🚀April 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.🎉

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!💪

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.📈

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.👀

What's your take on the meme coin craze? Drop your thoughts below!👇 #DeFi #Web3 #Layer2 #DAO