Original Title: (clanker, the 'hit meme machine' on Base)

Original Author: Joe, Foresight News

What is clanker? A social meme issuing platform, an AI Agent, a meme.

In November, the Base ecosystem welcomed a new wave of explosion, which has lasted for at least three weeks, and clanker is one of the most critical links. As of November 26, 2024, the first meme issued by clanker, CLANKER, has reached a market value of 70 million dollars.

From November 8, 2024, to now, at least three meme coins with a market value of over ten million dollars have been born on clanker: LUM (33 million dollars), ANON (46 million dollars), CLANKER (70 million dollars), and they are still on the rise.

Among them, the related product behind ANON - anoncast, uses zk anonymous posting functionality. Ethereum founder Vitalik mentioned anoncast four times in a week on Warpcast and discussed with engineers how to make this product better. Vitalik himself actively purchased ANON tokens on November 21 to experience anoncast's product, which the market sees as Vitalik's first active purchase of a meme token in recent years.

All these memes' births cannot be separated from clanker's help. Clanker is becoming the 'hit meme' machine on the Base ecosystem.

So, will it continue to create new 'hit memes'? What is its significance for Farcaster, Base, and even Ethereum?

Clanker has launched three 'hit memes' worth ten million dollars.

Clanker is an AI agent developed by Farcaster's full-stack engineer Jack Dishman and Farcaster ecosystem R&D founder @proxystudio.eth, mainly used for automating token deployment on the Base network.

As of November 26, 2024, within just two weeks, clanker has issued a total of 3,500 tokens and generated 4.2 million dollars in revenue.

Unlike pump.fun, the way clanker issues memes is conducted on the Web3 social platform Farcaster.

Users only need to @clanker, then describe in words the name, content, and even images of the tokens they want to issue, and clanker will automatically deploy the tokens. Among them, the token LUM deployed by clanker is a classic case.

The birth of LUM was a token issued through the collaboration of two AI agents, namely aethernet and clanker. A Farcaster user named naaate asked the AI agent aethernet of the Higher community to help issue a token, and aethernet, as an AI, let another AI - clanker issue the token. This marks a milestone event of collaboration in issuing tokens between AIs.

Two AIs are talking to each other, successfully issuing a token LUM.

The birth of LUM, and achieving a market value of ten million dollars in just a few days, has brought clanker into the sight of Base community members.

Another token issued by clanker, ANON, has brought clanker out of the community, allowing more people to understand the clanker product.

Twitter user @0xLuo stated: 'The ANON token is an anonymous posting account Superanon in the third-party client Supercast of Farcaster, posted through clanker. Later, many users airdropped $ANON to Supercast founder woj, who then airdropped the received $ANON to Supercast users, receiving a wave of positive feedback and enhancing community recognition.'

Builders have begun to construct application ecosystems around the ANON token, with the most popular being the anonymous posting project anoncast.org, which requires holding a certain amount of ANON to post.

Image source: @0xLuo

The anonymous posting feature of anoncast using zk technology has attracted the attention of Vitalik. In the span of a week, Vitalik posted four times on Warpcast related to anoncast and discussed with engineers how to improve the product. Vitalik himself actively purchased ANON tokens on November 21 to experience anoncast's product, which the market sees as Vitalik's first active purchase of a meme token in recent years.

The success of LUM and ANON has made people realize the value of clanker as a platform for two 'hit meme machines'. As of today, the market value of the CLANKER token has surpassed LUM and ANON, reaching 70 million dollars.

With the combination of three major elements, will clanker surpass pump.fun?

Combining the three elements of AI Agent, meme platform, and Web3 social, will clanker surpass pump.fun?

This cycle of the Meme track has been 'monopolized' by Solana, and this is inseparable from the success of pump.fun.

pump.fun (Data source: Dune)

Since March 2024, pump.fun has created 3.79 million memes for Solana, generating 1.45 million SOL, about 360 million dollars in revenue. Pump.fun has thus become the fastest Web3 application in the history of the entire crypto industry to achieve 100 million dollars in revenue. The success of pump.fun has directly channeled massive funds and users into Solana, significantly promoting Solana's development.

In contrast, other major L2s in the Ethereum ecosystem, aside from the appearance of Degen and other golden dogs on Base, have not had any major breakout memes. However, the Ethereum system has not given up on the meme track. Base is entrusted with the hope of directly competing with Solana by the Ethereum community.

And clanker may be the pump.fun of the Base ecosystem. However, clanker is different from pump.fun.

First, clanker is a product created by the engineers of the Web3 social protocol - Farcaster, and it is an AI Agent used for automatically issuing tokens built on Farcaster. Clanker inherently has Web3 social attributes. The act of users creating tokens is also done on Farcaster.

Secondly, as a meme platform, clanker's transaction fees and revenue-sharing model differ from the traditional pump.fun.

Clanker's transaction fee model is relatively transparent and fair. Clanker does not charge a creation fee when issuing tokens but takes a fee from transactions. Specifically, clanker creates and locks a full-range Uniswap v3 liquidity pool (LP), with a transaction fee of 1%, where 40% of the fees are allocated to the requester (i.e., those users issuing tokens through clanker), while 60% goes to clanker. On pump.fun, users can create tokens for a very low fee, usually 0.02 SOL, but the transaction fee is 1%, which all goes to the pump.fun platform operators for maintaining the platform's operations and providing liquidity.

Finally, clanker places more emphasis on the integration with AI technology, actively trying and combining AI agents with products in various ways. This is also related to the strong engineering technical atmosphere of the entire Coinbase group, base ecosystem, and Farcaster ecosystem.

Base, pioneering a new trend of 'application-based meme'

Unlike Solana's 'purely gambling meme', Base is pioneering a new trend of 'application-based meme'. The emergence of clanker represents that Base has already connected this brand new ecological closed loop.

From Degen to Higher, LUNA, Aethernet, LUM, CLANKER, Base's 'application-based memes' are increasing, with increasingly obvious characteristics, gradually forming a trend, style, and culture.

Base's 'application-based memes' are divided into two types, one is memes as applications, and the other is applications as memes. The representative of the first type is: Degen, Higher (Aethernet); the representative of the second type is: Farcaster, Virtuals (LUNA), clanker (LUM).

Core members of Base and Farcaster also encourage developers in the ecosystem to create applications while issuing memes, with engineers themselves creating products and immediately issuing them in meme form.

Under the competitive pressure of Solana meme attracting massive funds and traffic, Base's newly established and forming system of 'application-based memes' could be a good way for Ethereum to break through, after all, no matter how good the technology and ideas are, without substantial funding and user support, sustainable development is impossible.

Both Polymarket and Farcaster have the characteristic of combining the development of truly meaningful applications with elements of gambling, attracting both genuine believer users and a significant number of gamblers and traders in the crypto industry.