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Memecoins have attracted a wide audience, including both beginners and experienced traders, becoming a gateway into the cryptocurrency world and driving innovation. Solana, with its efficient technology and community support, dominates the memecoin market, while Base, an Ethereum Layer 2 solution, is quickly rising to challenge Solana's position.

As the on-chain TVL increases, a certain percentage of funds will flow into specific applications or destinations on that chain. For example, X% will go into money markets, and Y% will flow into the premier decentralized exchange. The examples in the article clearly show: TVL inflows = major memecoin performance. If one can predict an increase in TVL, one could take a position in the premier memecoin on that chain as a leveraged bet on their TVL prediction. The short-term approach requires a more active focus on the market and where capital is likely to flow based on incentive programs.

The article outlines the top ten popular NFT projects in the Base ecosystem. The market value of these projects is less than US$10 million, and most of them are newly launched projects. Specifically, they are Onchain Gaias, Based Punks, Based Fellas, Mochimons, Primitives, Swatches by Jvmi, Degens by Doy, Base Gods, NFToshis and Tiny Based Frogs. These projects are supported by Jesse Pollak, the head of Base, and some projects such as Based Punks and Degens by Doy have experienced a surge in transaction volume in a short period. The article highlights that despite the rising popularity of the NFT market, investors should be aware of risks. The content in the article does not constitute investment advice.

Beanz is a functional PFP NFT series with a total of 20,000 pieces, endorsed by Zagabond, the founder of Azuki, and issued by Chiru Labs studio. The project was launched on March 31, 2022. On March 31, 2022, at the Azuki LA party, the project team announced an airdrop of Beanz to all Azuki holders. Each Azuki holder was airdropped two blind box NFTs named Something Official, which at the time was a very successful hype, and the blind boxes were speculated to be worth over 5ETH. After the later unboxing, Something Official was officially renamed Beanz Official. The project includes a dozen different types, featuring a distinct visual style of the Azuki series.

Meme coins are controversial, but they reflect a commitment of society to uphold digital property rights through free markets. They are not just financial phenomena but also a form of cultural expression, through which people express collective humor, dissent, or friendship. While financial nihilism reflects a distrust of the existing system, questioning traditional systems is not a moral failing but rather a challenge to existing rules. Fraudulent behaviour should be eradicated, but people should also have the right to use any medium for transactions. Meme coins serve as an important litmus test for financial freedom and hold social value.

As a form of cultural expression, meme coins need time to earn people's trust, especially in an industry that has held onto doctrines about what value is for decades. However, even without this point, meme coins hold social value, as they are an important litmus test for financial freedom.

Brett is a meme coin on the Base Chain, inspired by the character of the same name from the Matt Furie “Boys Club” comic series. This cryptocurrency is driving excitement with strategic partnerships and social impact.

The article discusses the rise of meme coins, such as $PEPE and $WIF, in the cryptocurrency market, highlighting their high-risk, high-reward opportunities. These coins achieved significant returns in the first quarter of 2024, emerging as one of the most profitable cryptocurrency trends. Meme coins typically lack practical utility, deriving their value mainly from community sentiment and cultural trends. While acknowledging their market volatility and speculative nature, the article notes their presence in an experience-centric economy. Investors are cautioned to exercise caution when investing in meme coins, considering price fluctuations and potential fraud risks.

Gate Research: In recent years, Ethereum Layer 2 has developed a thriving ecosystem, becoming a significant segment within the cryptocurrency space. This article offers readers a comprehensive review, analyzing token performance and the current developments of various protocols, providing clear insights into the present state and competitive landscape.