Base creator Jesse Pollak believes memes will be the key to bringing millions of users into the layer 2 network. He asserts memes are an important part of the on-chain economy:

“There is a great energy on Base. It is a good sign that these memes attract thousands of people to the new economy.”

Memecoin trading exploded on Base following the Ethereum Dencun upgrade in mid-March, which helped reduce fees on the layer 2 network.

Base's TVL has increased nearly 250% since early March, reaching an ATH of $1.64 billion at press time.

TVL of Base. Source: DeFiLlama

Pollak said that in addition to speculation, memecoin creators on Base have also invented countless creative and novel ways to attract users.

“These memes will likely attract millions more people to Base in the coming months.”

The most popular memecoin on Base at the moment is BRETT, which has a market cap of $567 million and has seen its price increase 7,780% since the beginning of March.

BRETT price chart. Source: TradingView

Other top memecoins on Base include DEGEN, TOSHI, and NORMIE with market capitalizations of $367 million, $177 million, and $84 million, respectively.

Source: Coingecko

Despite being the ideal home for memecoins thanks to its high throughput and low fees, a recent report revealed that 16.7% of new memecoins on Base are scams and more than 90% have multiple vulnerabilities.

* The Cambrian Explosion was an important event in the evolutionary history of the Earth. It took place between 541 and 485 million years ago and marked the simultaneous appearance of many of the first complex, diverse species on the planet. In earlier times, organisms were mostly simple, such as bacteria and single-celled species. However, during the Cambrian period, more complex species appeared, including mammals, worms, and many other types of animals.

This event is often considered a breakthrough in the development of life on Earth, marking the evolution from diversification to universalization of species. However, the specific cause of this event remains debated. There are many theories explaining the causes of the Cambrian explosion, including environmental changes, the development of complex ecological systems, and the evolution of defense and predation mechanisms.

Source: https://tapchibitcoin.io/cac-meme-dang-tao-ra-mot-vu-no-ky-cambri.html