The battlefield of Meme coins is back again!
Base, Solana, Degen, who has the last laugh?
With the rise of emerging chains such as Base and Solana, Meme coins are setting off a wave of migration in an attempt to capture market heat. The top Meme coin communities have also adopted different strategies in order to regain market attention.
Base: A new battlefield for Meme coins?
In the Ethereum ecosystem, Base has become the center of on-chain activities. Since the implementation of EIP-4844, its daily transaction volume has stably exceeded one million, and its asset volume has doubled, surpassing Blast, becoming the third largest L2 platform.
In order to seize Base's Meme coin market share, a sector with a market value that has just exceeded one billion US dollars, according to data from CoinGecko, an account with the stock code BITCOIN announced that it will be deployed on Base. The news triggered a short-term surge in its price, rising nearly 20% within fifteen minutes of the announcement.
Solana: The gathering place for meme coins
Solana played a central role in the Meme coin craze, becoming a platform for many new token deployments and processing a large number of Meme coin transactions in recent times. The deployment of DOG makes it face the peak of speculative demand!
DEGEN: Find a new way to create an exclusive chain
While competitors are attracting buyers by migrating to existing chains, Base’s DEGEN has taken a different route, attracting buyer interest by creating its own chain and enhancing the utility of the token.
Deployed in partnership with Web3 infrastructure provider Syndicate, with DEGEN as its fuel token, the DEGEN chain is one of the first layer three (L3) platforms built specifically for the community. This move aims to promote extensive experimentation in applications supported by DEGEN, including functions such as tipping, community rewards, payments, and games.
Who has the last laugh?
The Meme coin market is highly competitive, with all parties striving to gain market share. Base has attracted many Meme coin projects to migrate due to its powerful performance and low fees. Solana still has strong appeal due to its first-mover advantage in the Meme currency field. By creating a dedicated chain, DEGEN provides new possibilities for the development of Meme coins.
How will the Meme coin market develop in the future? Who will be the ultimate winner? let us wait and see!
