Examine that BASE Meme Coins Price and Transaction Volume surges, as well as the future prospects of this fascinating market. The cryptocurrency world is a buzz with excitement surrounding meme coins, particularly Base-based meme coins, which are seeing remarkable growth with weekly yields ranging from 30% to a staggering 200%. Total Value Locked (TVL) has surged past $1.16 billion, indicating a trend among investors who are turning to low-cap coins for higher profits.
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BASE Meme Coins Price and Transaction Volume surges
The recent uptick in BASE-based meme coins is reshaping the landscape. Tokens like Degen, Brett, All Your Base, Based Shiba Inu, and Broge have experienced impressive double-digit growth in just the past week, drawing the attention of investors and traders.
https://coinmarketcap.com/currencies/shiba-inu/
Interestingly, this surge coincides 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.
Impact on BASE’s TVL
The growing popularity of these meme coins has significantly boosted BASE’s Total Value Locked (TVL), now standing 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.
https://defillama.com/chain/Base
Investors Shifting Focus
As trading volume on Solana’s decentralized exchanges declines, investors shift their focus to Layer 2 chains like BASE. The allure of meme coins based on BASE has led to a surge in daily transactions and trade volume on the platform, indicating investors’ interest in new opportunities and assets with strong growth potential.
NFTs to Meme Coins
There has been a notable 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 funds may be transitioning from NFTs to these meme coins, potentially driving prices higher and solidifying BASE’s importance in the crypto space.
Conclusion
To conclude, BASE meme coins price and transaction volume surges, shows reshaping the cryptocurrency space, with impressive growth rates and increased transaction volumes driving excitement among investors. This trend, along with the significant boost to BASE’s Total Value Locked (TVL), indicates a growing interest in meme coins and other assets on the platform, positioning BASE as a prominent player in the crypto market.
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