Why You Should Pay Attention to the Base Chain and Its MEME Ecosystem?
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Why You Should Pay Attention to the Base Chain and Its MEME Ecosystem?
Gas fees significantly reduced; AA wallets deliver a smooth user experience; transaction and user data rapidly increasing; features crypto-native MEME culture...
Navigating Web3 tides with focused insightsBy jiucaidog, TechFlow
As the crypto market experiences a sharp downturn, the MEME coin frenzy on Solana appears to be cooling down. Where will the next wave of momentum emerge?
On Twitter, many overseas KOLs are now turning their attention to Base chain and its ecosystem following the Cancun upgrade: significantly lower gas fees; AA wallets delivering seamless user experience; rapidly growing transaction and user data; a strong crypto-native MEME culture—and more.
These factors suggest Base has the potential to孕育 the next big MEME coin leader, possibly becoming Ethereum’s meme-centric Layer 2 within the broader ecosystem.
Significantly Lower Transaction Fees
After the Cancun upgrade, Base chain's transaction fees dropped dramatically. On March 20, gas fees were as low as $0.007, and at one point dipped to just $0.0005—laying the foundation for explosive growth in its on-chain ecosystem.
Coinbase AA Wallet Integration
One of Base chain’s biggest advantages lies in its backing by Coinbase, with its massive user base and substantial asset holdings. All Coinbase needs to do is build a bridge connecting Base chain with its exchange and wallet ecosystem.
Recently, Coinbase launched an AA wallet (http://smart-wallet.xyz), allowing regular users to create accounts seamlessly via mobile or desktop devices, Touch ID, or Google accounts—and directly link to their Coinbase accounts. This sets the stage for Base to attract large-scale user adoption and capital inflows.
Base Chain On-Chain Metrics Continue to Rise
According to on-chain data from Dune, new user numbers have been growing explosively, with daily transaction volume and fee revenue rising in tandem. As of March 19, the total number of on-chain addresses exceeded 4.7 million.
A MEME-Focused Chain Within the Ethereum Ecosystem
Across the entire Ethereum ecosystem, aside from Ethereum itself, Base appears to be the only chain with a strong MEME culture and genetic foundation.
In July 2023, Base first gained widespread attention when the MEME coin BALD surged 30,000x in a single day—sparking rumors that Coinbase insiders might have been involved.
Later, new MEME leaders emerged: BRETT, now with a market cap exceeding $300 million, and Toshi, a cat-themed MEME with a current market cap of $100 million—becoming two blue-chip MEME coins on Base.
The most recent breakout MEME is NORMIE, launched in early March, steadily climbing to a market cap over $120 million—poised to become Base’s next major MEME leader.
Moreover, given Base’s perceived legitimacy within the Ethereum ecosystem, other projects in the Ethereum sphere also choose Base as the launchpad for their MEME tokens.
A prime example is the Farcaster protocol and its app Warpcast, where popular MEMEs like Degen, FAR, SPAM, and CAST are all built on Base chain.
Overall, Base has a long-standing tradition of MEME coins—even its lead developer Jesse Pollak is known to be a MEME enthusiast who once lost funds in a rug pull.
Currently, the main trading bots on Base include:
Shuriken: User-friendly UI, no token issued
https://t.me/ShurikenTradeBot?start=ref-minlyang
Sigma: Large user base, no token issued
https://t.me/Sigma_buyBot?start=ref=5649277789
Looking at MEME coins on Base, they clearly reflect distinct Western cultural traits.
In terms of overall chain liquidity, Base still lags far behind Solana. From an on-chain capital flow perspective, there hasn’t been a massive influx of funds either. Many MEMEs remain PVP games, so expectations should not be set as high as those for the Solana ecosystem.
The Base ecosystem is still in its early stages—and carries higher risks.
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