Since 2024, meme coins have surged in popularity within the cryptocurrency industry due to their significant return rates. As of July 3rd, three of the top ten meme coins by market capitalization are newly launched tokens from earlier this year: Brett (BRETT), BOOK OF MEME (BOME), and DOG•GO•TO•THE•MOON (Runes) DOG.
BRETT on the Base chain has shown outstanding performance, skyrocketing by 17,770.8% since its launch, making it a standout in the meme coin market.
Here, we will explore how Base supports the flourishing of meme coins, along with highlighting the most popular meme coins on Base.
Base, launched by Coinbase, is a Layer 2 scaling solution leveraging Optimism's OP Stack technology. Its goal is to scale the Ethereum network and establish a more open, user-friendly, secure, and cost-efficient environment.
On August 9, 2023, the Base mainnet opened to the public and rapidly evolved within a year into an ecosystem encompassing cross-chain bridges, wallets, and financial applications such as DEXs and lending platforms, alongside over 300 decentralized services including SocialFi, gaming, and memes.
In 2023, Friend.tech gained widespread attention on the Base chain, significantly boosting its visibility. This was followed in 2024 by the rise of Farcaster, which further enhanced Base's market presence and attractiveness. With reduced gas fees post the Dencun upgrade, Base has become a magnet for numerous meme coin projects, solidifying its status as a favored hub for these emerging coins.
During the Base Meme Summit held on June 7th, Jesse Pollak, a key figure behind the Base protocol, encouraged meme coin projects to attract more users to Base.
According to L2BEAT, Base boasts a TVL of around $7.2 billion, placing it second only to Arbitrum among Layer 2 networks. Coingecko reveals that meme coins within the Base ecosystem collectively hold a market capitalization of approximately $2 billion, constituting about 25% of Base's total TVL. This statistic underscores the notable prominence of memecoins within the Base ecosystem.
Learn More: A complete guide to Base
Hot Meme Coins on Base
Brett (BRETT)
Originating from Matt Furie's comic "Boy's Club" and closely associated with Pepe the Frog, BRETT is known as Pepe's best friend on Base. With a free-spirited and game-loving persona, it has amassed a large fanbase. Currently, it tops Base's meme market with a capitalization of $1.5 billion.
Contract Address: 0x532f27101965dd16442e59d40670faf5ebb142e4
Degen (Base) DEGEN
DEGEN, created and promoted by the Farcaster community, incentivizes content creators and user participation.
Contract Address: 0x4ed4e862860bed51a9570b96d89af5e1b0efefed
Toshi (TOSHI)
A cat-themed meme coin, inspired by Coinbase CEO Brian Armstrong's pet cat Toshi, and paying tribute to Bitcoin's creator Satoshi Nakamoto.
Contract Address: 0xac1bd2486aaf3b5c0fc3fd868558b082a531b2b4
Basenji (BENJI)
Basenji, named after one of the world's oldest dog breeds, gains recognition thanks to the word of "base" in its name
Contract Address: 0xbc45647ea894030a4e9801ec03479739fa2485f0
Managing Meme Coins with imToken
To create a Base account if you haven't already:
1. Tap "My Profile" -> "Manage Wallets" -> "Add"
2. Select "Base" and confirm, then return to the wallet homepage to access your newly created Base account.
All meme coins on Base can be received using your Base account. Once tokens are transferred to your Base account, click "+" on the wallet homepage, find them under "All My Assets," and they will appear on the homepage.
Learn More: How to use Base on imToken？
Exploring Popular DApps on Base
Basescan/Base Blockscout
Basescan and Base Blockscout are block explorers and data analytics tools for the Base chain, providing comprehensive insights into market cap, blocks, transactions, addresses, and gas fees. Input your wallet address to easily view balances, transaction history, and transfers.
Aerodrome
Aerodrome is the first decentralized exchange on Base. Users can earn AERO rewards by providing liquidity. By locking AERO as veAERO, they can participate in voting for liquidity rewards and gain shares of trading fees and other protocol incentives.
For more information: https://aerodrome.finance/docs
To explore more DApps on Base, click "DApp" on your wallet page to engage with its diverse application ecosystem.
Risk Warning: The content of this article does not constitute any form of investment advice or recommendation. imToken does not make any guarantees and promises for the third-party services and products mentioned in this article, nor assume any responsibility. Digital asset investment has risks. You should carefully evaluate these investment risks and consult with relevant professionals to make your own decisions.