Why should you pay attention to the Base chain and its ecosystem MEME?
Written by: jiucaidog, Xiaobai Navigation Coderworld
As the crypto market plummets, the MEME market in the Solana ecosystem seems to have come to an end. Where will the focus of the next wave of market be?
On Twitter, a large number of overseas KOLs began to focus on the Base chain and its ecosystem after the Cancun upgrade: Gas was significantly reduced; AAwalletBringing a smooth experience; transaction and user data are increasing rapidly; with crypto-native MEME culture...
These make Base seem to have the possibility of nurturing a new MEME king, and Base seems to be expected to become the MEME-featured blockchain in the Ethereum ecosystem.L2.
Significantly reduced handling fees
After the Cancun upgrade, the Base chain transaction fee was greatly reduced. On March 20, its gas fee was only $0.007, and even dropped to $0.0005 at one point, which also laid the foundation for the explosion of its on-chain ecology.Xiaobai NavigationThe foundation.
Coinbase AAwalletAssist
One of the biggest advantages of the Base chain is that it is backed by Coinbase's huge user base and strong asset accumulation. Therefore, Coinbase only needs to build a chain to connect the Base chain and Coinbase.exchangeAnd wallet ecology.
Recently, Coinbase Wallet launched the AA wallet (http://smart-wallet.xyz). Ordinary users no longer need to go through cumbersome operation steps. They can directly use mobile phones or computer devices, touchid, and google accounts to create accounts, and can also directly connect to Coinbase accounts. This lays the foundation for the Base chain to attract large-scale users and funds.
Base On-chain data continues to rise
According to Dune's on-chain chart data, its number of new users continues to grow explosively, and its daily transaction volume and fee income also increase simultaneously. As of March 19, the total number of on-chain addresses exceeded 4.7 million.
MEME chain in the Ethereum ecosystem
In the entire Ethereum ecosystem, apart from Ethereum itself, it seems that only the Base chain has a strong MEME culture and genes.
In July 2023, the Base chain first received widespread attention due to the surge of MEME coin BALD by 30,000 times in one day. At that time, it was rumored that Coinbase insiders were manipulating the price of the coin.Token.
Subsequently, a new MEME leader was born, BRETT, which now has a market value of over US$300 million, and the cat-themed MEME Toshi, which now has a market value of US$100 million, becoming the two blue-chip MEMEs on the Base chain.
The most popular MEME recently is NORMIE, which was born in early March, has continued to rise, with a market value of over 120 million US dollars, and is expected to become the new MEME leader on the Base chain.
At the same time, after all, Base has a certain degree of Ethereum orthodoxy, so that other positions in the Ethereum ecosystem will also use the Base chain as their MEMETokenlaunch site.
The most typical example is that the Farcaster protocol and its application Warpcast on MEME are all created on the Base chain, such as Degen, FAR, SPAM, CAST, etc.Token.
In short, Base has a "long" MEME coin tradition, and even its relevant person in chargeJesse PollakHe is also a fan of MEME coin and encountered Rug when participating in the MEME project.
Currently, the main trading robots on the Base chain are:
Shuriken:UIFriendly, no token issued
https://t.me/ShurikenTradeBot?start=ref-minlyang
Sigma ：Large user base, no tokens issued
https://t.me/Sigma_buyBot?start=ref=5649277789
Looking at the MEMEs on Base, they have very obvious European and American cultural characteristics.
In terms of the liquidity of the entire chain, it is far inferior to Solana. Judging from the flow of funds on the chain, there is no massive influx of funds. A large number of memes are still PVP games, so there is no need to have the same expectations as the Solana ecosystem.
The Base ecosystem is still in its early stages and the risks are greater.
The article comes from the Internet:Why should you pay attention to the Base chain and its ecosystem MEME?
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