Base Layer-2 Blockchain Sees Surge in Meme Coin Performance
The Base layer-2 blockchain ecosystem experienced a significant boost in performance on Friday, led by top-performing meme coins. Meme coins have been steadily gaining market share in the crypto space, with the ecosystem now boasting a total market cap of over $2.5 billion.
Toshi Leads the Pack with Impressive Rally
Toshi, a popular meme coin in the Base ecosystem, surged by over 70%, pushing its market cap to more than $237 million. This significant increase made Toshi the third-largest meme coin on Base, following Brett and Akuma Inu. The listing of Toshi on Coinbase, the largest exchange in the U.S., contributed to its impressive rally.
According to Nansen, a whale purchased Toshi tokens worth over $3.16 million, further fueling the coinβs growth. Additionally, TOSHIβs 24-hour trading volume reached $165 million, demonstrating the coinβs increased popularity.
Other Meme Coins on Base Experience Notable Gains
Keyboard Cat, another standout meme coin in the Base ecosystem, jumped by 46%, lifting its market cap to $8.2 million. Basenji and Doginme also performed well, each climbing by over 20%. These notable gains demonstrate the growing interest in meme coins within the Base ecosystem.
Base Ecosystem Continues to Grow in Crypto Space
The Base ecosystem has transformed from a relatively small blockchain network into one of the largest layer-2 networks in crypto. According to DeFi Llama, protocols within the Base blockchain handled $1.24 billion in trading volume on Friday and $12.98 billion over the past seven daysβa 13% increase.
Base protocols such as Uniswap, Aerodrome, PancakeSwap, and Alien Base have processed transactions worth more than $60 billion in the past 30 days. This growth has driven higher fees within the ecosystem, generating $10.64 million in fees this year and $93 million over the last 12 months.
Meme Coinsβ Impact on Other Blockchain Networks
Meme coins have played a significant role in propelling other chains to higher heights in the past few years. For example, meme coins like Official Trump, Fartcoin, and Dogwifhat have contributed to Solana becoming the most active network in crypto since 2024. According to TokenTerminal, Solana has even surpassed Ethereum in fees this year.
Meme coins have been a driving force in the growth of various blockchain networks, and their impact is expected to continue in the crypto space.
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