๐April saw a token explosion, with over 1M new ones popping up! Ethereum alone launched 372,642, with 88% on Coinbase's Layer 2 network, Base. Solana wasn't far behind, creating 640,000, mostly meme coins.๐
Base's user activity is on the rise, thanks to low-cost platform and meme coin craze. It's even caught the eye of Franklin Templeton, who noted its popularity with SocialFi apps. Base now processes 46% of all SocialFi transactions!๐ช
Base's total value locked (TVL) sits at a cool $5.48 billion, making it the third largest Ethereum Layer 2 network. User numbers have almost doubled since March, from 4.6M to 8.9M.๐
Meme coin mania has been a big player in the market cycle, but beware! Many have collapsed or become worthless. Let's keep our eyes on the prize and support teams working on legit products.๐
What's your take on the meme coin craze? Drop your thoughts below!๐ #DeFi #Web3 #Layer2 #DAO