Base memecoins surge
Within the vibrant world of memecoins that has overtaken the cryptocurrency domain, the Base blockchain, developed with support from Coinbase, has captured widespread interest.
Despite the rush of distinctive memecoins emerging on Solana, including the likes of Mother Iggy (MOTHER), Daddy Tate (TATE), and politically inspired tokens such as Joe Boden (BODEN) and Dolan Tremp (TREMP), Base is rivaling Solana in the race of memecoin frenzy.
As the market stabilizes from a recent downturn, a number of memecoins on Base like Brett (BRETT), Degen (DEGEN), Basenji (BENJI), Higher (HIGHER), and beyond are showing signs of revival.
CoinGecko's data reveals that the market cap for Solana's memecoins is currently $6.49 billion, marking a 7.8% drop in the last 24 hours. Meanwhile, the memecoin market cap for Base stands at $2.14 billion, experiencing a 7.8% uplift during the same timeframe.
Supporting the ascending prominence of Base, DeFiLlama's statistics highlighted its Total Value Locked (TVL) nearing a historic peak. The latest figures showed its TVL at $1.5 billion, a striking increase from $391 million recorded on January 31st.
Yet, Base's achievements are somewhat overshadowed by Solana's TVL, standing at an impressive $4.16 billion.
In wrapping up, Base has demonstrated impressive endurance in the face of competition, though it continues to chase after Solana's lead in the network race.
