Memes Sparking Crypto Onboarding Revolution.
Memes wield transformative power in crypto onboarding, asserts Base creator Jesse Pollak. Memes on Base have ushered thousands into the layer-2 network, with promises to captivate millions more.
Meme Magic Unleashed: Pollak views memes as pivotal in expanding Base's user base, which has tripled in Total Value Locked (TVL) since March.
Hackathon Revelations: At a recent memecoin hackathon in New York, Pollak emphasized memes' role in the on-chain economy, expressing anticipation for their proliferation.
Explosive Growth: Post Ethereum's Dencon upgrade in March, memecoin activity on Base soared, propelling TVL to a record $1.61 billion by April 21.
Innovative Onboarding: Beyond speculation, meme creators on Base innovate diverse methods to engage communities, fueling a "Cambrian explosion" of onboarding experiments.
Future Prospects: Pollak envisions memes as primary drivers of future Base adoption, attracting millions with their creative allure.
Diverse Ecosystem: Base hosts a myriad of teams and sub-cultures, each contributing to the evolving crypto economy.
Memecoin Landscape: BRETT emerges as Base's leading memecoin, witnessing a meteoric rise alongside DEGEN and TOSHI on Coinbase's blockchain.
Blockchain Magnetism: Solana and Base's scalability and low fees magnetize memecoin enthusiasts, fostering vibrant communities.
Scam Warnings: Despite the enthusiasm, caution is warranted. A Cointelegraph investigation reveals vulnerabilities in a significant portion of new Base memecoins.
In summary, memes serve as catalysts for crypto onboarding, shaping a dynamic landscape of innovation and growth within the Base ecosystem.