"Degen gameplay" has always been a symbol of Solana. However, as the market gradually becomes saturated, the Base chain is gradually emerging and is expected to become a gathering place for a new generation of "Degen players". In particular, the rise of some highly-watched tokens and AI Agent memes have added a new dimension to Base's potential. This article will analyze why the memes on the Base chain may lead the market in Q4 2024.
1. The rise of Base: Why choose Base?
Base is a Layer 2 solution based on Ethereum, featuring low transaction fees and more convenient on-chain operations. It allows millions of centralized exchange users to easily interact on-chain without creating wallets or backing up seed words. According to data, Base's total locked value (TVL) has exceeded US$2.49 billion, and its daily trading volume has reached US$613 million. As of October 26, 2024, Base led all chains in daily stablecoin trading volume, reaching US$18.1 billion, accounting for 30% of the market share. It has not only attracted a large influx of users, but also firmly ranked among the top five blockchains in TVL, following Ethereum, Tron, Solana and BNB Chain.