Meme coins on Worldcoin too? Degens are already rushing into Worldchain
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Meme coins on Worldcoin too? Degens are already rushing into Worldchain
Worldcoin is launching its own blockchain too! Worldcoin announced the mainnet launch of World Chain at its event, sparking a meme-driven rally on-chain.
Navigating Web3 tides with focused insightsAuthor: Raymond
Following Uniswap's announcement of its transition to Layer2, Worldcoin officially rebranded as World Network (shortened to "World") on October 18 and launched the World Chain mainnet. On the day of launch, Worldchain quickly became a new playground for meme enthusiasts, with various "cat-and-dog meme" contract codes spreading rapidly across communities...
What Did the Worldcoin Launch Reveal?
At the event, the World team introduced a series of product updates including the launch of the World Chain mainnet, Orb 2.0, World Apps 3.0, and World ID 3.0.
Worldchain
World Chain is a Layer2 network built on the OP Stack, supported by projects such as Optimism, Alchemy, Uniswap, Safe, Dune, and Etherscan. Currently, user transactions on World Chain account for approximately 44% of those on OP Mainnet. Leveraging World ID, World Chain will prioritize two key use cases at the application level: anonymous human verification and financial access.
Unichain focuses on cost-efficiency, speed, and interoperability, carving out a unique L2 brand starting from DeFi. The advantage of World Chain lies in its integration with World ID, enabling Sybil resistance and thus establishing a Layer2 network accessible only to real human users.
Image source: World official website
Orb 2.0
In addition to the mainnet launch, the World team also unveiled the new Orb 2.0 initiative. As an upgraded iris-scanning device, Orb 2.0 features open-source code, fewer manufactured components, better chip performance, and faster operation. The World team has already opened "Advanced Verification Experience" stores in Buenos Aires and Mexico City, with plans to deploy them in everyday locations like coffee shops.
Image source: Coindesk
World Apps 3.0
The latest update to World Apps 3.0 adopts a lightweight approach centered around Mini Apps, allowing third-party applications to run directly within the World App while deeply integrating—yet anonymously—with users’ World ID, Wallet, and contacts. Use cases are increasingly oriented toward daily life activities such as money transfers, gaming, and bill top-ups.
Image source: World official website
World ID 3.0
To broaden access and lower barriers to obtaining a World ID, World ID 3.0 now allows users to register using government-issued IDs or passports instead of requiring an Orb iris scan. Although some have questioned whether relying on official documents truly verifies humanity, once a user obtains a World ID, the World ID Deep Faces technology helps detect deepfakes during online interactions.
Image source: World official website
Why Has WLD Fallen Instead of Rising After World Chain’s Launch?
As early as April this year, Wordcoin announced the start of development for World Chain. The Worldcoin Foundation positioned World Chain as a scalability-focused Layer2 solution and launched a community grant program for developers in May. Grants were primarily allocated to improve developer experience and tools, digital identity, ecosystem growth, and governance.
However, after nearly six months of development and the subsequent mainnet launch, the native token WLD did not surge over 15% intraday like UNI did during Unichain's debut. In fact, it briefly declined following the announcement.
This short-term price drop may be attributed to institutional profit-taking after positive news was released. According to Coinwire's on-chain analysis, market maker GSR Markets deposited and sold $3 million worth of WLD on Binance, creating selling pressure. Meanwhile, Alameda Research had deposited approximately 1.7 million WLD into Binance over the past three months. Additionally, unlike UNI, there is no expectation that WLD holders will receive protocol revenue distributions. As such, the token is often viewed more as a meme coin associated with Sam Altman, a prominent figure in the AI space. With the current upgrade, WLD’s value capture mechanism remains unclear.
Image source: X
From a technical perspective, however, WLD’s Relative Strength Index (RSI) currently stands at 56.41, close to the midpoint of the 0–100 range, indicating neutral short-term momentum. In the medium to long term, WLD is forming a descending wedge pattern, suggesting potential for a bullish breakout.
What Is the Community Doing on World Chain?
In terms of ecosystem development, DYORSwap is currently one of the first DEXs on World Chain, while Owlto serves as the primary bridging tool. Following the mainnet launch, users naturally turned their attention to tokens and meme coins on Worldchain.
ORB
ORB is the first token on World Coin. Most existing token distributions—whether through pre-mining, private sales, or large private allocations—reflect inherent inequality. ORB embodies an original spirit of fairness, aiming to create an equal opportunity token. ORB is not yet tradable; users can claim 1,000 ORB anytime via the World app after completing verification.
WCat
First cat contract: 0xB1BFa980fFFC15c2c5b9dcCFc214EF1E41B4122c
WCat dropped 84% in 24 hours, with a market cap of $248,000
Image source: dexscreener
Sofamon
Founder's rabbit: 0x046d37E233b96555b9aAD4B802b56D30F4C29Edc
Sofamon rose 64.73% in 24 hours, with a market cap of $42,000
Image source: dexscreener
FROGE
Frog meme: 0x37CEF2Ea9dD8B364e8E60405D55887a1d5AE76D4
FROGE surged an astonishing 16,149% in 24 hours but has since pulled back; current market cap is $564,000
Image source: dexscreener
Excluding ORB—which is not yet tradable—all other on-chain assets on WorldChain, including WCat, Sofamon, and FROGE, spiked sharply on the evening of October 17 before rapidly retreating, with profit-takers exiting positions. By October 18, most had nearly collapsed to zero. In terms of trading volume, World Chain recorded $70 million in 24-hour volume, with the highest-volume meme coin reaching only $4.9 million.
Image source: dexscreener
For a nascent chain like World Chain, capital remains largely speculative—investors aim to ride the hype wave and cash out quickly. The zoo-themed meme coin rally is unsustainable in the short term. To build lasting value and attract deeper market participation, the World team still faces significant challenges ahead.
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