Layer-2 Base Chain Is a Top 5 Blockchain With Over $2.4Bn In TVL: Keep An Eye On These Two Base Meme Coins

Layer-2 (L2) network, Base developed by crypto exchange, Coinbase, is now the largest L2 chain in respect of Total Value Locked (TVL).

According to data from DefiLlama, Base now has a TVL of $2.48 billion distributed across 366 protocols, overtaking Arbitrum’s $2.39 billion TVL.

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With The Powerhouse That Is Coinbase Behind Them, Base Is Gaining Ground On Tron And BNB Chain

With this recent surge, Base Layer-2 is now comfortably positioned within the top five blockchain networks by TVL. It sits 5th behind Layer-1 chains, Ethereum (1st), Tron (2nd), Solana (3rd) and BNB Smart Chain (4th).

Incredibly, Base is listed third by user activity. DefiLlama shows there are over 1.33 million daily active addresses. This puts it behind Solana (5.07 million) and Tron (2.26 million), with the highest activity level across any Layer-2 chain.

With the Base network going from strength to strength, here are two tokens that shouldn’t be overlooked:

$DEGEN – Recent Coinbase Listing Set To Take This Community Token To The Next Level

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Degen is a community token that was created by the users of the decentralized social network app, Farcaster.

The Degen token is used as a reward/tipping token on the Farcaster platform. It also powers the Degen chain, one of the pioneering Layer-3 networks launched on Base.

It offers a platform for building and using ‘Degen’ apps, often called the “Las Vegas of blockchains.”

Later today, DEGEN will be listed on Coinbase. Alongside Binance, Coinbase represents the pinnacle as a centralized exchange on which all projects aspire to see their token listed. Coinbase will likely push Degen as a great example of a success story spawned on Base, their own L2 chain.

Due to multiple airdrop campaigns, the DEGEN token has a current market cap of $180 million and over 780,000 holders.

Even without the huge volume that will likely come with a Coinbase listing, Degen has processed over $44 million in trading volume over the last 24-hours.

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$TOSHI – Aiming To Be The First Billion Dollar Cat Coin On Base Layer-2

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One of the longest-standing meme coins on Base, TOSHI, launched back in May of this year. Alongside NORMIE and BRETT, it led the mini ‘Base Szn’ in June.

While BRETT was the first meme coin to join the Billion Dollar club during that Base Szn, so far, no animal-theme meme coin on Base has hit those levels.

During its heights, TOSHI briefly tapped $250 million in market cap on June 3, before the market cooled off and it bottomed out at $33 million. Due to its huge community of loyal Base maxi’s, Toshi recovered extremely well and continued to onboard new holders even as the price slipped.

With over 460,000 holders as of right now, TOSHI has begun its reversal from a price standpoint and is currently sitting at a $80 million market cap.

This price is still 3x away from its previous all-time high of $250 million, and many in the community are still calling for TOSHI to become the first billion-dollar cat coin on Base. Solana has WIF ($2.6 billion) and POPCAT ($1.3 billion), so it is a matter of time before Base has one of its own.

BONUS: Best Wallet – New Crypto Wallet Available On Android And Apple That Supports Over 60 Chains And 1000’s Of Coins

Best Wallet is a new all-in-one crypto wallet currently available on both Apple and Google app stores. It supports over 60 chains and thousands of tokens. Users can send, receive, manage, buy, sell, and even stake their digital assets, all from within the app.

That barely scratches the surface of what Best Wallet has to offer. It has a ‘Best Card‘ on the way, a credit card enabling users to spend their crypto anywhere that accepts Google or Apple Pay.

Also included is its iGaming platform, Best Wallet, which has partnered with reputable Web3 GameFi platforms, allowing users to wager and gamble their tokens without needing to leave the Best Wallet app.

Probably the most exciting feature on offer is the ‘Presale Aggregator’. With Best Wallet’s presale aggregator , you can gain exclusive early access to partner presales.

Users can select presales based on a comprehensive review of the project’s whitepaper and tokenomics and then buy at an early-bird stage before the presale goes live.

Users can participate in presales directly from the Best Wallet app and access all essential information.

This includes the presale token’s current price, roadmap, and launch date. Once purchased, your presale tokens will be visible exclusively in Best Wallet. From there, you are able to track their value through the presale stages.

How To Get Started With The $BEST Airdrop

If this wasn’t enough, Best Wallet has an ongoing airdrop campaign to reward early users and participants in its community. To earn a portion of the $BEST tokens on offer, users must complete various seasonal and daily quests, engage with Best Wallet’s socials, or refer other people to the airdrop.

The more you engage with the airdrop, the more points you get. Best points will be converted into $BEST tokens. Therefore, the more points farmed, the more $BEST tokens will eventually be airdropped right into your wallet!

TRY BEST WALLET OUT TODAY

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital