Base TVL doubles in a month as pundits tip memecoins to drive adoption
Bitget2024/03/25 06:17
By:Bitget
Ethereum layer-2 network Base’s total value locked (TVL) has doubled in less than a month, reaching $2.13 billion, while commentators say it could become the next epicenter for memecoins. Base notched $1 billion in TVL on Feb. 27, 226 days after its launch in August. However, the network managed to breach the $2 billion market just 25 days later on March 23, according to data from L2 Beat.
Source:
CoinTelegraph
USD Coin (USDC) is the largest token by natively minted value at $600 million, while Ether (ETH) is the largest token by canonically bridged value at $798 million. Some industry pundits believe that memecoins could drive the next wave of adoption on Base and potentially take some of the memecoin market share away from Solana, with Degen (DEGEN) and Base God (TYBG) being the largest Base memecoins with market caps of $143.4 million and $65.9 million. Normie (NORMIE), Briun Armstrung (BRIUN) and Brett (BRETT) are among the other Base memecoins that are being speculated on by traders.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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