popularity of Memecoin also reflects a cultural aggregation effect, where this sense of cultural identity encourages users to participate and support a common ecosystem. He predicted, "Just like the rise of NFTs in the past, Memecoin is becoming a medium for people to express themselves and build communities in the blockchain ecosystem."

Pepe Community Core Contributor Barbara's Viewpoint: The Future Development of Memecoin Will Be More Community-Oriented, with Members Participating in Project Construction and Management

Barbara, a core contributor from the Pepe community, explored the unique charm of Memecoin from a community perspective. She stated that the success of the Pepe community lies not only in creative expression but also in players' pursuit of culture and fun. Barbara believes that the future development of Memecoin will lean more towards community orientation, with community members participating in project construction and management, thereby further enhancing community cohesion. She specifically mentioned, "Memecoin is not just a speculative market; it is also a phenomenon with social, creative, and cultural attributes, aggregating the innovative power and participation enthusiasm of a new generation of users."

TON Foundation Jade Chen's Viewpoint: TON is About to Launch a Meme Launch Platform and a Special Support Program for Memecoin

Jade Chen from the TON Foundation discussed the application potential of Memecoin within the TON ecosystem, starting from Telegram's social attributes. She pointed out that the TON community has driven the development of Meme culture through social-driven methods. She revealed that TON is about to launch a Meme launch platform and has a special support program for Memecoin. Jade stated, "The TON community can bring higher efficiency and impact for the dissemination and implementation of Memecoin through the widespread effects of decentralized social networks."

In the subsequent discussion, the guests delved into the underlying demands behind the rapid development of the Memecoin market, particularly the inadequacies in infrastructure. For instance, the large-scale use of Memecoin poses higher demands on trading efficiency and platform traffic handling capabilities. Additionally, participants analyzed how to incorporate Meme cultural elements into current Web3 products to better meet young users' expectations for social interaction and entertainment experiences. Regarding new launch platforms, they believe these platforms not only accelerate the circulation of new tokens but also attract more users into the market, achieving sustainable growth through interaction and community building.

Among them, Alan Xu pointed out that as the Memecoin ecosystem matures, OKX Ventures will continue to support this ecological innovation, assisting industry development from multiple aspects such as technology, resources, and investment, to further improve the infrastructure of the Memecoin market, promote the deep integration of Web3 and Meme culture, and support innovative projects with long-term potential.

Although Memecoin remains a speculative asset class, it has become a symbol of the intersection of Web3 culture, community, and finance. For users, understanding the social and cultural background behind Memecoin will be key to effectively navigating this field. As always advised, invest cautiously, as the volatility of Memecoin brings both returns and high risks.

Disclaimer

This content is for reference only and does not constitute or should not be viewed as (i) investment advice or recommendations, (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. We do not guarantee the accuracy, completeness, or usefulness of such information. Digital assets (including stablecoins and NFTs) are subject to market fluctuations, involve high risks, and may depreciate or even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation and risk tolerance. Please consult your legal/tax/investment professionals regarding your specific circumstances. Not all products are available in all regions. For more details, please refer to OKX's terms of service and risk disclosure & disclaimer. The OKX Web3 mobile wallet and its derivative services are subject to separate terms of service. You are responsible for understanding and complying with applicable local laws and regulations.

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