This might be one of my final updates on this topic as I believe the window for early advantage in this area is nearing its close within the coming week. However, my view remains that investing in memecoins on Arbitrum presents a highly favorable risk-reward ratio.
The $ARB token reached a new high at $1.83, with the total value locked (TVL) in the chain and DeFi hitting $10 billion and $3 billion respectively. Despite these highs, memecoins on this platform are still relatively undervalued.
Here's a quick rundown of the liquidity for some notable memecoins on Arbitrum:
- $SMOL: $1.2 million
- $SIZE: $638,000
- $ADOGE: $310,000
- $NOLA: $247,000
- $BONER: $222,000
- $BOOP: $87,000
The combined total liquidity is about $2.7 million. Assuming around half of this liquidity is backed by stable assets like ETH or stablecoins, there's an estimated $1.35 million actively invested in these memecoins.
This investment represents just 0.045% of the DeFi TVL and 0.013% of the Chain TVL. Is this an opportunity worth considering? I'll leave that for you to determine.
